CENTRO RETAIL AUSTRALIA AUGUST 2012 DIRECT SHOPPING CENTRE PORTFOLIO CONTENTS
SHOPPING CENTRE PORTFOLIO MAP 1
PORTFOLIO OVERVIEW 2
OPERATIONAL PERFORMANCE 3
SHOPPING CENTRE PORTFOLIO 4
ACT / NSW 6
QLD 28
NT / SA 46
VIC 56
WA 80
Disclaimer This document includes information regarding the past performance of the Centro Retail Australia 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 Centro Retail Australia 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 fi nancial report for the fi nancial year ended 30 June 2012, lodged with the ASX on 28 August 2012, has been audited by Ernst & Young. The IFRS fi nancial information contained within this document has been derived from the audited fi nancial report. Ernst & Young has not issued an audit opinion on this document.
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 01
SHOPPING CENTRE PORTFOLIO MAP AS AT 30 JUNE 2012
AUSTRALIAN SHOPPING CENTRES
DARWIN
BRISBANE
PERTH
ADELAIDE SYDNEY
MELBOURNE Corporate Office
HOBART
AUSTRALIAN NEW SOUTH QUEENSLAND NORTHERN SOUTH VICTORIA WESTERN CAPITAL TERRITORY WALES TERRITORY AUSTRALIA AUSTRALIA Regional Off ice: Regional Off ice: Regional Off ice: Regional Off ice: Regional Off ice: Regional Off ice: Sydney Brisbane Adelaide Adelaide Melbourne Perth 1 Shopping Centre 9 Shopping Centres 8 Shopping Centres 1 Shopping Centre 3 Shopping Centres 11 Shopping Centres 8 Shopping Centres
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 02
PORTFOLIO OVERVIEW
DIRECT SHOPPING CENTRE PORTFOLIO OVERVIEW STATE ANALYSIS
AS AT 30 JUNE 2012 CRF AS AT 30 NUMBER OF GLA GROSS RENT NOI (FY12) VALUE Centres 41 JUNE 2012 SHOPPING (FY12) ($M) ($M) ($M) CENTRES Annual Retail Sales (gross) $m $6,285.6 Western 8 202,064 79.5 59.8 886.1 No of Tenancies 3,665 Australia GLA (sqm) 1,099,156 Victoria 11 274,034 105.1 75.2 1,013.6 Portfolio Value $3.8 billion New South 10 350,967 112.9 82.9 1,113.0 Capitalisation Rate (weighted average) 7.39% Wales / ACT Queensland 8 146,569 53.7 36.9 486.9 SA / NT 4 125,522 35.1 25.8 304.7 ASSET TYPE ANALYSIS Total 41 1,099,156 386.3 280.6 3,804.3
TYPE NUMBER OF GLA GROSS RENT NOI (FY12) VALUE SHOPPING (FY12) ($M) ($M) ($M) CENTRES Regional 6 421,185 114.0 85.2 1,300.6 Sub Regional 26 599,366 246.8 177.4 2,274.1 Convenience 9 78,605 25.5 18.0 229.6 Total 41 1,099,156 386.3 280.6 3,804.3
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 03
OPERATIONAL PERFORMANCE
KEY OPERATIONAL METRICS SALES CATEGORY ANALYSIS – YEAR ENDED 30 JUNE 2012
AS AT 30 JUNE 2012 CRF CATEGORY MAT $M MAT CHANGE1 COMPOSITION Comparable NOI growth – Stabilised1 3.5% Supermarkets 2,315.7 1.4% 37% Occupancy Rate 99.5% DDS 916.3 -1.0% 15% Annual Retail Sales Growth (SCCA)2 0.9% Department Stores 186.9 -4.8% 3% Specialty Occupancy Cost3 14.6% Specialties 2394.4 0.0% 37% Specialty Rental Renewal Growth 4.0% Mini Majors 472.3 9.4% 8%
1 Based upon CRF ownership Total 6,285.6 0.9% 100.0%
2 Based upon 12 months of sales to June 2012 against prior corresponding period 1 Per SCCA Standards 3 Includes marketing levy and based on GST inclusive turnover
TOP 10 RETAILERS BY INCOME – 30 JUNE 2012 LEASE EXPIRY PROFILE Specialties and other retailers Majors
NAME INCOME % INCOME Woolworths 24.5 6.3% 23% FY13 Coles 20.9 5.4% 5%
Kmart 18.7 4.8% 15% Target 12.8 3.4% FY14 6% Big W 12.4 3.2% 14% Myer 6.2 1.6% FY15 10% Terry White 4.7 1.2% 17% The Reject Shop 4.3 1.1% FY16 Priceline 4.2 1.1% 9% Best & Less 3.3 0.9% 31% FY17+ Total 112.0 29.0% 70%
BLENDED LEASING SPREAD
SUMMARY NUMBER GROSS RENT ACHIEVED ($M) VARIANCE % Vacancies 126 12.5 -2.2% Renewals 479 51.9 4.0% Total 605 64.4 2.8%
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 04
SHOPPING CENTRE PORTFOLIO
Shopping Centre State Centre Type CRF Ownership CRF Share of Valuation ($m) Cap Rate GLA sqm Galleria WA Regional 50% 333.0 5.64% 73,224 Bankstown NSW Regional 50% 285.0 6.75% 85,749 The Glen VIC Regional 50% 207.4 6.00% 59,275 Roselands NSW Regional 50% 168.1 7.00% 61,481 Tuggeranong Hyperdome ACT Regional 50% 157.1 7.25% 75,896 Colonnades SA Regional 50% 150.0 7.25% 65,560 Mandurah WA Sub Regional 100% 248.5 7.25% 39,747 Toombul QLD Sub Regional 100% 212.7 8.00% 43,081 Karingal VIC Sub Regional 100% 182.0 7.25% 41,604 Warriewood NSW Sub Regional 100% 138.0 7.25% 22,141 Warwick WA Sub Regional 100% 128.0 7.75% 30,191 Cranbourne VIC Sub Regional 100% 124.0 7.50% 33,884 Nepean NSW Sub Regional 100% 107.5 7.50% 20,856 Box Hill South VIC Sub Regional 100% 105.0 8.00% 23,425 Arndale SA Sub Regional 100% 100.5 8.25% 40,150 Mildura VIC Sub Regional 100% 88.0 8.00% 20,172 Victoria Gardens Shopping Centre VIC Sub Regional 50% 87.8 7.00% 31,128 Taigum QLD Sub Regional 100% 77.7 7.75% 22,857 Tweed NSW Sub Regional 100% 76.0 8.25% 19,504 Box Hill North VIC Sub Regional 100% 61.0 8.00% 14,275 Lavington NSW Sub Regional 100% 59.0 8.00% 20,026 Mornington VIC Sub Regional 100% 55.0 7.50% 11,671 Karratha WA Sub Regional 50% 49.1 7.75% 23,852 Springwood QLD Sub Regional 100% 49.0 8.50% 14,846 Whitsunday QLD Sub Regional 100% 48.6 8.50% 22,299 Goulburn NSW Sub Regional 100% 48.5 8.75% 13,858 Wodonga VIC Sub Regional 100% 44.0 9.00% 17,587 Armidale NSW Sub Regional 100% 38.8 8.50% 14,691 Somerville VIC Sub Regional 100% 38.5 8.50% 16,521 Westside NSW Sub Regional 100% 35.0 9.50% 16,765 Buranda QLD Sub Regional 100% 34.3 7.75% 11,586 Mount Gambier SA Sub Regional 100% 29.0 9.25% 12,648 Warnbro WA Convenience 100% 51.3 7.75% 11,285 Halls Head WA Convenience 100% 28.0 8.00% 5,978 Albany WA Convenience 100% 26.8 8.50% 12,308 Lutwyche QLD Convenience 50% 26.0 8.75% 19,520 Katherine Oasis Shopping Centre NT Convenience 100% 25.2 9.25% 7,163 Victoria Park WA Convenience 100% 21.5 8.00% 5,480 Goldfi elds Plaza QLD Convenience 100% 20.7 9.00% 8,285 North Shore QLD Convenience 100% 18.0 8.00% 4,095 Warrnambool VIC Convenience 100% 12.1 8.75% 4,491 3,804.31 1,099,156
1 Includes land parcel at Keilor held by CRF valued at $8.8m
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 05
Occupancy MAT $m Sales psm Specialty Sales psm Specialty Occupancy Cost incl GST Portfolio weighting 99.5% 477.9 6,787 10,511 17.3% 8.8% 99.9% 434.0 5,873 7,590 18.9% 7.5% 99.9% 327.3 6,336 8,316 17.4% 5.5% 100.0% 289.3 4,975 8,126 18.1% 4.4% Under Development 261.8 Under Development Under Development Under Development 4.1% 97.9% 283.6 5,143 5,769 17.6% 4.0% 99.5% 369.4 9,874 9,920 12.6% 6.5% 99.6% 206.9 5,888 7,383 15.7% 5.6% 100.0% 223.7 5,815 6,896 13.7% 4.8% 99.8% 165.2 7,985 8,930 15.9% 3.6% 100.0% 199.5 7,846 7,453 12.9% 3.4% 99.7% 192.3 6,204 7,838 12.4% 3.3% 100.0% 189.9 9,585 8,690 11.2% 2.8% 99.3% 127.2 6,238 7,707 15.0% 2.8% 100.0% 167.6 5,223 6,712 15.9% 2.6% 100.0% 153.4 8,119 7,756 10.0% 2.3% 100.0% 157.3 5,077 7,812 14.5% 2.3% 100.0% 119.1 6,786 6,439 12.3% 2.0% 98.5% 101.0 5,884 6,104 15.1% 2.0% 100.0% 67.6 5,809 4,933 17.7% 1.6% 97.8% 116.8 7,021 7,281 11.7% 1.6% 100.0% 93.1 8,061 9,001 14.8% 1.4% 100.0% 257.4 11,177 10,773 8.4% 1.3% 99.7% 73.3 5,395 7,155 11.5% 1.3% 97.2% 98.3 6,240 8,326 8.7% 1.3% 100.0% 95.5 7,529 7,680 11.7% 1.3% 99.8% 93.6 5,422 5,941 12.5% 1.2% 98.2% 95.2 6,601 5,187 13.0% 1.0% 100.0% 66.0 4,562 5,126 11.7% 1.0% 100.0% 112.5 7,027 9,200 7.4% 0.9% 100.0% 68.7 7,625 7,210 13.0% 0.9% 96.7% 59.5 6,175 9,303 9.7% 0.8% 100.0% 110.7 10,395 8,116 12.5% 1.4% 100.0% 35.0 5,982 5,322 12.6% 0.7% 100.0% 53.6 10,495 4,612 9.2% 0.7% 98.7% 75.9 9,242 4,747 12.2% 0.7% 100.0% 77.4 11,418 8,956 9.5% 0.7% 100.0% 60.6 11,890 6,563 11.6% 0.6% 100.0% 47.3 6,163 6,291 8.6% 0.5% 100.0% 43.8 12,990 4,823 14.8% 0.5% 100.0% 37.5 9,266 6,660 6.9% 0.3% 6,285.6 100.0%
