Direct Portfolio December 2015 Disclaimer This Document Includes Information Regarding the Past Performance of Vicinity Centres’ Property Portfolio
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Shopping Centres Still an Inconvenient Truth (Revisited in 2019) Shopping Centres - Still an Inconvenient Truth (Revisited in 2019)
Shopping Centres still an Inconvenient Truth (Revisited In 2019) Shopping Centres - still an Inconvenient Truth (Revisited In 2019) By Peter Buckingham CFE CMC Managing Director – Spectrum Analysis Shopping Centres still an Inconvenient Truth (Revisited In 2019) Shopping Centres sàgll an By Peter Buckingham CFE CMC Managing Director – Spectrum Analysis Inconvenient Truth (Revisited In 2019) By Peter Buckingham CFE CMC Managing Director – Spectrum Analysis 1 Shopping Centres - still an Inconvenient Truth (Revisited In 2019) “How do shopping centre owners press for increases in rents of 4% How do shopping centre owners still press for increases in rents of 4% or or 5% p.a. when the increase in the $ / sq m. sold through the 5% pa. when the increase in the $ / sq m. sold through the Centres has Centres has been increasing in the range of 0.5% – 1.65% p.a. over been increasing in the range of -0.63% to 0.25% for Super, Major and the last few years?” Regional shopping centres over the last 2 years? – Peter Buckingham, Managing Director at Spectrum Analysis We have revisited the Property Council Shopping 2019 shows the state of shopping centres across Australia to be Centre data in 2019 and find things are far worse. deteriorating in $$$ performances against inflation – yet rents are expected to increase at much higher rates. Over the last 2 years, the group of the biggest shopping centres – 14 Super Regional shopping centres have: In 2017 we undertook a study of shopping centres and showed that although rents were increasing at around CPI plus 2 – 3% which equated 2 to around 4 – 5%, shopping centres were not growing at the same pace. -
MCT) and Light Rail Plan
DRAFT 59 Rail Futures Inc THE MELBOURNE RAIL PLAN Moving People in a City of 8 Million 25 May 2019 This paper has been prepared by Rail Futures Incorporated in the public interest. Rail Futures Inc is an independent non-partisan group formed to advocate cost effective rail and intermodal solutions for public transport and freight problems based on sound commercial, economic and social reasoning. Rail Futures members include experienced rail professionals, engineers, planners and economists. Melbourne Rail Plan 2019-2050, May 2019 Version 59 - DRAFT FOR COMMENT Rail Futures Institute 1 Foreword Melbourne once had one of the world’s best public transport systems. The forethought and planning of Victorians more than a century ago, and their capacity to value the welfare of Victorians of the future -us - as highly as their own, helped make Melbourne one of the world’s economically most productive and liveable cities. For the past few generations, myopia, carelessness and excessive valuation of the present over the future have been squandering that wonderful legacy. The economic and social life of this city will be deeply impaired by barriers to movement of people around the city unless chronic underinvestment over recent generations is remedied. The Melbourne Rail Plan 2019-50 demonstrates the way to correct the mistakes of recent generations, and that some contemporary Victorians are up to the challenge. The Report is comprehensive, creative and authoritative. It is an excellent foundation for rebuilding Melbourne to secure its position as one of the world’s most successful cities. Melbourne is growing more rapidly than any other large city in the developed world. -
Federation Centres Direct Shopping Centre Portfolio JUNE 2015 CONTENTS
