Gold Coast Investor Tour & Saville South Bank Launch
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Table of Contents
1. Table of Contents
2. Itinerary
3. Map of Gold Coast Region
4. Burleigh Heads Presentation
5. SEQ Market Update
6. Asset Profiles - Gold Coast Residential Communities • Highland Reserve • Jacobs Ridge • Kleinschmidt • Pacific Pines • The Observatory
7. Asset Profiles - Gold Coast Apartments • Allisee • Koko • Saville South Bank
8. Asset Profiles - Gold Coast Shopping Centres • Benowa Gardens • Burleigh Heads
Itinerary
VENUE PRESENTER
TRAVEL TO OBSERVATORY
OBSERVATORY Col Dutton
TRAVEL TO BURLEIGH HEADS
BURLEIGH HEADS Tim Atkins
TRAVEL TO ALLISEE
ALLISEE Hugh Martin / Peter Sherrie
GOLD COAST PRESENTATION & LUNCH Matthew Gross / Nick Perrignon
TRAVEL TO JACOBS RIDGE
JACOBS RIDGE Col Dutton
TRAVEL TO KOKO
KOKO TOUR Hugh Martin / Peter Sherrie
TRAVEL TO SAVILLE SOUTH BANK
SAVILLE SOUTH BANK - TOUR Hugh Martin / Peter Sherrie
LAUNCH OF SAVILLE SOUTH BANK
Gold Coast Region
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Albany Creek w a
y Brisbane
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w Airport y BRISBANE NORTH Koko Saville South Bank STRADBROKE
ISLAND
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w ic y M w IPSWICH y y Ip w swich M
Logan Mwy P a c if ic M w y Ormeau Jacobs Ridge Eggersdorf Road
SOUTH Upper Coomera Coomera STRADBROKE Reserve Road ISLAND Highland Reserve Tamborine - Oxenford Road Kleinschmidt Maudsland Road Allisee Paci c Pines Helensvale RUNAWAY BAY
NERANG SURFERS PARADISE
P a Benowa Gardens Shopping Centc re i f i Legend c M GOLD COAST w
y Residential Communities Robina Apartments BURLEIGH HEADS Future Projects The Observatory Burleigh Heads Shopping Centre Shopping Centres Reedy Creek
Coolangatta COOLANGATTA Airport Stockland Burleigh Heads
April 2006
Overview
Acquisition Date July 2003 Ownership/Title 100% / Freehold Burleigh Heads $79.1 million Acquisition Cost Burleigh Central $13.7 million Burleigh Heads $133 million Independent Valuation Burleigh Central $15.5 million Burleigh Heads 7.00% Capitalisation Rate Burleigh Central 7.75% Net Lettable Area 35,207 m2 Carparking Spaces 1,709
1
1 Overview
Annual Sales $160.1 million February 2006 (Incl GST)
Specialty Occupancy Costs 12.3% February 2006
Specialty Sales / PSM $7,070.19 February 2006
Average Specialty Rent $687.14/m2
Specialty OPEX Rate $87.93/m2 (2005/2006) Big W Lease Expiry July 2025 (3x5 year options) Woolworths Lease Expiry April 2026 (4x5 year options ) Major Retailers Drake Supa IGA Lease Expiry December 2013 Best & Less Lease Expiry 2013 (1x6 year option) The Reject Shop Lease Expiry 2009
2
Stockland Burleigh Heads
Site Area 11.7 hectares
No of Specialties 119
Annual Traffic 4.26 million (February 2006)
3
2 Centre History & Future
• 1981 Centre Opened • 2003 Purchased by Stockland • 2004 August - Commenced expansion & refurbishment • 2005 September – Relaunch of completed centre
4
Pre / Post Development Snapshot
Purchase Price (Shopping Centre) $79.1M Centre Sales $131M $160.1M Specialty Sales $7406/m² $7070/m² 7.7% (avg. Specialty Tenant Occupancy Cost 12.3% (avg. 11.5%) 11.1%) Population Growth Forecast 1.4% pa to 2006 1.7% pa to 2011 Big W – Relocated & New Format 450 seat Foodcourt Key Changes Mini Majors – 1900m² (2 No.) New Specialties – 4900m² (60 No.) Carparking – 4.9/100m² NLA Capital Expenditure / Yield $34M at a yield of 9.0% Project Commencement / Completion August 2004 September 2005
5
3 Shin Yen Approved DA
6
Current Floor Plan
7
4 Main Trade Area
Population 57,110 Households 23,795 Market share 22.5% Forecast Population Growth 1.4% pa 2001 - 2006 Average Per Capita Income $18,957pa Gold Coast Av. $19,360 pa Average Household Income $44,967 Gold Coast Av. $49,951 pa Australia 77.0% Gold Coast Av. 74.0% Country of Birth European 11.9% Gold Coast Av. 12.5% Median Age 40.5 years Gold Coast Av. 38.0 years
Source: JHD 2003
8
Trade Area Map
9
5 Summary
• Example of how development has added value to an acquisition opportunity • Purchased March 2003 for $82.4M, yield 7.7% after costs • Improved proposed development through leveraging our portfolio relationship with Woolworths to move the Big W into former BBC Hardware House, allowing the most efficient “gun barrel” mall layout, and improve specialty rents • Rebuilt Big W, introduced Reject Shop, Best and Less, a 450 seat food court, 60 new specialty shops and kiosks, and shaded the prime car spaces • The projects success is seen in the numbers: • Traffic is up 27.6% • Sales are up 22.0% • Valuation is up $17M on the shopping centre cost base of $116M • Development generated a yield of 9.0% on $34M expenditure, taking yield on total book cost to a respectable 8.25% from the acquisition yield of 7.7%.
