Australia

At 31 December 2014

Shopping CentreOwnership
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

             
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

             
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

             
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

             
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

             
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

             
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 CentreOwnership
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

             
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

 

  1. 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%.
  2. Development completed during the year.
  3. Properties currently under development.
  4. 50% interest in this shopping centre is consolidated and 25% is shown as non-controlling interest.
  5. Pro forma post New Zealand joint venture with GIC, settlement occurred Q1 2015.