Federation Centres Direct Shopping Centre Portfolio JUNE 2015 CONTENTS Page Federation Centres Direct Portfolio 03 Profi le of Federation Centres 04 Portfolio overview 05 Shopping centre portfolio 06 NSW/ACT 09 QLD 29 SA/NT 48 VIC/TAS 56 WA 86 Disclaimer This document includes information regarding the past performance of Federation Centres’ property portfolio. Past performance of the property portfolio should not be relied upon as being indicative of future performance. Any forward-looking statements included in this document are based on information available to Federation Centres as at the date of this document and are not representations, assurances, predictions or guarantees of future results, performance or achievements expressed or implied by the forward-looking statements. This document is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, fi nancial situation or needs of any particular investor. The Financial Report for the full year ended 30 June 2015, lodged with the Australian Stock Exchange (ASX) on 19 August 2015, has been reviewed by Ernst & Young. Certain fi nancial information contained within this document has been derived from the reviewed Emporium Melbourne, VIC Financial Report. Ernst & Young has not reviewed this document. 03 FEDERATION CENTRES DIRECT SHOPPING CENTRE PORTFOLIO JUNE 2015 Federation Centres Direct Portfolio as at 30 June 2015 OVER 88 8,800 $16.9 SHOPPING LEASES ACROSS CENTRES BILLION VALUED AT 3,700 ANNUAL $14.3 BILLION RETAILERS RETAIL SALES DARWIN 1 18 15 BRISBANE 6 PERTH 18 ADELAIDE 1 SYDNEY 27 ACT MELBOURNE National Office 2 HOBART Profi le of Federation Centres Federation Centres (ASX:FDC) (the Group) is one of Australia’s leading retail property groups with a fully integrated funds and asset management platform. -
2016 FINALISTS Advertising
2016 FINALISTS Advertising Fashion Intelligence Index Fashion Walk Hong Kong Owner: Hang Lung Properties Limited Management Company: Hang Lung Real Estate Agency Limited Embrace Your Everyday QV Melbourne Melbourne, Australia Owner: Dexus Property Group Pty Ltd, Victoria Square QV Investments Pty Ltd Management Company: Dexus Property Group Pty Ltd Siam Discovery : The Exploratorium Siam Discovery Bangkok, Thailand Owner /Management Company: Siam Piwat Co., Ltd SM Feb 30th SM Supermalls Pasay City, Philippines VR Bengaluru - Advertising VR Bengaluru Bengaluru, India Owner/Management Company: Virtuous Retail Business to Business Drive by Mirvac Mirvac Real Estate PTY LTD Sydney, Australia Handover Conference @ SM City Tianjin SM City Tianjin Tianjin, China Owner: SM Prime Holdings, Inc. Management Company: SM Shopping Center (Tianjin) Co. Ltd. SM Partner's Summit "BRICKS CLICK" * SM Prime Holdings Inc. Pasay City, Philippines Cause Related Marketing Ayala Malls Little Free Library Ayala Land Malls, Inc. Makati City, Philippines Nation-Leading Accessibility Program Bayfair Shopping Centre Mount Maunganui, New Zealand Owner: AMP Capital Shopping Centre Fund / Fisher Funds Management Company: AMP Capital Shopping Centres Make A Peninsula Pledge Bayside Shopping Centre Frankston, Australia Owner\ Management Company: Vicinity Centres Paws for Thought Dog Adoption Drive Botany Town Centre Auckland, New Zealand Owner: PSPIB Waiheke Ltd Management Company: AMP Capital Shopping Centres "Colouring • Caring for Alzheimer’s" Campaign Festival Walk -
Kaufland Stores in Victoria: Advisory Committee
Kaufland stores in Victoria: Advisory Committee Tranche 3 – Braybrook Proposal Statement of evidence of Anthony Dimasi 2 8 November 2019 Dimasi & Co Tony Dimasi [email protected] Table of contents Expert witness details 1 Introduction 3 1. Submissions received 4 2. Response to submissions 6 Appendix 1: Sunshine Marketplace trade area map 9 Appendix 2: Curriculum Vitae 12 Expert witness details Name and address of expert Mr Tony Dimasi Economic Consultant Dimasi & Co 12 Argent Court Riddells Creek VIC 3431 [email protected] Expert’s qualifications and experience • Bachelor of Arts (Hons.), University of Melbourne • Master of Arts, University of Melbourne My CV is included as Appendix 2 to this statement of evidence. I have extensive experience in the field of retail economics and analysis gained over the past 32 years, having provided independent advice on numerous retail development projects and proposals throughout all parts of Australia, to a broad range of clients. Expert’s area of expertise • I have practised as a consulting economic and retail analyst since 1982. During that time I have worked in all states of Australia and also in New Zealand and Asia, and have advised on many thousands of retail developments of all types and sizes. • My assessments have covered demand and supply analysis, commercial feasibility assessments and economic impact assessments, for many thousands of shopping centres of all sizes and mixes, as well as numerous freestanding retail stores, including supermarkets, discount department stores, toys category -