10
6 Investor Tour – SEQ Market Update
Matthew Gross Senior Research Manager
5th April 2006
Queensland continues to grow strongly
Population Growth Australia and Selected States, Annualised Change
3.0%
2.5%
2.0%
1.5%
Annualised Growth 1.0%
0.5%
0.0% Jun-90 Jun-91 Jun-92 Jun-93 Jun-94 Jun-95 Jun-96 Jun-97 Jun-98 Jun-99 Jun-00 Jun-01 Jun-02 Jun-03 Jun-04 Jun-05 Jun-06 Jun-07 Jun-08
Australia QLD Source - ABS
1 Queensland is in the grip of a baby boom
Population Growth by Category Queensland
30,000
25,000
20,000
15,000
10,000
5,000 Number of persons by category
-
(5,000) Jun-89 Jun-90 Jun-91 Jun-92 Jun-93 Jun-94 Jun-95 Jun-96 Jun-97 Jun-98 Jun-99 Jun-00 Jun-01 Jun-02 Jun-03 Jun-04 Jun-05 3 Natural Increase Net Overseas Migration Net Interstate Migration Source - ABS
Stockland is well positioned to capitalise on the State’s population growth.
Forecast Annual Population Change 2006-2012
14,000 LGA’s Stockland operates in 12,000
10,000
8,000
6,000
4,000
2,000
0 Logan Cairns Mackay Ipswich Coast Redland Redcliffe Brisbane Sunshine Gladstone Townsville Hervey Bay Caboolture Gold Coast Gold Pine Rivers Pine Livingstone Beaudesert Thuringowa Toowoomba 4 Rockhampton Source - PIFU (Planning & Information Forecasting Unit, Dept of Local Government & Planning)
2 Employment growth slows as QLD reaches full employment
Employment Growth Annualised, Seasonally Adjusted
8%
7%
6%
5%
4%
3%
Annualised Growth 2%
1%
0%
-1% Jul-00 Jul-01 Jul-02 Jul-03 Jul-04 Jul-05 Apr-00 Oct-00 Apr-01 Oct-01 Apr-02 Oct-02 Apr-03 Oct-03 Apr-04 Oct-04 Apr-05 Oct-05 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 5 QLD Australia Source: ABS
Queensland at full employment
Unemployment Rate QLD Seasonally Adjusted, Queensland
10%
9%
8%
7%
6% Unemployment rate Unemployment
5%
4%
Jul-00 Jul-01 Jul-02 Jul-03 Jul-04 Jul-05 6 Apr-00 Oct-00 Apr-01 Oct-01 Apr-02 Oct-02 Apr-03 Oct-03 Apr-04 Oct-04 Apr-05 Oct-05 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Source : ABS
3 Infrastructure Spending 2006-2012
Infrastructure Spending in SEQ, 2006-2012 • $8.8 billion in Government infrastructure spending over the next
Western 7 years. Corridor
• $6.7 billion in road infrastructure
Sunshine Coast • $1.6 billion in rail infrastructure
Gold Coast • $357 million in education
• $193 million in health Greater Brisbane
• The SEQ Infrastructure Plan out to 2026 will see the Government spend 4,800 5,000 5,200 5,400 5,600 5,800 6,000 6,200 6,400 a minimum of $32.271 billion on SourceSource –: SEQ Office Infrastructure of Urban $million Management identified infrastructure projects. 7
Consumer sentiment rebounds
Consumer Sentiment Australia
Base date Jun-85 = 100 140
130
120
110
Index 100
90
80
70 Mar-96 Mar-97 Mar-98 Mar-99 Mar-00 Mar-01 Mar-02 Mar-03 Mar-04 Mar-05 Mar-06 Sep-96 Sep-97 Sep-98 Sep-99 Sep-00 Sep-01 Sep-02 Sep-03 Sep-04 Sep-05
Westpac – Melbourne Institute Consumer Sentiment Index 8 Roy Morgan Consumer Confidence Rating