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 06
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 07
ACT / NSW
Australian Capital Territory Tuggeranong Hyperdome
New South Wales Centro Bankstown Centro Roselands Centro Armidale Centro Goulburn Centro Lavington Centro Nepean Centro Tweed Centro Warriewood Centro Westside
SYDNEY
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 08
TUGGERANONG HYPERDOME
OVERVIEW DEMOGRAPHICS
Tuggeranong Hyperdome is a major centre with four anchor retailers STATISTICS REFLECT MAIN TRADE AREA and a cinema precinct. The centre is currently under redevelopment Trade Area Population (estimated 2009) 90,445 with the existing department store space being reconfi gured for a Average Household Income $95,945 new Big W tenancy, mini major and specialty tenancies. Big W is expected to be open by December 2012. Average Age 33.2yrs Home ownership 78% Both Woolworths and Coles have undertaken refurbishments of their stores to the latest format and Kmart is due to undertake a Source: ABS Census of Population and Housing 2006, Duane Location IQ refurbishment shortly. Tuggeranong Hyperdome is managed by an external property manager.
PROFILE TENANT DISTRIBUTION BY GLA (%)
JUNE 2012 Supermarkets 15% Current Ownership 50% CRF / 50% JV Discount Department Stores 25% Centre type Regional Mini Majors 11% Location ACT Specialties 38% GLA (sq.m) 75,896 Non Retail 3% Major retailers Target, Kmart, Woolworths, Coles Other Retail 8% Specialty retailers 5 mini majors and 174 specialty shops Total 100% Number of car spaces 2,345
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent)1 314.2 FY13 30% Capitalisation Rate 7.25% FY14 10%
Valuation Date 30-Jun-12 FY15 19% MAT ($m) 261.8 FY16 14% Specialty occupancy costs2 Under Development FY17+ 27% Occupancy (by GLA) Under Development
Notes 1 Expressed on 100% basis 2 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 09
NOT TO SCALE
LOWER LEVEL UPPER LEVEL
THE REJECT SHOP
Under Development Under Development
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 10
CENTRO BANKSTOWN
OVERVIEW DEMOGRAPHICS
Centro Bankstown features six major retailers Myer, Target, Big W, STATISTICS REFLECT MAIN TRADE AREA Kmart, Woolworths and Franklins and over 300 specialty stores Trade Area Population (estimated 2009) 270,120 including a food court. The Centre is located in Bankstown, one Average Household Income $60,104 of Australia’s most densely populated trade areas. There is a train station opposite the Centre and buses arrive at the door providing Average Age 35.9yrs easy convenient access. Home ownership 66% The Centre’s last major redevelopment totalling $168 million was Source: ABS Census of Population and Housing 2006, Duane Location IQ completed in July 2008, adding Big W, Myer and 32 specialty shops and relocating Woolworths.
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 8% Current Ownership 50% CRF / 50% CMCS 28 Discount Department Stores 29% Centre Type Regional Department Stores 13% Location NSW Mini Majors 11% GLA (sq.m) 85,749 Specialties 32% Major Retailers Myer, Target, Kmart, Big W, Franklins, Woolworths Non Retail 6% Specialty Retailers 14 mini majors, 309 specialty shops Other Retail 1% and 3 freestanding shops Total 100% Number of Car Spaces 3,295
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent)1 570.0 FY13 35%
Capitalisation Rate 6.75% FY14 15% Valuation Date 30-Jun-12 FY15 16% MAT ($m) 434.0 FY16 18% Specialty occupancy costs2 18.9% FY17+ 16% Occupancy (by GLA) 99.9%
Notes 1 Expressed on 100% basis 2 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 11
NOT TO SCALE
LEVEL 1
LEVEL 2
KMART TYRE & AUTO
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 12
CENTRO ROSELANDS
OVERVIEW DEMOGRAPHICS
Centro Roselands is a fully enclosed, major regional centre anchored STATISTICS REFLECT MAIN TRADE AREA by a Myer, Target, Coles and Food for Less. Trade Area Population (estimated 2009) 296,720 The Centre is located in a densely populated inner metropolitan Average Household Income $66,279 region of Sydney, approximately 15 kilometres south-west of Average Age 37.5yrs Sydney’s CBD. Home ownership 69%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 11% Current Ownership 50% CRF / 50% CMCS 21 Discount Department Stores 13% Centre Type Regional Department Stores 39% Location NSW Mini Majors 10% GLA (sq.m) 61,481 Specialties 22% Major Retailers Myer, Target, Food For Less, Coles Non Retail 4% Specialty Retailers 7 mini majors, 157 specialty shops Other Retail 1% and 1 freestanding shop Total 100% Number of Car Spaces 3,600
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent)1 336.1 FY13 29%
Capitalisation Rate 7.00% FY14 12%
Valuation Date 30-Jun-12 FY15 21% MAT ($m) 289.3 FY16 15% Specialty occupancy costs2 18.1% FY17+ 23% Occupancy (by GLA) 100.0%
Notes 1 Expressed on 100% basis 2 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 13
NOT TO SCALE
LEVEL 1 LEVEL 2
FOOD 4 LESS BEST & LESS LINCRAFT
CP1 CP1
LEVEL 3
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 14
CENTRO ARMIDALE
OVERVIEW DEMOGRAPHICS
Centro Armidale is a fully enclosed sub regional shopping centre STATISTICS REFLECT MAIN TRADE AREA anchored by Woolworths, Big W and over 30 specialty stores. Trade Area Population (estimated 2009) 59,860 The Centre is located within the heart of Armidale and has over 600 Average Household Income $52,265 car park spaces available. Average Age 37.9yrs Home ownership 70%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 27% Current Ownership Centro Retail 100% Discount Department Stores 45% Centre Type Sub Regional Mini Majors 7% Location NSW Specialties 20% GLA (sq.m) 14,691 Other Retail 1% Major Retailers Big W, Woolworths Total 100% Specialty Retailers 2 mini majors and 33 specialty shops Number of Car Spaces 617
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 38.8 FY13 61%
Capitalisation Rate 8.5% FY14 6% Valuation Date 30-Jun-12 FY15 10% MAT ($m) 95.2 FY16 6% Specialty occupancy costs1 13.0% FY17+ 17% Occupancy (by GLA) 98.2%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 15
NOT TO SCALE
ARMIDALE
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 16
CENTRO GOULBURN
OVERVIEW DEMOGRAPHICS
Centro Goulburn is the only sub regional shopping centre in Goulburn STATISTICS REFLECT MAIN TRADE AREA and features Kmart, Coles and 50 specialty stores including a popular Trade Area Population (estimated 2009) 44,520 food court. The Centre is well supported by locals who enjoy the easy, Average Household Income $62,478 convenient shopping. Average Age 38.7yrs Home ownership 74%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 27% Current Ownership CRF Discount Department Stores 32% Centre type Sub Regional Mini Majors 7% Location NSW Specialties 30% GLA (sq.m) 13,858 Non Retail 3% Major retailers Kmart, Coles Other Retail 1% Specialty retailers 1 mini major, 50 specialty shops Total 100% and 1 freestanding shop Number of car spaces 452