List of Independent Stockists
List of Independent Stockists: Find our glass range at: Selected Go Vita Stores, all Flannery’s stores, and Independent Health Food Stores. NSW Kingsgrove Hypnotherapy and Counselling 64 Shaw St, Kingsgrove NSW 2208 Santos Organics Mullumbimby 51-53 Burringbar St, Mullumbimby NSW 2482 Pottsville Health Food 3/5 Coronation Ave, Pottsville NSW 2489 Go Vita – Byron Bay NSW 2/69 Jonson St, Byron Bay NSW 2481 LifeLife Pharmacy - 31 Jonson St, Byron Bay NSW 2481 -Byron Bay Plaza, 4B & 5 Jonson St, Byron Bay NSW 2481 -Byron West Shopping Fair, 3/8 Bayshore Dr, Byron Bay NSW 2481 Chemist Outlet Byron Bay 51 Jonson St, Byron Bay NSW 2481 Rainbow Wholefoods 49 Terania St, North Lismore NSW 2480 Seed And Husk – Ballina Shop 6/68 Ballina Street, Lennox Head, 2478 Ballina Herbal Wisdom Holistic Centre 64 Byron St, Bangalow NSW 2479 Laneway Health and Lifestyle 47 Tweed Coast Rd, Cabarita Beach NSW 2489 Santos Organics 105 Jonson St, Byron Bay NSW 2481 Nimbin Emporium 58 Cullen Street, 0, Nimbin Emporium shop, 0, Front of retail shop, Nimbin NSW 2480 Go Vita Ballina Central 44 PACIFIC Hwy, Ballina NSW 2478 Healthy Life Wetherill Park Stockland Wetherill Park, 561-583 Polding Street, Wetherill Park, NSW, 2164, Australia The Bush Chemist 1/82 Murray St, Wagga Wagga NSW 2650 Health Nuts Kings Cross Centre, TG04/82-94 Darlinghurst Rd, Potts Point NSW 2011 Pure Organics Whole Food House 138 Tower St, Panania NSW 2213 Soul Pattinson Chemist Pitt Street Mall, 160 Pitt Street, Sydney NSW 2000 Bayside Natural Health Centre Double Bay – Sydney -
CFS Retail Property Trust (CFX)
CFS Retail Property Trust (CFX) Half-year results to 31 December 2011 21 February 2012 Angus McNaughton Managing Director, CFSGAM Property 1 Agenda • Overview • Highlights • Financial results • Capital management • Portfolio overview • Development update • Australian retail property market • Strategy • Summary and outlook • Questions 3 Overview CFS Retail Property Trust (CFX) Disciplined growth 4 2 Michael Gorman Fund Manager, CFS Retail Property Trust (CFX) Highlights 6.5¢ 2.9% 99.7% distribution per unit Growth in comparable1 portfolio occupancy retail specialty MAT2 2.7% 28.1% c.3% Average rental increase on Gearing Retail sales growth retail specialty store outlook retained re-leasing3 1. Comparable centres refer to those centres that are not undergoing or have not undergone substantial redevelopment in either period of comparison. 2. Moving Annual Turnover. 3. Renewals and replacements. 6 3 Financial results Highlights for the six months ended 31 December 2011 Key metrics Change Net profit $201.7 million -41.8% Distributable income1 $184.6 million 9.5% Net property income2 $278.5 million 11.1% Like-for-like net property income3 4.1% Distribution per unit of 6.5 cents 3.2% Total assets $8.7 billion 2.4% Net tangible asset backing (NTA) $2.06 per unit 0.5% Gearing4 at 31 December 2011 28.1% 1. Distributable income is a key financial measure used by management to assess the performance of the Trust. Distributable income equals profit excluding: net gains on revaluations of investment properties, associate and derivatives; the effect of straight-lining fixed rental increases; the movement in fair value of unrealised performance fees; non-cash convertible notes interest expense; adjustments for convertible notes buy-back expense; and adjustments for project and other items. -
Insight Australian Retail Market February 2014 Savills Research Australian Retail Market
