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 | |
|---|
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