Orion Springfield Town Centre
Springfield, QLD
DESCRIPTION
Located in Brisbane's rapidly growing south-western corridor, the centre was opened in March 2007 and includes Woolworths, Big W and over 100 specialty stores. This town centre sets a new benchmark in environmentally sustainable initiatives. The centre has achieved a 6 Star GreenStar rating. Planning for future stages is underway.
SUMMARY INFORMATION | |
GRADE | Sub Regional |
OWNERSHIP | 100% MPT |
GLA | 32,651 sqm |
CARSPACES | 2,091 |
ACQUISITION DATE | Aug 02 |
LAST EXTERNAL VALUATION DATE | 31 Dec 10 |
VALUATION AT 31 DEC 11 | $129.0m |
VALUER | DIRECTORS VALUATION |
CAPITALISATION RATE | 6.75% |
DISCOUNT RATE | 9.25% |
CENTRE MAT | $179m |
SPECIALTY OCCUPANCY COST | 14.8% |
MAJOR TENANTS | NLA SQM | LEASE EXPIRY |
BIG W | 8,198 | Mar 27 |
WOOLWORTHS | 4,471 | Mar 27 |
LEASE EXPIRY PROFILE % AREA | |