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Bayside Shopping Centre 2 Olsen Street, Frankston VIC 3199 Telephone +61 3 9771 1700, Fax +61 3 9781 1967 www.baysideshopping.com.au Bayside Shopping Centre is the largest shopping centre on the Mornington Peninsula, located in the heart of Frankston, 50kms south of Melbourne’s CBD. The centre is anchored by Myer, Coles, Target, Woolworths, Aldi, Toys ‘R’ Us, 14 mini majors and an extensive specialty mix of 228 retailers. A recent food court upgrade and an entertainment precinct anchored by Hoyts, makes Bayside a premier destination for fashion and food on the Peninsula. Trade Area Map MELBOURNE CBD 41kms WAVERLEY GARDENS WESTFIELD FOUNTAIN GATE BAYSIDE SC MORNINGTON CENTRAL ROSEBUD PLAZA TOTAL TRADE AREA SUPER REGIONAL SC MAJOR REGIONAL SC REGIONAL SC SUB REGIONAL SC Centre statistics Key statistics Centre type Major Regional Annual traffic (million) 11.8 195,191 Total GLA (sqm) 88,871 Residents in the MTA Total tenants 266 Majors* Aldi, Coles, Kmart, Myer, Target, Toys 'R' Us, Woolworths Mini Majors Best & Less, Country Road, Lincraft, JB Hi-Fi, My Chemist, $76,791 Ozmosis, Pets Domain, Rebel Sport, Average household income The Reject Shop, Trade Secret Number of specialty retailers 228 Number of car spaces 3,448 OVER Moving annual turnover (MAT)** ($m) 407.8 MAT/sqm – Total ($)*** 4,904 225 MAT/sqm – Specialty ($)*** 7,057 Specialty stores Centre statistics correct as at 31 December 2015 * Classified in accordance with SCCA guidelines, typically includes supermarkets, department stores and discount department stores. ** Total MAT includes all reporting tenancies and is inclusive of GST. Source: Census of Population and Housing 2006 and 2011, Australian *** MAT/sqm - Based on sales and area for all reporting tenants, non-retail tenants excluded Bureau of Statistics (ABS), Urbis. VICINITY CENTRES NATIONAL PORTFOLIO December 2015 MYER CHEMIST MYER MY LINCRAFT JB HI-FI REJECT SHOP PETS DOMAIN TRADE COLES SECRET LEVEL TWO GROUND LEVEL WOOLWORTHS ALDI MEZZ LEVEL MYER OSMOSIS COUNTRY ROAD BEST REBEL SPORT & LESS ‘R’ US TOYS KMART TARGET LEVEL ONE "BAYSIDE ENTERTAINMENT" ECCOQUI HOYTS STRIKE BOWLING MAJORS BAR MINI MAJORS GROOVE TRAIN SPECIALTIES GROUND LEVEL LEVEL ONE ENTRANCES For further information please contact: Vicinity Centres Lvl 28, 35 Collins St, Melbourne, VIC 3000 Telephone +61 3 9236 6300, Facsimile +61 3 9236 6301 VICINITY CENTRES NATIONAL PORTFOLIO December 2015.

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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.
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