The Myer Centre Brisbane

Cfx0001 756X393 0031 Myer Centre Brisbane 2013
Cfx0001 756X393 0030 Myer Centre Brisbane 010
Cfx0001 756X393 0029 Myer Centre Brisbane 005
Cfx0001 756X393 0028 Myer Centre Brisbane 2884

Property Details

As at 30 June 2018

Property Description

The Myer Centre Brisbane is a six level City Centre located in the heart of Brisbane's CBD on Queen Street Mall. The Myer Centre Brisbane is an iconic CBD retail destination, anchored by Myer, Target, Coles Central and Event Cinemas and includes more than 145 specialty stores. A development is expected to commence in FY20.

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PROPERTY OVERVIEW

GLA (sqm)

63,708

Car spaces

1,450

Occupancy rate by GLA (%)

98.8

Number of tenants

169

Weighted average lease expiry by GLA (years)

7.3

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

N/A**

MAT/sqm – Total ($)

N/A**

MAT/sqm – Specialty ($)

N/A**

Specialty occupancy cost (%)^

N/A** ^

MAJOR TENANTS~

Coles Central

Event Cinemas

Myer

Target

VALUATION

Valuation (Internal) ($m)*

780.0

Valuation date

June 2018

Capitalisation rate (%)

5.50

Discount rate (%)

7.25

SUSTAINABILITY RATINGS

Green Star – Performance

2 Stars

NABERS Energy

3.0 Stars

NABERS Water

2.5 Stars

" Includes holdovers.
^ Includes marketing levy and based on GST inclusive turnover.
** Non-comparable for sales reporting purposes.
^^ 100% acquired in 1998; 50% divested in 2012 and a further 25% divested in 2016.
* Expressed on 100% basis.
~ Classified in accordance with SCCA guidelines, typically includes department stores, discount department stores, supermarkets and cinemas.

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