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Directors) 48.5 FY13 6%
Capitalisation Rate 8.75% FY14 17% Valuation Date 30-Jun-12 FY15 22% MAT ($m) 95.5 FY16 25% Specialty occupancy costs1 11.7% FY17+ 30% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 17
NOT TO SCALE
AUBURN STREET
LIQUOR LAND
CENTRE MANAGEMENT ABOVE CLIFFORD STREET GOLDSMITH STREET
BEST & LESS
GANNON STREET GROUND LEVEL LOWER GROUND LEVEL
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 18
CENTRO LAVINGTON
OVERVIEW DEMOGRAPHICS
Centro Lavington is a sub regional centre with over 50 specialty shops STATISTICS REFLECT MAIN TRADE AREA and a dual supermarket off er with Woolworths and Aldi. It is also Trade Area Population (estimated 2009) 92,800 anchored by the only Big W in the region. Average Household Income $61,041 Average Age 36.2yrs Home ownership 68%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 25% Current Ownership CRF Discount Department Stores 39% Centre Type Sub Regional Mini Majors 9% Location NSW Specialties 19% GLA (sq.m) 20,026 Non Retail 8% Major Retailers Big W, Woolworths, Aldi Total 100% Specialty Retailers 3 mini majors and 53 specialty shops Number of Car Spaces 1,036
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Directors) 59.0 FY13 31%
Capitalisation Rate 8.00% FY14 7% Valuation Date 30-Jun-12 FY15 9% MAT ($m) 116.8 FY16 34% Specialty occupancy costs1 11.7% FY17+ 19% Occupancy (by GLA) 97.8%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 NOTES NOT TO SCALE WOOLWORTHS OFFICES & STAFFROOMS
PRUNE STREET MEZZANINE LEVELOFFICES BREEN STREET BEST &LESS STAFF ROOMS&STORE BIG WMEZZANINE Centro Retail Australia
GRIFFITH ROAD CENTRE GARDEN BIG W | Direct Shopping CentrePortfolio 2012 19 20
CENTRO NEPEAN
OVERVIEW DEMOGRAPHICS
Centro Nepean is a single level fully enclosed sub regional shopping STATISTICS REFLECT MAIN TRADE AREA centre anchored by Kmart that trades 24/7 and a recently refurbished Trade Area Population (estimated 2009) 265,030 Coles supermarket. Both stores consistently rank in the top tier for Average Household Income $74,977 sales Australia-wide for these retailers. Average Age 34.2yrs The Centre has a busy food court and is popular for fresh food and Home ownership 74% services. Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 21% Current Ownership CRF Discount Department Stores 41% Centre Type Sub Regional Mini Majors 5% Location NSW Specialties 26% GLA (sq.m) 20,856 Non Retail 4% Major Retailers Kmart, Coles Other Retail 3% Specialty Retailers 4 mini majors, 70 specialty shops Total 100% and 1 freestanding shop Number of Car Spaces 802
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Directors) 107.5 FY13 5% Capitalisation Rate 7.50% FY14 20%
Valuation Date 30-Jun-12 FY15 17% MAT ($m) 189.9 FY16 20% Specialty occupancy costs1 11.2% FY17+ 38% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 21
NOT TO SCALE
*The Centre also has additional external tenancies not included in the map.
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 22
CENTRO TWEED
OVERVIEW DEMOGRAPHICS
Centro Tweed is a fully enclosed sub regional centre, situated in STATISTICS REFLECT MAIN TRADE AREA the heart of Tweed Heads. The single level Centre features Coles Trade Area Population (estimated 2009) 99,070 and Target along with two mini majors and over 70 specialty stores. Average Household Income $51,866 In 2011, the Centre underwent a redevelopment, comprising the addition of a second mini major (Lincraft ) and a new food precinct. Average Age 42.8yrs Home ownership 70% The Centre also benefi ts from Woolworths, a seperately owned adjoining property that helps increase foot traff ic at Centro Tweed. Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 22% Current Ownership CRF Discount Department Stores 30% Centre Type Sub Regional Mini Majors 12% Location NSW Specialties 29% GLA (sq.m) 19,504 Non Retail 6% Major Retailers Target, Coles Other Retail 1% Specialty Retailers 2 mini majors and 74 specialty shops Total 100% Number of Car Spaces 997
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Directors) 76.0 FY13 30% Capitalisation Rate 8.25% FY14 13%
Valuation Date 30-Jun-12 FY15 17% MAT ($m) 101.0 FY16 20% Specialty occupancy costs1 15.1% FY17+ 20% Occupancy (by GLA) 98.5%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 23
NOT TO SCALE
WHARF STREET
Seperately owned
LINCRAFT
BAY STREET BAY
FRANCES STREET
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 24
CENTRO WARRIEWOOD
OVERVIEW DEMOGRAPHICS
Centro Warriewood is a single level fully enclosed sub regional STATISTICS REFLECT MAIN TRADE AREA shopping centre anchored by Kmart, Coles and Woolworths. The Trade Area Population (estimated 2009) 86,900 Centre serves a main trade area with a high average household Average Household Income $97,364 income and is located on Sydney’s northern beaches. Average Age 39.4yrs Home ownership 76%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 27% Current Ownership CRF Discount Department Stores 37% Centre type Sub Regional Specialties 30% Location NSW Non Retail 6% GLA (sq.m) 22,141 Total 100% Major retailers Kmart, Coles, Woolworths Specialty retailers 84 specialty shops and 1 freestanding shop Number of car spaces 1,080
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 138.0 FY13 23% Capitalisation Rate 7.25% FY14 15%
Valuation Date 30-Jun-12 FY15 21% MAT ($m) 165.2 FY16 13% Specialty occupancy costs1 15.9% FY17+ 28% Occupancy (by GLA) 99.8%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 25
NOT TO SCALE
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 26
CENTRO WESTSIDE
OVERVIEW DEMOGRAPHICS
Centro Westside is the only sub regional shopping centre in Broken STATISTICS REFLECT MAIN TRADE AREA Hill and off ers the only Big W, Woolworths and Dick Smith store in Trade Area Population (estimated 2009) 22,840 Broken Hill. Average Household Income $48,722 Broken Hill is the economic and cultural hub of the region and Average Age 40.5yrs the city is a thriving community on the edge of the New South Wales Home ownership 79% outback. Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 28% Current Ownership CRF Discount Department Stores 40% Centre Type Sub Regional Mini Majors 13% Location NSW Specialties 14% GLA (sq.m) 16,765 Non Retail 5% Major Retailers Big W, Woolworths Total 100% Specialty Retailers 4 mini majors, 22 specialty shops and 3 freestanding shops Number of Car Spaces 810
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 35.0 FY13 31%
Capitalisation Rate 9.50% FY14 7% Valuation Date 30-Jun-12 FY15 37% MAT ($m) 112.5 FY16 6% Specialty occupancy costs1 7.4% FY17+ 19% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 27
NOT TO SCALE
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 28
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 29
QLD
Queensland Centro Buranda Centro Springwood Centro Taigum Centro Toombul Centro Whitsunday Centro Lutwyche Centro North Shore Goldfi elds Plaza
BRISBANE
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 30
CENTRO BURANDA
OVERVIEW DEMOGRAPHICS