4 Consumer sentiment for residential improving
Time to Buy a Dwelling Index Quarterly, Queensland Base 100 = balance between positive & negative survey responses 80
60
40
20
Index 0
-20
-40
-60
Mar-86 Mar-87 Mar-88 Mar-89 Mar-90 Mar-91 Mar-92 Mar-93 Mar-94 Mar-95 Mar-96 Mar-97 Mar-98 Mar-99 Mar-00 Mar-01 Mar-02 Mar-03 Mar-04 Mar-05 Mar-06 9 Source : Westpac/Melbourne Institute
First home buyers re-enter the market
New Finance Commitments - Owner Occupation Original, Monthly, QLD
16,000 40.0
14,000 35.0
12,000 30.0
10,000 25.0
8,000 20.0
6,000 15.0 No. of Commitments of No. 4,000 10.0 Proportion of first home buyers (%) home first of Proportion 2,000 5.0
0 0.0 Nov-95 Nov-96 Nov-97 Nov-98 Nov-99 Nov-00 Nov-01 Nov-02 Nov-03 Nov-04 Nov-05 May-96 May-97 May-98 May-99 May-00 May-01 May-02 May-03 May-04 May-05 10 Source : ABS Upgrading Purchasers First Home Buyers % FHB (RHS)
5 Snapshot of the core SEQ regions
• Gold Coast
• Greater Brisbane
• Sunshine Coast
11
Gold Coast remains in high demand
Lot Registrations and Land Price Gold Coast LGA 2000 $300,000
$250,000 1600
$200,000 1200
$150,000
800 $100,000
400 $50,000
0 $0 Jun-95 Jun-96 Jun-97 Jun-98 Jun-99 Jun-00 Jun-01 Jun-02 Jun-03 Jun-04 Jun-05 Dec-94 Dec-95 Dec-96 Dec-97 Dec-98 Dec-99 Dec-00 Dec-01 Dec-02 Dec-03 Dec-04 12 Lot Registrations Land sales - Price Source : PIFU
6 Gold Coast market facts
• From 2006 to 2012, the population is forecast to grow by 70,700 people.
• An annual demand for owner occupier accommodation is; – 2,110 Houses per annum – 855 Townhouses per annum – 1,140 Units per annum
• Infrastructure spending equates to an average of $344.5 million per annum over the next seven years
13
Brisbane remains consistent
Lot Registrations and Land Price Greater Brisbane 3000 $300,000
2500 $250,000
2000 $200,000
1500 $150,000
1000 $100,000
500 $50,000
0 $0 Jun-95 Jun-96 Jun-97 Jun-98 Jun-99 Jun-00 Jun-01 Jun-02 Jun-03 Jun-04 Jun-05 Dec-94 Dec-95 Dec-96 Dec-97 Dec-98 Dec-99 Dec-00 Dec-01 Dec-02 Dec-03 Dec-04 14 Lot Registrations Land sales - Price Source : PIFU
7 Greater Brisbane market facts
• From 2006 to 2012, the population is forecast to grow by 110,200 people.
• An annual demand for owner occupier accommodation is; – 6,485 Houses per annum – 470 Townhouses per annum – 700 Units per annum
• Infrastructure spending equates to an average of $517million per annum over the next seven years
15
Sunshine Coast continues to consolidate
Lot Registrations and Land Price Sunshine Coast* 1200 $300,000
1000 $250,000
800 $200,000
600 $150,000
400 $100,000
200 $50,000
0 $0 Jun-95 Jun-96 Jun-97 Jun-98 Jun-99 Jun-00 Jun-01 Jun-02 Jun-03 Jun-04 Jun-05 Dec-94 Dec-95 Dec-96 Dec-97 Dec-98 Dec-99 Dec-00 Dec-01 Dec-02 Dec-03 Dec-04 16 Lot Registrations Land sales - Price Caloundra, Maroochy and Noosa LGAs Source : PIFU
8 Sunshine Coast market facts
• From 2006 to 2012, the population is forecast to grow by 47,500 people.
