Property Details
Australia
At 31 December 2014
Shopping Centre | Ownership Interest (%) | Carrying Amount ($M) | Retail Capitalisation Rate | Total Annual Sales ($M) | Specialty Annual Sales $PSM | Lettable Area (000s SQM) | Number of Tenants |
---|---|---|---|---|---|---|---|
Australian Capital Territory |
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Belconnen | 100.0% | 840.0 | 6.00% | 520.0 | 8,078 | 96.5 | 290 |
Woden | 50.0% | 325.0 | 6.25% | 362.5 | 8,411 | 72.4 | 253 |
New South Wales |
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Bondi Junction | 100.0% | 2,383.8 | 5.13% | 1,024.9 | 13,758 | 127.7 | 508 |
Burwood | 100.0% | 875.2 | 5.88% | 445.7 | 10,089 | 63.4 | 246 |
Chatswood 3 | 100.0% | 905.8 | 6.00% | 514.8 | 9,761 | 77.2 | 279 |
Figtree | 100.0% | 163.0 | 7.25% | 185.7 | 9,020 | 22.0 | 97 |
Hornsby | 100.0% | 914.5 | 6.00% | 634.3 | 8,143 | 100.0 | 337 |
Hurstville 3 | 50% | 272.5 | 7.00% | 430.8 | 9,939 | 62.5 | 261 |
Kotara | 100.0% | 710.0 | 6.25% | 445.8 | 9,601 | 68.7 | 256 |
Liverpool | 50% | 459.1 | 6.25% | 489.3 | 8,845 | 85.2 | 347 |
Miranda 2 | 50% | 977.8 | 5.50% | 527.8 | 10,985 | 126.0 | 469 |
Mt Druitt | 50% | 242.5 | 7.00% | 390.4 | 8,213 | 60.2 | 243 |
North Rocks | 100.0% | 125.0 | 7.00% | 143.8 | 6,735 | 22.6 | 86 |
Parramatta | 50% | 831.5 | 5.63% | 728.7 | 10,584 | 137.2 | 490 |
Penrith | 50% | 577.5 | 5.75% | 613.4 | 11,302 | 91.6 | 341 |
Sydney 1 | 100.0% | 3,528.3 | 5.29% | 950.2 | 18,026 | 167.9 | 361 |
Tuggerah | 100.0% | 680.0 | 6.13% | 485.7 | 8,326 | 83.3 | 264 |
Warrawong | 100.0% | 192.0 | 8.00% | 218.6 | 5,665 | 57.1 | 142 |
Warringah Mall | 50% | 580.0 | 6.00% | 712.3 | 9,792 | 125.7 | 324 |
Queensland |
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Carindale 4 | 50.0% | 748.6 | 5.50% | 913.6 | 11,104 | 136.4 | 414 |
Chermside | 100.0% | 1,689.0 | 5.50% | 848.2 | 13,047 | 150.7 | 409 |
Garden City 3 | 100.0% | 1,380.0 | 5.75% | 503.0 | 9,193 | 142.8 | 440 |
Helensvale | 50.0% | 205.0 | 6.25% | 374.3 | 11,263 | 44.6 | 187 |
North Lakes 3 | 50.0% | 237.5 | 6.25% | 406.1 | 10,600 | 61.4 | 215 |
Strathpine | 100.0% | 277.5 | 7.25% | 264.4 | 8,191 | 44.6 | 164 |
South Australia |
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Marion | 50.0% | 620.0 | 5.75% | 796.6 | 11,270 | 133.8 | 330 |
Tea Tree Plaza | 50.0% | 346.5 | 6.00% | 499.7 | 10,809 | 94.2 | 259 |
West Lakes | 50.0% | 260.0 | 6.25% | 382.7 | 8,510 | 73.2 | 259 |
Victoria |
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Airport West | 50.0% | 178.0 | 6.75% | 303.4 | 7,748 | 52.4 | 174 |
Doncaster | 50.0% | 862.5 | 5.50% | 887.9 | 13,073 | 123.0 | 436 |
Fountain Gate | 100.0% | 1,570.1 | 5.50% | 918.2 | 9,216 | 177.8 | 464 |
Geelong | 50.0% | 236.0 | 6.25% | 283.1 | 8,498 | 51.8 | 184 |
Knox | 50.0% | 507.5 | 6.50% | 687.2 | 8,966 | 141.5 | 413 |
Plenty Valley | 50.0% | 161.0 | 6.25% | 310.0 | 6,995 | 51.9 | 176 |
Southland | 50.0% | 692.5 | 5.75% | 806.5 | 8,904 | 129.2 | 400 |
Western Australia |
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Carousel | 100.0% | 1,045.0 | 5.50% | 590.1 | 11,401 | 82.5 | 293 |
Innaloo | 100.0% | 300.0 | 6.50% | 320.4 | 9,111 | 47.0 | 173 |
Whitford City | 50.0% | 305.0 | 6.50% | 504.8 | 8,533 | 77.8 | 305 |
New Zealand
At 31 December 2014
Shopping Centre | Ownership Interest (%) | Carrying Amount (NZ$M) | Retail Capitalisation Rate | Total Annual Sales (NZ$M) | Specialty Annual Sales NZ$PSM | Lettable Area (000s SQM) | Number of Tenants |
---|---|---|---|---|---|---|---|
New Zealand 5 |
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Albany | 51.0% | 230.0 | 6.38% | 320.0 | 10,341 | 53.3 | 145 |
Chartwell | 100.0% | 177.0 | 8.13% | 123.6 | 5,665 | 29.0 | 129 |
Glenfield | 100.0% | 108.0 | 8.25% | 134.2 | 5,163 | 30.5 | 118 |
Manukau | 51.0% | 173.1 | 7.50% | 214.2 | 8,513 | 45.5 | 199 |
Newmarket | 51.0% | 134.6 | 6.88% | 128.6 | 10,440 | 31.5 | 116 |
Queensgate | 100.0% | 305.0 | 7.25% | 227.9 | 7,197 | 51.3 | 183 |
Riccarton | 51.0% | 257.6 | 7.13% | 447.8 | 11,898 | 55.4 | 196 |
St Lukes | 51.0% | 240.2 | 6.63% | 278.9 | 10,834 | 39.8 | 179 |
WestCity | 100.0% | 170.0 | 8.25% | 144.9 | 6,375 | 36.3 | 145 |
- Sydney comprises Sydney Central Plaza, the Sydney City retail complex and office towers. The weighted average capitalisation rate on Westfield Sydney is 5.55% comprising retail 5.29% (Sydney City 5.13% and Sydney Central Plaza 5.75%) and office 6.23%.
- Development completed during the year.
- Properties currently under development.
- 50% interest in this shopping centre is consolidated and 25% is shown as non-controlling interest.
- Pro forma post New Zealand joint venture with GIC, settlement occurred Q1 2015.