Centro Buranda is a sub regional shopping centre situated on STATISTICS REFLECT MAIN TRADE AREA Brisbane’s south side approximately fi ve kilometres from the Brisbane Trade Area Population (estimated 2009) 97,970 CBD. Anchored by Woolworths and Target, the Centre comprises four Average Household Income $75,051 levels with retail and car parking at ground level, an upper deck car park and two levels of commercial off ice suites. Average Age 36.8yrs Home ownership 52%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 26% Current Ownership CRF Discount Department Stores 35% Centre Type Sub Regional Specialties 16% Location QLD Non Retail 22% GLA (sq.m) 11,586 Other Retail 1% Major Retailers Target, Woolworths Total 100% Specialty Retailers 27 specialty shops Number of Car Spaces 604
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Directors) 34.3 FY13 30%
Capitalisation Rate 7.75% FY14 16%
Valuation Date 30-Jun-12 FY15 3% MAT ($m) 68.7 FY16 36% Specialty occupancy costs1 13.0% FY17+ 15% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 31
NOT TO SCALE
TOTTENHAM STREET CARL STREET CARL STREET
CARL STREET CORNWALL STREET CARL STREET
LEVEL 3 LEVEL 2 CORNWALL STREET CORNWALL TOTTENHHAM STREET CORNWALL STREET CORNWALL TOTTENHHAM STREET
Buranda QLD Australia - Revised July 2009 - Copyright Centro Properties Group 2009
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 32
CENTRO SPRINGWOOD
OVERVIEW DEMOGRAPHICS
Located 23 kilometres south-east of the Brisbane CBD off the Pacifi c STATISTICS REFLECT MAIN TRADE AREA Motorway, Centro Springwood is a well established sub regional Trade Area Population (estimated 2009) 74,540 shopping centre. Anchored by Woolworths and Target, the Centre Average Household Income $65,765 comprises over 45 specialty stores providing convenient shopping over a single level with both open air and undercover car parking. Average Age 34.4yrs Home ownership 66%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 22% Current Ownership CRF Discount Department Stores 42% Centre Type Sub Regional Mini Majors 7% Location QLD Specialties 18% GLA (sq.m) 14,846 Non Retail 9% Major Retailers Target, Woolworths Other Retail 2% Specialty Retailers 1 mini major, 49 specialty shops Total 100% and 3 freestanding shops Number of Car Spaces 962
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 49.0 FY13 39%
Capitalisation Rate 8.50% FY14 13% Valuation Date 30-Jun-12 FY15 12% MAT ($m) 73.3 FY16 13% Specialty occupancy costs1 11.5% FY17+ 23% Occupancy (by GLA) 99.7%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 33
NOT TO SCALE
SPRINGWOOD SHOPPING STRIP Centro Springwood, QLD Australia - Revised July 2009 - Copyright Centro Properties Group 2009
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 34
CENTRO TAIGUM
OVERVIEW DEMOGRAPHICS
Centro Taigum is a fully enclosed sub regional shopping centre located STATISTICS REFLECT MAIN TRADE AREA in the Northern Suburbs of Brisbane, comprising a Woolworths, Big W, Trade Area Population (estimated 2009) 124,570 Best and Less and 65 specialty stores. Average Household Income $69,639 The Centre benefi ts from a strong catchment area with circa 125,000 residents. Average Age 38.8yrs Home ownership 74%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 16% Current Ownership CRF Discount Department Stores 29% Centre type Sub Regional Mini Majors 8% Location QLD Specialties 25% GLA (sq.m) 22,857 Non Retail 22% Major retailers Big W, Woolworths Total 100% Specialty retailers 4 mini majors, 68 specialty shops and 5 freestanding shops Number of car spaces 1,084
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 77.7 FY13 16%
Capitalisation Rate 7.75% FY14 19% Valuation Date 30-Jun-12 FY15 8% MAT ($m) 119.1 FY16 14% Specialty occupancy costs1 12.3% FY17+ 43% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 35
NOT TO SCALE
PAD SITES
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 36
CENTRO TOOMBUL
OVERVIEW DEMOGRAPHICS
Centro Toombul is situated in an established residential locality. STATISTICS REFLECT MAIN TRADE AREA The Centre is anchored by Coles, Aldi, BiLo, Target and Kmart. Trade Area Population (estimated 2009) 96,950 Recent repositioning at the Centre has seen the introduction of Average Household Income $74,612 Target, a fi ve tenancy foodcourt and an expanded and refurbished Average Age 38.0yrs Coles tenancy. A brand new eight screen cinema opened in Home ownership 62% August 2012. Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 19% Current Ownership CRF Discount Department Stores 31% Centre Type Sub Regional Mini Majors 14% Location QLD Specialties 22% GLA (sq.m) 43,081 Non Retail 8% Major Retailers Target, Kmart, Aldi Supermarket, Bi Lo, Coles Other Retail 6% Specialty Retailers 10 mini majors and 127 specialty shops Total 100% Number of Car Spaces 1,582
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 212.7 FY13 25%
Capitalisation Rate 8.00% FY14 17%
Valuation Date 30-Jun-12 FY15 11% MAT ($m) 206.9 FY16 14% Specialty occupancy costs1 15.7% FY17+ 33% Occupancy (by GLA) 99.6%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 37
NOT TO SCALE
GRACE STREET
KREUTZER STREET WIDDOP STREET Tyre & Auto Service TOOMBUL MASEFIELD STREET LINCRAFT
MASEFIELD STREET SANDGATE STREET SANDGATE WIDDOP STREET
Toombul QLD Australia - Revised Oct 2007 - Copyright Centro Properties Group 2007
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 38
CENTRO WHITSUNDAY
OVERVIEW DEMOGRAPHICS
Centro Whitsunday is a sub regional shopping centre located at STATISTICS REFLECT MAIN TRADE AREA Cannonvale in the Whitsunday region of Queensland. The Centre is Trade Area Population (estimated 2009) 29,730 anchored by Woolworths, Big W and Harvey Norman. Average Household Income $61,420 The Centre benefi ts from a loyal customer base, and exposure to the Average Age 37.7yrs regional tourism industry. Home ownership 64%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 15% Current Ownership CRF Discount Department Stores 24% Centre Type Sub Regional Department Stores 8% Location QLD Mini Majors 14% GLA (sq.m) 22,299 Specialties 11% Major Retailers Harvey Norman, Big W, Woolworths Non Retail 27% Specialty Retailers 1 mini major, 29 specialty shop Other Retail 1% and 10 freestanding shops Total 100% Number of Car Spaces 1,149
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Directors) 48.6 FY13 13%
Capitalisation Rate 8.50% FY14 28%
Valuation Date 30-Jun-12 FY15 13% MAT ($m) 98.3 FY16 18% Specialty occupancy costs1 8.7% FY17+ 28% Occupancy (by GLA) 97.2%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 39 Direct Shopping Centre Portfolio 2012 Direct Shopping Centre Portfolio
PALUMA ROAD | Centro Retail Australia Australia Retail Centro
GALBRAITH PARK DRIVE
PROSERPINE SHUTE HARBOUR ROAD NOTES NOT TO SCALE TO NOT 40
CENTRO LUTWYCHE
OVERVIEW DEMOGRAPHICS
Centro Lutwyche is a convenience based shopping centre located STATISTICS REFLECT MAIN TRADE AREA on Brisbane’s north side approximately fi ve kilometres from the Trade Area Population (estimated 2009) 34,440 Brisbane CBD. Anchored by Coles and Aldi, it comprises two levels Average Household Income $80,571 of convenient undercover parking and a commercial off ice suites precinct. Average Age 36.5yrs Home ownership 56% The Centre is situated on Lutwyche Road, which is the main route connecting the Brisbane CBD with the northern suburbs Source: ABS Census of Population and Housing 2006, Duane Location IQ of Brisbane.