February 2014 Savills Research Insight Insight Australian Retail Market February 2014 Savills Research Australian Retail Market Highlights In seasonally adjusted terms, national retail turnover growth was up 2.9 percent in the 12 months to November 2013. The rate of growth has fallen slightly from 3.2 percent in the year to November 2012. The retail sector faces both cyclical and structural issues. Some cyclical issues are starting to move in its favour. The level of retail construction is showing signs of recovery as capital conditions (both debt and equity) begin to thaw. Savills recorded $6.1 billion of retail property transactions nationally in the year to December 2013, up from $4 billion in the previous year. Institutions were the most active in the investment market for the year ended June 2013 purchasing 61 percent of all retail property sold. 02 February 2014 2013 Highlights during the global financial crisis. With the size of the workforce The Australian workforce has growing and more people coming In times of economic uncertainty grown by almost a million people into the country (and less leaving) retail property is largely regarded from 10.7 million to 11.6 million it is little wonder that a recovery as a defensive investment due from November 2007 to November in housing is underway. It may not to the large percentage of non- 2013. Over the past year we have feel like a boom, but it is starting. discretionary spending supporting shed jobs in Agriculture, Real Credit growth has been rising for income streams, such as food. Estate, Manufacturing, Mining and a year and prices for dwellings are Over the past 25 years, shopping IT. -
DFO Essendon
DFO Essendon 100 Bulla Road, Essendon Fields VIC 3041 Telephone +61 3 9937 7222, Facsimile +61 3 9937 7233 dfo.com.au/essendon DFO Essendon is a single-level outlet centre located approximately 11kms north-west of Melbourne’s CBD. The centre has more than 110 specialty stores including high-end fashion and global brands including Armani, Polo Ralph Lauren, Hugo Boss, Ted Baker, Oroton Factory, Coach and Adidas. Adjacent to DFO Essendon is the Essendon Homemaker Hub which brings together 20 lifestyle brands including JB Hi-Fi Home, Nick Scali, The Good Guys and Freedom Furniture. DFO Essendon is the premium outlet offering discerning customers looking for fashion and homewares at competitive prices. NN MelbourneMelbourne CBD CBD 11kms 11kms Sunbury DFO ESSENDON Craigieburn MARIBYRNONG SUNBURY CENTRAL SHOPPING CENTRE CRAIGIEBURN CENTRAL MELBOURNE Roxburgh Park Diggers Rest ST KILDA PACIFIC EPPING Lalor Plenty Broadmeadows BROADMEADOWS UNIVERSITY HILL SHOPPING CENTRE CAMPBELLFIELD Glenroy FawknerPLAZA WATERGARDENS Taylors Lakes Keilor Hadfield GREENSBOROUGH Tullamarine PLAZA CAROLINE Keilor Oak Park Downs Pascoe Coburg SPRINGS Vale North Eltham SQUARE DFO ESSENDON Pascoe Vale Preston St Albans South NORTHLAND Templestowe Essendon BRIMBANK Avondale MOONEE Thornbury Heights Aberfeldie Sunshine PONDS North Maribyrnong CENTRAL Ivanhoe STOCKLAND NORTHCOTE PLAZA THE PINES HIGHPOINT Ascot BARKLY SUNSHINE MARKETPLACE Vale Braybrook SHOPPING WESTFIELD PLAZA Footscray Kensington CENTRE West FOOTSCRAY PLAZA Melbourne Seddon Balwyn BRAND HARBOUR TOWN -
Sunshine Marketplace
SUNSHINE MARKETPLACE 80 Harvester Road, Sunshine VIC 3020 Telephone 03 9312 0566 sunshinemarketplace.com.au Sunshine Marketplace is a single level Sub Regional shopping centre located CONTACT approximately 14 kilometres west of the Melbourne CBD. It is anchored by Big W, Woolworths and Village Cinemas and includes more than 50 specialty stores. Taryn Yammouni Casual Mall Leasing Executive Mobile: 0419 984 794 [email protected] CENTRE STATISTICS KEY STATISTICS Centre Type Sub Regional 192,933 Annual Traffic (m) 5.9 PEOPLE IN TTA Gross lettable area (GLA) (sqm) 34,173 Total Tenants 70 $65,650 Majors1 Big W, Village Cinemas, Woolworths AVERAGE HOUSEHOLD INCOME Mini Majors2 Food Star, JB Hi-Fi, Priceline Pharmacy Number of specialty retailers3 51 34% Number of car spaces 1,741 FAMILIES WITH CHILDREN Moving annual turnover (MAT) ($m) 146.7 Green Star - Performance 4 Stars 35 AVERAGE AGE NABERS Energy Rating 4.5 Stars NABERS Water Rating 4.5 Stars 33% 1. Classified in accordance with SCCA guidelines, typically includes department stores, discount department stores, HOME OWNERSHIP supermarkets and cinemas. 2. Stores > 400 sqm, by Sales Group. 3. All sales reporting tenants under 400sqm, but excludes other retail such as travel agents, lotto and free standing pads 42% sites. Note: Some asset metrics have not been reported this period due to COVID-19 impacts. AUSTRALIAN BORN RESIDENTS Source: Produced by Vicinity Data Science & Insights. This material is a derivative of ABS Data that can be accessed from the website of the Australian Bureau of Statistics at www.abs.gov.au. TTA: Total Trade Area June 2020 VICINITY CENTRES CASUAL MALL LEASING PORTFOLIO BENEFITS OF CASUAL MALL LEASING Size (m) Weekly • Brand exposure Site No. -