• An annual demand for owner occupier accommodation is; – 2,500 Houses per annum – 320 Townhouses per annum – 490 Units per annum
• Infrastructure spending equates to an average of $272.5 million per annum over the next seven years
17
Disclaimer
Corporation/ Responsible Entity Stockland Corporation Limited ACN 000 181 733 Stockland Trust Management Limited ACN 001 900 741
16th Floor 157 Liverpool Street SYDNEY NSW 2000
Disclaimer of Liability: While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information in this presentation. All information in this presentation is subject to change without notice. 18
9 Highland Reserve, Gold Coast
Property description A 337Ha site situated within Upper Coomera, amidst a stunning mountainous backdrop and sprawling native bushland. Located 8 minutes from the Pacific Motorway, Highland Reserve is just 64km to Brisbane, and 25km to Surfers Paradise. Coomera Train Station is also close by, and local buses regularly service the area. This purchase was a strategic acquisition in the northwest growth corridor of the Gold Coast.
The land provides exceptional quality for project housing and is surrounded by established farming properties. The project has been designed by Stockland to blend with the unique environment that surrounds it, including a conservation park for all to enjoy.
Summary information (as at 31 December 2005)
Location Upper Coomera, Gold Coast, QLD Total project value $200m Total lots 1,127 % Sold N/A Current price range $150,000 - $250,000 Buyer profile 2nd and 3rd homebuyers
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Jacobs Ridge, Gold Coast
Property description A 79Ha property located midway between the Gold Coast and Brisbane’s CBD. Set amongst towering gum trees Jacobs Ridge is a new community that emphasises a quality of life you normally only find in the country. A semi rural environment, the project includes 5kms of bike trails, ovals, multipurpose courts, picnic and BBQ areas, playgrounds and parks covering 10 hectares.
Jacobs Ridge stands out on the Gold Coast for its innovative environmental and water sensitive design principles, rain tanks being a central feature.
Summary information (as at 31 December 2005)
Location Ormeau, Gold Coast, QLD Total project value ($m) $190 Total lots 1,134 % Sold 24% Current price range $135,000 - $190,000 Buyer profile 2nd and 3rd homebuyers
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Kleinschmidt, Gold Coast
Property description Kleinschmidt, soon to be known as Riverstone Crossing, is a 152Ha riverfront land holding situated on the upper reaches of the Coomera River, 45 minutes from the Brisbane CBD. The land presently operates as a dairy and is surrounded by established farming properties. Kleinschmidt is well located with the M1 and train station also just 10 minutes away.
The varying terrain, mountainous backdrop, tranquillity of the riverfront and majestic 200 year old fig trees provides the perfect canvass to create a truly unique semi-rural community. Eco-focussed design will be integrated with the landscape offering an outstanding choice of living environments and housing styles.
Summary information (as at 31 December 2005)
Location Upper Coomera, Gold Coast, QLD Total project value $148m* Total lots 723 % Sold N/A Current price range $120,000 - $250,000 Buyer profile 2nd and 3rd homebuyers
* Represents Stockland’s estimated share of joint development income
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Pacific Pines, Gold Coast
Property description Pacific Pines is a 820Ha property located only 10 minutes from the Broadwater and within easy commuting distance to Brisbane or the surf beaches of the Gold Coast. The materplanned community offers affordable land releases and a range of housing choices, a community centre and auditorium, sporting facilities, ovals, playgrounds and serene wetlands, along with 68 hectares of landscaped parkland all form part of this community.
The project includes excellent educational facilites, childcare centres and both primary and secondary schools are within easy walking distance. A Woolworths supermarket, newsagency, medical centre, specialty shops and Tavern are all conveniently located within the Town Centre.
Summary information (as at 31 December 2005)
Location Pacific Pines, Gold Coast, QLD Total project value $650m Total lots 5,000 % Sold 67% Current price range $130,000 - $320,000 Buyer profile 1st, 2nd and 3rd homebuyers, southern investors/retirees
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds The Observatory, Gold Coast
Property description A 320Ha property situated on an elevated plateau 100 metres above sea level and located just 5 minutes from Robina Town Centre and Burleigh Beach, The Observatory affords 180 degree views of the Pacific Ocean stretching from Surfers Paradise to Coolangatta. Easy access to the Pacific Motorway means commuters will be at Surfers Paradise in about 20 minutes or in the Brisbane CBD in about an hour.
Larger home sites offer the opportunity to build stunning architect designed homes amongst an unspoilt bushland setting with almost 100 hectares dedicated to natural wide open spaces, featuring ridge-top walking trails and bicycle tracks meandering through the estate.