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 28% Current Ownership 50% CRF / 50% CMCS 33 Mini Majors 2% Centre Type Convenience Specialties 20% Location QLD Non Retail 50% GLA (sq.m) 19,520 Total 100% Major Retailers Aldi Supermarket, Coles Specialty Retailers 2 mini majors, 47 specialty shops and 4 freestanding shops Number of Car Spaces 812
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent)1 52.0 FY13 43% Capitalisation Rate 8.75% FY14 10%
Valuation Date 30-Jun-12 FY15 23% MAT ($m) 75.9 FY16 12% Specialty occupancy costs2 12.2% FY17+ 12% Occupancy (by GLA) 98.7%
Notes 1 Expressed on 100% basis 2 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 41
NOT TO SCALE
CHALK STREET
CHALK STREET
CHALK STREET LUTWYCHE STREET LUTWYCHE STREET
LOWERSON STREET LOWERSON STREET
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 42
CENTRO NORTH SHORE
OVERVIEW DEMOGRAPHICS
Centro North Shore is an open plan convenience centre anchored by STATISTICS REFLECT MAIN TRADE AREA a Coles supermarket with 13 specialty shops. Trade Area Population (estimated 2009) 24,450 The Centre is located on the Sunshine Coast in Queensland, servicing Average Household Income $61,632 the Pacifi c Paradise local and tourist market. Average Age 37.3yrs Home ownership 70%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 62% Current Ownership CRF Specialties 20% Centre type Convenience Non Retail 18% Location QLD Total 100% GLA (sq.m) 4,095 Major retailers Coles Specialty retailers 13 specialty shops and 2 freestanding shops Number of car spaces 274
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 18.0 FY13 42%
Capitalisation Rate 8.00% FY14 29%
Valuation Date 30-Jun-12 FY15 10% MAT ($m) 43.8 FY16 13% Specialty occupancy costs1 14.8% FY17+ 6% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 43
NOT TO SCALE
TADPOLES CHILDCARE CENTRE
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 44
GOLDFIELDS PLAZA
OVERVIEW DEMOGRAPHICS
Goldfi elds Plaza is located in Gympie, approximately two hours north STATISTICS REFLECT MAIN TRADE AREA of Brisbane. The single level Centre is anchored by Coles and Target Trade Area Population (estimated 2009) 42,030 Country and off ers 20 specialty retailers. Included in the specialty off er Average Household Income $47,906 is the only RACQ branch and Suncorp Bank in the area. Average Age 39.4yrs Home ownership 76%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 55% Current Ownership CRF Mini Majors 23% Centre Type Convenience Specialties 17% Location QLD Non Retail 5% GLA (sq.m) 8,285 Total 100% Major Retailers Coles Specialty Retailers 1 mini major and 21 specialty shops Number of Car Spaces 432
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 20.7 FY13 3%
Capitalisation Rate 9.00% FY14 17% Valuation Date 30-Jun-12 FY15 29% MAT ($m) 47.3 FY16 13% Specialty occupancy costs1 8.6% FY17+ 38% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 45
NOT TO SCALE
O’CONNELL STREET
CAR PARK
CAR PARK MONKLAND STREET
COUNTRY
NASH STREET
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 46
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 47
NT / SA
Northern Territory Katherine Oasis Shopping Centre
South Australia Centro Colonnades Centro Arndale Centro Mount Gambier
DARWIN
ADELAIDE
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 48
KATHERINE OASIS SHOPPING CENTRE
OVERVIEW DEMOGRAPHICS
Katherine Oasis is a convenience based shopping centre servicing STATISTICS REFLECT MAIN TRADE AREA the residents of Katherine. The Centre also provides the only full Trade Area Population (estimated 2009) 12,210 line supermarket in the region, anchored by Woolworths and Target Average Household Income $67,214 Country. Average Age 30.8yrs Katherine is the fourth largest township in the Northern Territory, Home ownership 43% located 316 kilometres south east of Darwin and is also home to the RAAF base Tindal, around 15 kilometers south of Katherine. Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 63% Current Ownership CRF Mini Majors 14% Centre Type Convenience Specialties 21% Location NT Non Retail 2% GLA (sq.m) 7,163 Total 100% Major Retailers Woolworths Specialty Retailers 1 mini major and 17 specialty shops Number of Car Spaces 154
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 25.2 FY13 75%
Capitalisation Rate 9.25% FY14 9% Valuation Date 30-Jun-12 FY15 3% MAT ($m) 77.4 FY16 5% Specialty occupancy costs1 9.5% FY17+ 8% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 49
NOT TO SCALE
KA
TARGET COUNTRY SIDE ROAD LINDSAY STREET
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 50
CENTRO COLONNADES
OVERVIEW DEMOGRAPHICS
Centro Colonnades is one of the largest regional shopping centres in STATISTICS REFLECT MAIN TRADE AREA South Australia, conveniently located in the heart of Noarlunga town Trade Area Population (estimated 2009) 140,400 centre which includes a TAFE College, City of Onkaparinga Council Average Household Income $55,534 and Hospital. Centro Colonnades accommodates fi ve major retailers and over 170 specialty stores and services, off ering a convenient, Average Age 37.0yrs fresh, modern shopping destination. Home ownership 77% Centro Colonnades is located 35 kilometres south of the Source: ABS Census of Population and Housing 2006, Duane Location IQ Adelaide CBD.
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Current Ownership 50% CRF / 50% JV Supermarkets 13% Discount Department Stores 26% Centre Type Regional Department Stores 7% Location SA Mini Majors 17% GLA (sq.m) 65,560 Specialties 25% Major Retailers Myer, Kmart, Big W, Woolworths, Coles Non Retail 11% Specialty Retailers 11 mini majors, 174 specialty shops Other Retail 1% and 7 freestanding shops Total 100% Number of Car Spaces 3,500
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Directors)1 300.0 FY13 30%
Capitalisation Rate 7.25% FY14 17% Valuation Date 30-Jun-12 FY15 12% MAT ($m) 283.6 FY16 12% Specialty occupancy costs2 17.6% FY17+ 29% Occupancy (by GLA) 97.9%
Notes 1 Expressed on 100% basis 2 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 51
NOT TO SCALE
RED ROOSTER
COLONNADES TAVERN COMMONWEALTH HOUSE (ECOFO)
STONEHAM CHAMBERS (ECOPO)
WOOLWORTHS PETROL
DAN MURPHY’S
RADIO Tyre & Auto Service RENTALS
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 52
CENTRO ARNDALE
OVERVIEW DEMOGRAPHICS
Centro Arndale is a fully enclosed sub regional shopping centre STATISTICS REFLECT MAIN TRADE AREA anchored by Coles, Woolworths, Big W and Harris Scarfe. Centro Trade Area Population (estimated 2009) 95,140 Arndale is positioned at the busy intersection of Torrens and Hanson Average Household Income $50,123 Roads, eight kilometres north west of the CBD. Average Age 39.3yrs Westwood, recognised as one of Australia’s largest urban renewal Home ownership 63% project to date with 5,000 new homes built, is located in close proximity to Centro Arndale. Source: ABS Census of Population and Housing 2006, Duane Location IQ Centro Arndale is currently under redevelopment. The redevelopment includes an expansion and refurbishment of the existing Big W and Woolworth tenancies, addition of specialty stores and upgrade of malls and centre amenities.
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 17% Current Ownership CRF Discount Department Stores 37% Centre type Sub Regional Mini Majors 8% Location SA Specialties 22% GLA (sq.m) 40,150 Non Retail 4% Major retailers Harris Scarfe, Big W, Woolworths, Coles Other Retail 12% Specialty retailers 3 mini majors, 90 specialty shops Total 100% and 4 freestanding shops Number of car spaces 2,250
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Directors) 100.5 FY13 20%
Capitalisation Rate 8.25% FY14 15% Valuation Date 30-Jun-12 FY15 8% MAT ($m) 167.6 FY16 28% Specialty occupancy costs1 15.9% FY17+ 29% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 NOTES NOT TO SCALE
FIRST AVENUE
BLACKBURN COURT GRAY STREET HANSON ROAD