Direct Portfolio Property Book June 2020 Contents Our Centres Play an Essential Role and We Take This Responsibility
Direct Portfolio Property Book June 2020 Contents Our centres play an essential role and we take this responsibility 03 About Vicinity Centres seriously to ensure that our 04 Direct Portfolio communities can continue to 06 Property Statistics access what they need or want 09 New South Wales (NSW) from our centres. 23 Queensland (QLD) 35 South Australia (SA) In response to COVID-19, we 41 Victoria (VIC) and Tasmania (TAS) have had a heightened focus on 65 Western Australia (WA) health and safety as well as the long-term success of Vicinity and our retailers. Disclaimer This document includes information regarding the past performance of Vicinity Centres’ property portfolio. Past performance of the property portfolio should not be relied upon as being indicative of future performance. Any forward-looking statements included in this document are based on information available to Vicinity Centres as at the date of this document and are not representations, assurances, predictions or guarantees of future results, performance or achievements expressed or implied by the forward-looking statements. Such statements involve known and unknown risks, uncertainties, assumptions and other factors, many of which are beyond the control of Vicinity Centres particularly in relation to the global COVID-19 pandemic. The actual results of Vicinity Centres may differ materially from the anticipated results, performance or achievements expressed, projected or implied by these forward-looking statements and you should not place undue reliance on such forward-looking statements which are provided as a general guide only. To the maximum extent permitted by law, responsibility for the accuracy or completeness of any forward-looking statements whether as a result of new information, future events or results or otherwise is disclaimed. -
FY20 Interim Results
FY20 interim results 19 February 2020 Vicinity Centres | FY20 interim results | 19 February 2020 Queen Victoria Building, NSW Welcome Agenda 3 FY20 interim results overview and FY20 guidance update 7 Financial results 11 Portfolio performance Grant Kelley Nicholas Schiffer Peter Huddle CEO AND MANAGING DIRECTOR CHIEF FINANCIAL OFFICER CHIEF OPERATING OFFICER 17 Development 23 Strategic growth initiatives 26 Summary 28 Appendices Carolyn Viney Justin Mills CHIEF DEVELOPMENT OFFICER CHIEF STRATEGY OFFICER Vicinity Centres | FY20 interim results | 19 February 2020 2 FY20 interim results overview and FY20 guidance update Grant Kelley CEO AND MANAGING DIRECTOR Vicinity Centres | FY20 interim results | 19 February 2020 QueensPlaza, QLD FY20 interim results summary Solid performance and delivery in subdued economic conditions Statutory net profit of $242.8m Funds from operations (FFO) of 8.95 cents per security reflecting 1.5% comparable growth1 Portfolio enhancement continues Acquisition of 50% interest in Uni Hill Factory Outlets for $68m, subject to ACCC approval2 Divested three non-core assets for $227m at 0.4% discount3 Completed Hotel Chadstone Melbourne, The Glen and Roselands Fresh Food developments Steady improvement in sales growth Specialty and mini majors MAT4 growth5 of 3.7%, up 60 bps compared to Jun-19 Specialty MAT/sqm of $11,403, up 2.9% compared to Jun-19 Balance sheet strengthened Issued €500m ($812m) of 10-year medium term notes (MTNs) and extended $1.7b of bank debt Conservative gearing maintained at 27.3% DFO South Wharf, VIC 6 Bought back 14.5m securities at 14.1% discount to Dec-19 NTA 1. Adjusted for the impact of divestments.