Summary information (as at 31 December 2005)
Location Reedy Creek, Gold Coast, QLD Total project value $233m Total lots 867 % Sold 26% Current price range $160,000 - $400,000 Buyer profile 2nd and 3rd homebuyers
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Allisee, Gold Coast
Property description A 6.3Ha property situated at Hollywell on the Gold Coast offering breathtaking panoramic views of The Broadwater, stretching across the horizon to South Stradbroke Island and Surfers Paradise. The project is in close proximity to Runaway Bay Marina, shopping centres, sporting complex, schools, championship golf courses and restaurants.Allisee is a 10 minute drive to Surfers Paradise and 45 minutes, or 60km, to the Brisbane CBD.
Allisee will offer high quality apartments , complemented by swimming pools, tennis court, gym, BBQ and picnic areas, beautiful landscaped surroundsand direct access to the white sandy beach and private internal marina.
Summary information (as at 31 December 2005)
Location Gold Coast, QLD Total project value $268m Total lots 252 % Sold 13% Current price range $495,000 - $3,100,000 Buyer profile Owner Occupier, Gold Coast market
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Koko, Brisbane
Property description A premium residential riverfront development at West End, 5 kilometres from the Brisbane CBD, Koko has become a highly coveted riverside address near the heart of the city. The development is set amongst sub-tropical landscaped gardens with river front access and within easy reach of West End, South Bank and the city .
Koko offers a unique architectural design with spectacular, north-west facing river views and luxurious attention to detail.
Summary information (as at 31 December 2005)
Location West End, Brisbane, QLD Total project value $93m Total lots 122 % Sold 70% Current price range $330,000 - $2,750,000 Buyer profile Owner Occupier
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Saville South Bank, Brisbane
Property description Saville South Bank is a landmark building in the heart of one of the world’s best new urban precincts. Its striking contemporary architecture is visible from the Brisbane CBD. The 13 storey masterpiece has successfully balanced the melding of the 88 boutique apartments with a 161 suite, 4.5 star hotel.
The building is tiered with apartments on the upper six floors allowing residents to enjoy the facilities of a luxury hotel including concierge services, pool and gym and the amenity of the location, whilst maintaining privacy from hotel guests.
Summary information (as at 31 December 2005)
Location South Bank, Brisbane, QLD Total project value $93m Total lots 88 Apartments 161 Suites % Sold 95% Apartments 100% Hotel Current price range $260,000 - $1,764,000 $235,000 - $480,000 Buyer profile Owner Occupier and Investor
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Stockland Benowa Gardens, Queensland
Property description Benowa Gardens is food based neighbourhood centre on the Gold Coast. The centre features a Bi-Lo supermarket and 45 specialty shops. It was originally constructed in 1992.
Summary information (as at 31 December 2005) Location Benowa, QLD Acquisition date August 2003 Ownership/title 100%/Freehold Cost including additions $22.1 million Independent valuation June 2004 Valuation/($m²) $22.0 million ($3,778/m²) Capitalisation rate 8.00% Discount rate 10.25% Gross lettable area 5,823m² Car parking spaces 437 Annual sales $36.8 million Specialty occupancy cost 12.1%
Major tenants GLAm² Lease expiry
Bi-Lo 1,959 Sep 2007
Lease expiry profile
Vacant 0% FY06 0% FY07 7% FY08 61% FY09 13% FY10 19%
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Floor plan
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds Stockland Burleigh Heads, Queensland
Property description Stockland Burleigh Heads is a sub regional shopping centre located on the Gold Coast. The centre is anchored by a Woolworths supermarket and Big W discount department store. This centre has a strong presence in its tradearea with major tenants and specialty shops performing above industry benchmarks.
Redevelopment work was completed in October 2005 including relocation of the existing Big W, adding two mini majors, a food court and 45 new specialty retailers.
Summary information (as at 31 December 2005) Location Burleigh Heads, QLD Acquisition date August 2003 Ownership/title 100%/Freehold Cost including additions $109.6 million Independent valuation December 2005 Valuation/($m²) $133.0 million ($4,956/m²) Capitalisation rate 7.00% Discount rate 9.25% Gross lettable area 26,836m² Car parking spaces 1,686 Annual sales $155.7 million * Specialty occupancy cost N/A
Lease expiry profile Major tenants GLAm² Lease expiry
Vacant 0% Big W 6,236 Mar 2025 FY06 2% Woolworths 4,586 Apr 2026 FY07 3% FY08 2% IGA Superfresh 2,454 Dec 2013 FY09 3% FY10 90%
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
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Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Note: all figures are in Australian dollars unless otherwise indicated.
Stockland Shopping Centres Commercial & Industrial Residential Communities Apartments Hotels Unlisted Property Funds