ARNDALE STREET
Centro Retail Australia | ROAD REGENCY Direct Shopping CentrePortfolio 2012 Rooster Red 53 54
CENTRO MOUNT GAMBIER
OVERVIEW DEMOGRAPHICS
Centro Mount Gambier is anchored by a Kmart discount department STATISTICS REFLECT MAIN TRADE AREA store and over 35 specialties. Centro Mount Gambier specialty Trade Area Population (estimated 2009) 66,140 mix comprises a signifi cant number of national retailers including Average Household Income $57,105 Witchery, Lorna Jane, Flight Centre, Just Jeans, Jeans West and Diva. Best and Less will open in the near future. Average Age 38.1yrs Home ownership 74%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Discount Department Stores 61% Current Ownership CRF Mini Majors 6% Centre Type Sub Regional Specialties 32% Location SA Other Retail 1% GLA (sq.m) 12,648 Total 100% Major Retailers Kmart Specialty Retailers 2 mini majors and 37 specialty shops Number of Car Spaces 541
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 29.0 FY13 31% Capitalisation Rate 9.25% FY14 6%
Valuation Date 30-Jun-12 FY15 6% MAT ($m) 59.5 FY16 20% Specialty occupancy costs1 9.7% FY17+ 37% Occupancy (by GLA) 96.7%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 55
NOT TO SCALE
HELEN STREET ELIZABETH STREET SOUTH Tyre & Auto Service & Tyre GRAY STREET
RAILWAY TERRACE
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 56
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 57
VIC
Victoria Centro The Glen Centro Box Hill North Centro Box Hill South Centro Cranbourne Centro Karingal Centro Mildura Centro Mornington Centro Somerville Centro Wodonga Victoria Gardens Shopping Centre Centro Warrnambool
MELBOURNE
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 58
CENTRO THE GLEN
OVERVIEW DEMOGRAPHICS
Centro The Glen is a regional shopping centre located in the STATISTICS REFLECT MAIN TRADE AREA suburb of Glen Waverley, approximately 20 kilometres south east of Trade Area Population (estimated 2009) 154,000 Melbourne. The Centre is anchored by David Jones, Target, Coles Average Household Income $82,177 and Woolworths and has over 170 specialty stores. Centro The Glen benefi ts from a substantial catchment area which comprises above Average Age 40.4yrs average household income. Home ownership 84% Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 13% Current Ownership 50% CRF / 50% JV Discount Department Stores 13% Centre Type Regional Department Stores 26% Location VIC Mini Majors 11% GLA (sq.m) 59,275 Specialties 24% Major Retailers David Jones, Target, Coles, Woolworths Non Retail 12% Specialty Retailers 10 mini majors, 178 specialty shops Other Retail 1% and 2 freestanding shops Total 100% Number of Car Spaces 3,100
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Director)1 414.9 FY13 19%
Capitalisation Rate 6.00% FY14 14%
Valuation Date 30-Jun-12 FY15 14% MAT ($m) 327.3 FY16 16% Specialty occupancy costs2 17.4% FY17+ 37% Occupancy (by GLA) 99.9%
Notes 1 Expressed on 100% basis 2 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 59
NOT TO SCALE
GROUND FLOOR
FIRST FLOOR
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 60
CENTRO BOX HILL NORTH
OVERVIEW DEMOGRAPHICS
Centro Box Hill North is a fully enclosed sub regional shopping centre STATISTICS REFLECT MAIN TRADE AREA situated over two levels located in Box Hill. The Centre is adjacent to Trade Area Population (estimated 2009) 65,340 Centro Box Hill South and is anchored by Coles and Harris Scarfe. Average Household Income $80,024 The Centre services the trade area’s multicultural demographic. Average Age 38.9yrs Home ownership 74%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Discount Department Stores 18% Current Ownership CRF Mini Majors 7% Centre Type Sub Regional Specialties 34% Location VIC Non Retail 17% GLA (sq.m) 14,275 Supermarkets 23% Major Retailers Harris Scarfe, Coles Other Retail 1% Specialty Retailers 2 mini majors and 67 specialty shops Total 100% Number of Car Spaces 901
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 61.0 FY13 28% Capitalisation Rate 8.00% FY14 20%
Valuation Date 30-Jun-12 FY15 12% MAT ($m) 67.6 FY16 18% Specialty occupancy costs1 17.7% FY17+ 22% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 61
NOT TO SCALE
UPPER LEVEL WHITEHORSE ROAD ELGAR ROAD
DINERS LIFE
PROFESSIONAL SUITS GROUND & MEZZANINE LEVEL WHITEHORSE ROAD ELGAR ROAD
HARRIS SCARFE MARKET STREET
FRESH LIFE
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 62
CENTRO BOX HILL SOUTH
OVERVIEW DEMOGRAPHICS
Centro Box Hill South is a sub regional shopping centre located in STATISTICS REFLECT MAIN TRADE AREA Box Hill above the Box Hill train station and is anchored by Big W and Trade Area Population (estimated 2009) 65,340 Woolworths. It has an expansive fresh food precinct, with a strong Average Household Income $80,024 Asian focus which draws customers from outside the trade area. Average Age 38.9yrs The Centre is located adjacent to Centro Box Hill North. The Centre Home ownership 74% was recently redeveloped to include Big W and a refurbished Woolworths supermarket. Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 16% Current Ownership CRF Discount Department Stores 35% Centre type Sub Regional Mini Majors 5% Location VIC Specialties 35% GLA (sq.m) 23,425 Non Retail 9% Major retailers Big W, Woolworths Total 100% Specialty retailers 2 mini majors and 106 specialty shops Number of car spaces 1,516
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 105.0 FY13 20% Capitalisation Rate 8.00% FY14 16%
Valuation Date 30-Jun-12 FY15 15% MAT ($m) 127.2 FY16 17% Specialty occupancy costs1 15.0% FY17+ 32% Occupancy (by GLA) 99.3%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 63
NOT TO SCALE
MAIN STREET PEDESTRIAN MALL STATION STREET STATION
CARRINGTON ROAD
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 64
CENTRO CRANBOURNE
OVERVIEW DEMOGRAPHICS
Centro Cranbourne is a fully enclosed single level sub regional STATISTICS REFLECT MAIN TRADE AREA shopping centre located in Cranbourne, south east of Melbourne. The Trade Area Population (estimated 2009) 123,350 Centre is anchored by Woolworths, Coles, Kmart and Harris Scarfe, Average Household Income $66,802 and over 80 specialty stores, which includes a high proportion of national retailers. The Centre has a strong community profi le. Average Age 32.2yrs Home ownership 82%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 22% Current Ownership CRF Discount Department Stores 37% Centre Type Sub Regional Mini Majors 9% Location VIC Specialties 23% GLA (sq.m) 33,884 Non Retail 8% Major Retailers Kmart, Woolworths, Coles, Harris Scarfe Other Retail 1% Specialty Retailers 5 mini majors, 87 specialty shops Total 100% and 3 freestanding shops Number of Car Spaces 1,587
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 124.0 FY13 21%
Capitalisation Rate 7.50% FY14 16%
Valuation Date 30-Jun-12 FY15 11% MAT ($m) 192.3 FY16 20% Specialty occupancy costs1 12.4% FY17+ 32% Occupancy (by GLA) 99.7%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 65
NOT TO SCALE
HIGH STREET
BP PETROL STATION
RED ROOSTER SOUTH CARPARK
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 66
CENTRO KARINGAL
OVERVIEW DEMOGRAPHICS
Centro Karingal is an enclosed single level sub regional shopping STATISTICS REFLECT MAIN TRADE AREA centre located approximately four kilometres east of Frankston on Trade Area Population (estimated 2009) 135,410 Melbourne’s Mornington Peninsula. Average Household Income $61,208 The Centre is anchored by Big W, two Woolworths supermarkets, and Average Age 36.9yrs mini-majors Best & Less, Dick Smith and The Reject Shop. The Centre Home ownership 75% also includes a separate entertainment precinct anchored by Village Cinemas with a strong restaurant off er which is popular with the Source: ABS Census of Population and Housing 2006, Duane Location IQ growing local population.
