Bankstown Central - Vicinity Centres

Bankstown Central
North Terrace, Bankstown NSW 2200
bankstowncentral.com.au
Bankstown Central is a three level Major Regional shopping centre located in the south-west region of Sydney,
approximately 20 kilometres south-west of the Sydney CBD. It is anchored by Myer, Big W, Kmart, Target, Woolworths
and Supa IGA and includes more than 240 specialty stores.
Property overview
State
Centre type
Ownership interest (%)
Tenant mix by gross lettable area (GLA)
NSW
Major Regional
Date acquired
2003
Centre first opened
1966
Latest redevelopment
2008
Valuation (External) ($m)1
686.0
Valuation date
Jun-16
Capitalisation rate (%)
6.25
Discount rate (%)
8.00
Property metrics
GLA (sqm)
Number of tenants
Supermarkets
50
84,945
Department stores
12%
Mini majors
15%
Specialties
28%
Other retail
1%
Non retail
8%
FY174
FY18
Big W, Kmart, Myer, Supa IGA,
Target, Woolworths
FY19
Car spaces
3,332
FY20
Moving annual turnover (MAT) ($m)
466.6
FY21+
MAT/sqm – Total ($)
6,122
MAT/sqm – Specialty ($)
7,990
Specialty occupancy cost (%)3
19.1
Occupancy rate by GLA (%)
99.8
Weighted average lease expiry by GLA (years)
4.9
NABERS Energy rating (stars)
3.5
1 Expressed on 100% basis.
2Classified in accordance with SCCA guidelines, typically includes supermarkets, department stores
and discount department stores.
3 Includes marketing levy and based on GST inclusive turnover.
4 Includes holdovers.
Vicinity Centres Direct Portfolio June 2016
28%
Specialty store lease expiry profile by income
290
Major tenants2
8%
Discount department stores
30%
21%
14%
11%
24%
LEVEL 1
BLOOMS
THE
THE
REJECT
CHEMIST SHOP
MEDICAL
CENTRE
GRAND MARKET
MYER
BLOOMS
THE
CHEMIST
FIELDS
OF
FRUIT
SUPA
IGA
BEST
& LESS
APPIAN WAY
ALL
SERVICES
NSW
PRICELINE
STACEY STREET
NORTH TERRACE
LINCRAFT
RICKARD ROAD
LEVEL 2
NORTH TERRACE
TARGET
MYER
ST.
GEORGE
BANK
PRICELINE
PHARMACY
APPIAN WAY
BIG W
STACEY STREET
SNEAKERS
FASHION GALLERY
LOWES
LADY CUTLER AVENUE
TRIM’S
FRESH
MARKET
WOOLWORTHS
JB
HI-FI
KMART
KMART TYRE
& AUTO
RICKARD ROAD
LEVEL 3
NORTH TERRACE
REBEL
MAJORS
MINI MAJORS
CENTRE COURT
BELOW
CBA
APPIAN WAY
LADY CUTLER AVENUE
DAN MURPHY’S
STACEY STREET
CRUNCH
FITNESS
RICKARD ROAD
SPECIALTIES
ENTRANCES
Floor plan as at June 2016.
Vicinity Centres Direct Portfolio June 2016