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 19% Current Ownership CRF Discount Department Stores 19% Centre Type Sub Regional Mini Majors 11% Location VIC Specialties 27% GLA (sq.m) 41,604 Non Retail 5% Major Retailers Big W, Woolworths (x2) Other Retail 19% Specialty Retailers 6 mini majors, 119 specialty shops Total 100% and 4 freestanding shops Number of Car Spaces 2,380
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 182.0 FY13 21%
Capitalisation Rate 7.25% FY14 17%
Valuation Date 30-Jun-12 FY15 8% MAT ($m) 223.7 FY16 15% Specialty occupancy costs1 13.7% FY17+ 39% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 67
NOT TO SCALE
Star Zone
Priceline
The Reject :(-,>(@ Shop 7,;963 CRANBOURNE ROAD Fenix 73<:
4(.0* /(5+: *(9>(:/
9,+
966:;,9
46)03 8<0? KARINGAL DRIVE
/<5.(9@ 1(*2:
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 68
CENTRO MILDURA
OVERVIEW DEMOGRAPHICS
Centro Mildura is the only enclosed shopping centre within the STATISTICS REFLECT MAIN TRADE AREA Sunraysia and Riverland district, and is anchored by Woolworths and Trade Area Population (estimated 2009) 56,857 Target with over 70 specialty shops. Average Household Income $53,189 The Centre has benefi ted from the inclusion of a JB Hi-Fi store in the Average Age 37.2yrs last 12 months. Home ownership 71%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 17% Current Ownership CRF Discount Department Stores 36% Centre Type Sub Regional Mini Majors 3% Location VIC Specialties 39% GLA (sq.m) 20,172 Non Retail 4% Major Retailers Target, Woolworths Other Retail 1% Specialty Retailers 2 mini majors, 73 specialty shops Total 100% and 1 freestanding shop Number of Car Spaces 1,044
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Directors) 88.0 FY13 25%
Capitalisation Rate 8.00% FY14 7% Valuation Date 30-Jun-12 FY15 12% MAT ($m) 153.4 FY16 27% Specialty occupancy costs1 10.0% FY17+ 29% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 69
NOT TO SCALE
JB HiFi
NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012 70
CENTRO MORNINGTON
OVERVIEW DEMOGRAPHICS
Centro Mornington is a sub-regional, single level shopping centre STATISTICS REFLECT MAIN TRADE AREA located on the Mornington Peninsula, 72 kilometres south of Trade Area Population (estimated 2009) 66,160 Melbourne’s CBD. It has 35 specialty retailers and is anchored by Average Household Income $70,784 Coles and Target. The Centre’s catchment area enjoys growth in population and is supported by a strong tourist customer base. Average Age 41.1yrs Home ownership 82%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 28% Current Ownership CRF Discount Department Stores 47% Centre type Sub Regional Specialties 24% Location VIC Other Retail 1% GLA (sq.m) 11,671 Total 100% Major retailers Target, Coles Specialty retailers 35 specialty shops Number of car spaces 500
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Directors) 55.0 FY13 20% Capitalisation Rate 7.50% FY14 10%
Valuation Date 30-Jun-12 FY15 10% MAT ($m) 93.1 FY16 14% Specialty occupancy costs1 14.8% FY17+ 46% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
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GORDON STREET ROSS STREET BARKLY STREET BARKLY
RAILWAY GROVE
NOTES
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CENTRO SOMERVILLE
OVERVIEW DEMOGRAPHICS
Centro Somerville is a recently built sub-regional shopping centre STATISTICS REFLECT MAIN TRADE AREA located in the south eastern growth corridor of Melbourne. The Trade Area Population (estimated 2009) 44,940 Centre is anchored by Target and Coles and includes four mini Average Household Income $65,686 majors, McDonalds and over 25 specialty stores. Average Age 36.5yrs Home ownership 81%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 23% Current Ownership CRF Discount Department Stores 32% Centre Type Sub Regional Mini Majors 23% Location VIC Specialties 13% GLA (sq.m) 16,521 Non Retail 9% Major Retailers Target, Coles Total 100% Specialty Retailers 4 mini majors, 28 specialty shops and 1 freestanding shop Number of Car Spaces 764
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 38.5 FY13 4%
Capitalisation Rate 8.50% FY14 37% Valuation Date 30-Jun-12 FY15 7% MAT ($m) 66.0 FY16 32% Specialty occupancy costs1 11.7% FY17+ 20% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
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FIRST FLOOR
McDONALDS
NOTES
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CENTRO WODONGA
OVERVIEW DEMOGRAPHICS
Centro Wodonga is a single level sub regional shopping centre STATISTICS REFLECT MAIN TRADE AREA anchored by Coles, Woolworths, Target and over 40 specialty stores. Trade Area Population (estimated 2009) 45,490 The Centre has one of the most extensive retail mixes within the region. Average Household Income $60,943 Average Age 36.1yrs Home ownership 69%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 31% Current Ownership CRF Discount Department Stores 38% Centre Type Sub Regional Mini Majors 6% Location VIC Specialties 23% GLA (sq.m) 17,587 Non Retail 1% Major Retailers Target, Coles, Woolworths Other Retail 1% Specialty Retailers 2 mini majors and 42 specialty shops Total 100% Number of Car Spaces 636
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 44.0 FY13 26% Capitalisation Rate 9.00% FY14 16%
Valuation Date 30-Jun-12 FY15 12% MAT ($m) 93.6 FY16 20% Specialty occupancy costs1 12.5% FY17+ 26% Occupancy (by GLA) 99.8%
Notes 1 Includes marketing levy and based on GST inclusive turnover
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5C
NOTES
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VICTORIA GARDENS SHOPPING CENTRE
OVERVIEW DEMOGRAPHICS
Victoria Gardens Shopping Centre is a sub regional shopping STATISTICS REFLECT MAIN TRADE AREA centre located four kilometres east of the Melbourne CBD. Trade Area Population (estimated 2009) 145,375 The Centre is anchored by Coles, Kmart and IKEA (not owned) Average Household Income $91,534 and has over 70 specialty stores. The Centre also has a strong leisure and entertainment off er with a Hoyts cinema complex, King Pin Average Age 36.5yrs bowling alley and a Fitness First gym. Home ownership 51% Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 13% Current Ownership 50% CRF / 50% JV Discount Department Stores 21% Centre Type Sub Regional Mini Majors 24% Location VIC Specialties 24% GLA (sq.m) 31,128 Non Retail 1% Major Retailers Kmart, Coles Other Retail 17% Specialty Retailers 6 mini majors and 76 specialty shops Total 100% Number of Car Spaces 2,073
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent)1 175.5 FY13 31%
Capitalisation Rate 7.00% FY14 5%
Valuation Date 30-Jun-12 FY15 15% MAT ($m) 157.3 FY16 11% Specialty occupancy costs2 14.5% FY17+ 38% Occupancy (by GLA) 100.0%
Notes 1 Expressed on 100% basis 2 Includes marketing levy and based on GST inclusive turnover
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BURNLEY STREET VICTORIA STREET RUDLVLLEVEL1 GROUND LEVEL
BURNLEY STREET Centro Retail Australia VICTORIA STREET | Direct Shopping CentrePortfolio 2012
KINGPIN 77 78
CENTRO WARRNAMBOOL
OVERVIEW DEMOGRAPHICS
Centro Warrnambool is a convenience centre anchored by a Coles STATISTICS REFLECT MAIN TRADE AREA supermarket and features Liquorland, a Medical Centre and 13 Trade Area Population (estimated 2009) 17,000 specialties. The Centre is well integrated within the primary trade Average Household Income $59,154 area and provides a retail mix suitable for everyday shopping. Average Age 36.1yrs Home ownership 75%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Current Ownership CRF Supermarkets 58% Specialties 30% Centre type Convenience Non Retail 10% Location VIC Other Retail 2% GLA (sq.m) 4,491 Total 100% Major retailers Coles Specialty retailers 1 mini major and 13 specialty shops Number of car spaces 209
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 12.1 FY13 17% Capitalisation Rate 8.75% FY14 4%
Valuation Date 30-Jun-12 FY15 13% MAT ($m) 37.5 FY16 3% Specialty occupancy costs1 6.9% FY17+ 63% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
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HOPKINS HIGHWAY
NOTES
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WA
Western Australia Centro Galleria Centro Karratha Centro Mandurah Centro Warwick Centro Albany Centro Halls Head Centro Victoria Park Centro Warnbro
PERTH
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CENTRO GALLERIA
OVERVIEW DEMOGRAPHICS
Centro Galleria is one of Perth’s leading regional shopping centres, STATISTICS REFLECT MAIN TRADE AREA located seven kilometres north-east of the Perth CBD. This major Trade Area Population (estimated 2009) 286,290 regional centre is situated over two levels anchored by Myer, Kmart, Average Household Income $66,014 Target, Coles and Woolworths. The Centre also includes a Greater Union cinema and almost 200 specialty stores. Average Age 37.4yrs Home ownership 69% Centro Galleria has a strong stable residential catchment surrounding the Centre. The Centre benefi ts from the continuation of residential Source: ABS Census of Population and Housing 2006, Duane Location IQ subdivision and medium density residential developments. The bus transit station on site provides a designated public transport facility for the property.
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 10% Current Ownership 50% CRF / 50% JV Discount Department Stores 22% Centre Type Regional Department Stores 26% Location WA Mini Majors 8% GLA (sq.m) 73,224 Specialties 25% Major Retailers Myer, Kmart, Target, Coles, Woolworths Non Retail 3% Specialty Retailers 9 mini majors, 198 specialty shops Other Retail 6% and 9 freestanding shops Total 100% Number of Car Spaces 4,235
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Director)1 666.0 FY13 29%
Capitalisation Rate 5.64% FY14 14% Valuation Date 30-Jun-12 FY15 25% MAT ($m) 477.9 FY16 14% Specialty occupancy costs2 17.3% FY17+ 18% Occupancy (by GLA) 99.5%
Notes 1 Expressed on 100% basis 2 Includes marketing levy and based on GST inclusive turnover
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GROUND FLOOR
Tyre & Auto Service
GRD01 BUS STATION
Gallarie Ground Floor WA Australia - Revised July 2009 - Copyright Centro Properties Group 2009
FIRST FLOOR
Hoyts
Myer
Gallarie First Floor WA Australia - Revised July 2009 - Copyright C
NOTES
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CENTRO KARRATHA
OVERVIEW DEMOGRAPHICS
Centro Karratha is a single level, sub regional centre anchored by STATISTICS REFLECT MAIN TRADE AREA Coles, Kmart, Target Country, Woolworths and over 50 specialties. Trade Area Population (estimated 2009) 18,240 The centre dominates the main trade area with the closest shopping Average Household Income $128,402 centre competitors in Port Hedland (over 200 kilometres north). Average Age 29.8yrs It continues to benefi t signifi cantly from the region’s focus on iron Home ownership 36% ore, salt and natural gas industries. Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Current Ownership 50% CRF / 50% CMCS 25 Supermarkets 35% Discount Department Stores 25% Centre Type Sub Regional Mini Majors 14% Location WA Specialties 22% GLA (sq.m) 23,852 Non Retail 3% Major Retailers Kmart, Woolworths, Coles Other Retail 1% Specialty Retailers 2 mini majors, 53 specialty shops Total 100% and 3 freestanding shops Number of Car Spaces 1,367
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent)1 98.1 FY13 18% Capitalisation Rate 7.75% FY14 15%
Valuation Date 30-Jun-12 FY15 13% MAT ($m) 257.4 FY16 19% Specialty occupancy costs2 8.4% FY17+ 35% Occupancy (by GLA) 100.0%
Notes 1 Expressed on 100% basis 2 Includes marketing levy and based on GST inclusive turnover
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KFC
COUNTRY
CHICKEN McDONALDS TREAT Karratha WA Australia - Revised July 2009 - Copyright Centro Properties Group 2009
NOTES
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CENTRO MANDURAH
OVERVIEW DEMOGRAPHICS
Centro Mandurah is a major sub regional shopping centre located STATISTICS REFLECT MAIN TRADE AREA within Mandurah, 72 kilometres south of Perth. Trade Area Population (estimated 2009) 80,600 The Centre’s prominent place within both the local community Average Household Income $62,247 and wider Peel region is due to the major anchors including Kmart, Average Age 41.0yrs Woolworths, Coles and the only Big W in the region. The Centre also Home ownership 73% includes 125 specialty stores with a strong national retailer focus. Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 19% Current Ownership CRF Discount Department Stores 34% Centre Type Sub Regional Mini Majors 9% Location WA Specialties 30% GLA (sq.m) 39,747 Non Retail 4% Major Retailers Big W, Kmart, Coles, Woolworths Other Retail 4% Specialty Retailers 5 mini majors, 128 specialty shops Total 100% and 6 freestanding shops Number of Car Spaces 2,313
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 248.5 FY13 7%
Capitalisation Rate 7.25% FY14 18% Valuation Date 30-Jun-12 FY15 17% MAT ($m) 369.4 FY16 15% Specialty occupancy costs1 12.6% FY17+ 43% Occupancy (by GLA) 99.5%
Notes 1 Includes marketing levy and based on GST inclusive turnover
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BEAUREPAIRES
Hungry Happy Jacks Chinese KMART AUTO
MCDONALDS BP KFC CALTEX SERVICE SERVICE STATION STATION
NOTES
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CENTRO WARWICK
OVERVIEW DEMOGRAPHICS
Centro Warwick is a single level, sub regional centre located 14 STATISTICS REFLECT MAIN TRADE AREA kilometres from the Perth CBD. The Centre’s attractions include a Trade Area Population (estimated 2009) 95,740 recently refurbished Coles, Woolworths and a fresh food precinct. Average Household Income $74,756 Furthermore, Kmart, Harvey Norman and over 80 specialty stores add to the convenient retail mix. Average Age 37.1yrs Home ownership 81% The Centre recently completed a reconfi guration of the old food court which allowed for the introduction of new specialty retailers. Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 25% Current Ownership CRF Discount Department Stores 23% Centre type Sub Regional Department Stores 4% Location WA Mini Majors 5% GLA (sq.m) 30,191 Specialties 27% Major retailers Kmart, Woolworths, Coles, Harvey Norman Non Retail 15% Specialty retailers 3 mini majors, 88 specialty shops Other Retail 1% and 8 freestanding shops Total 100% Number of car spaces 2,154
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Director) 128.0 FY13 21% Capitalisation Rate 7.75% FY14 22%
Valuation Date 30-Jun-12 FY15 8% MAT ($m) 199.5 FY16 18% Specialty occupancy costs1 12.9% FY17+ 31% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
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NOTES
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CENTRO ALBANY
OVERVIEW DEMOGRAPHICS
Centro Albany is a convenience based centre anchored by STATISTICS REFLECT MAIN TRADE AREA a Woolworths supermarket along with Woolworths Liquor, Trade Area Population (estimated 2009) 9,340 Furniture Spot and 14 specialty retailers with strong national chain Average Household Income $55,423 representation. The Centre enjoys a central and easily accessible location within Albany, which is the sixth largest town in Western Average Age 37.8yrs Australia. Construction for new residential development has Home ownership 73% commenced on the land directly behind the Centre. Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 37% Current Ownership CRF Specialties 17% Centre Type Convenience Non Retail 46% Location WA Total 100% GLA (sq.m) 12,308 Major Retailers Woolworths Specialty Retailers 14 specialty shops and 3 freestanding shops Number of Car Spaces 610
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 26.8 FY13 12%
Capitalisation Rate 8.50% FY14 23%
Valuation Date 30-Jun-12 FY15 14% MAT ($m) 53.6 FY16 16% Specialty occupancy costs1 9.2% FY17+ 35% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
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MITRE 10
WOOLWORTHS PETROL
NOTES
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CENTRO HALLS HEAD
OVERVIEW DEMOGRAPHICS
Centro Halls Head is a convenience based centre anchored by STATISTICS REFLECT MAIN TRADE AREA Progressive Supa IGA and 16 specialty stores. There is strong national Trade Area Population (estimated 2009) 16,150 representation amongst the specialty stores and Progressive IGA has Average Household Income $75,333 recently added liquor to their range. Average Age 40.4yrs Centro Halls Head is located 75 kilometres south of Perth within the Home ownership 77% Peel region, one of the fastest growing regions in Perth. Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 64% Current Ownership CRF Specialties 35% Centre Type Convenience Other Retail 1% Location WA Total 100% GLA (sq.m) 5,978 Major Retailers IGA Progressive Specialty Retailers 16 specialty shops Number of Car Spaces 400
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Director) 28.0 FY13 4%
Capitalisation Rate 8.00% FY14 26%
Valuation Date 30-Jun-12 FY15 15% MAT ($m) 35.0 FY16 8% Specialty occupancy costs1 12.6% FY17+ 47% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
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IGA
NOTES
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CENTRO VICTORIA PARK
OVERVIEW DEMOGRAPHICS
Centro Victoria Park is a convenience based centre located fi ve STATISTICS REFLECT MAIN TRADE AREA kilometres to the south east of the Perth CBD. The Centre was Trade Area Population (estimated 2009) 36,490 redeveloped in 2004 and provides accessible fresh food shopping. Average Household Income $70,131 Average Age 38.0yrs Home ownership 55%
Source: ABS Census of Population and Housing 2006, Duane Location IQ
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 53% Current Ownership CRF Specialties 47% Centre Type Convenience Total 100% Location WA GLA (sq.m) 5,480 Major Retailers Woolworths Specialty Retailers 30 specialty shops Number of Car Spaces 209
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 21.5 FY13 11%
Capitalisation Rate 8.00% FY14 11%
Valuation Date 30-Jun-12 FY15 15% MAT ($m) 60.6 FY16 24% Specialty occupancy costs1 11.6% FY17+ 39% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
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ALBANY HIGHWAY Centro Retail Australia | Direct Shopping CentrePortfolio 2012 95 96
CENTRO WARNBRO
OVERVIEW DEMOGRAPHICS
Centro Warnbro is a convenience based centre located in the City of STATISTICS REFLECT MAIN TRADE AREA Rockingham approximately 45 kilometres south of the Perth CBD. The Trade Area Population (estimated 2009) 89,950 Centre is anchored by two supermarkets, Coles and Woolworths and Average Household Income $69,466 off ers strong national retailer representation amongst the specialty retailers. Average Age 34.9yrs Home ownership 74% Centro Warnbro is surrounded by rapidly developing residential areas with strong growth potential particular in the secondary east and Source: ABS Census of Population and Housing 2006, Duane Location IQ secondary south catchment areas.
PROFILE TENANT DISTRIBUTION BY GLA (%)
30 JUNE 2012 Supermarkets 69% Current Ownership CRF Specialties 26% Centre type Convenience Non Retail 4% Location WA Other Retail 1% GLA (sq.m) 11,285 Total 100% Major retailers Coles, Woolworths Specialty retailers 39 specialty shops Number of car spaces 663
KEY METRICS SPECIALTY LEASE EXPIRY PROFILE BY INCOME (%)
JUNE 2012 Most Recent Valuation ($m) (Independent) 51.3 FY13 27%
Capitalisation Rate 7.75% FY14 19%
Valuation Date 30-Jun-12 FY15 20% MAT ($m) 110.7 FY16 5% Specialty occupancy costs1 12.5% FY17+ 29% Occupancy (by GLA) 100.0%
Notes 1 Includes marketing levy and based on GST inclusive turnover
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NOTES
Centro Retail Australia | Direct Shopping Centre Portfolio 2012