JLL NATIONAL RETAIL INVESTMENTS AUSTRALIAN MARKET LEADERS TRANSACTION SUMMARY

Transcription

1 JLL NATIONAL RETAIL INVESTMENTS AUSTRALIAN MARKET LEADERS TRANSACTION SUMMARY FEBRUARY 2017

2 $7.3 billion sold Exceeding long term averages Market Highlights Sub-regional most active category 28% of transaction volume JLL National Retail Transactions $2.8bn sold 29 assets No. 1 Retail Broker Neighbourhood and sub-regional yield convergence Narrowest spread on record Record level of CBD activity $1.9bn 2 3

3 JLL National Retail Investments Australian Market Leaders Major Transactions above $30m Carillon City Western Australia $140,000,000 Page 15 Innaloo Cinema Complex Western Australia $48,100,000 Page 19 Subiaco Square Western Australia $38,350,000 Page 19 WA Brimbank Shopping Centre Victoria Undisclosed Page 6-7 Forest Hill Chase Shopping Centre Victoria Undisclosed Page 6-7 St. Collins Lane Victoria $247,000,000 Page 8-9 Casey Central Victoria $221,000,000 page Myer Bourke Street Mall (33.3%) Campbelltown Mall New South Wales $197,000,000 Page Edgecliff Centre New South Wales $138,750,000 Page Victoria $151,300,000 Page 14 VIC NSW QLD Clifford Gardens Shopping Centre Queensland Undisclosed Page 6-7 Toombul Shopping Centre Queensland $228,100,000 Page 6-7 Undisclosed sub-regional Queensland Undisclosed Post Office Square Queensland $95,500,000 Page 17 Arana Hills Plaza Queensland $67,100,000 page 18 DFO Brisbane Queensland $55,000,000 Page 19 DFO Cairns Queensland $39,700,000 Page 19 Pimpama Junction Queensland $38,650,000 Page 19 Masters Everton Park Queensland $36,500,000 Page 19 Ashmore City Queensland Undisclosed Page 19 For more transactions see page 19

4 Vicinity Centres Portfolio VIC & QLD Assets: Clifford Gardens Shopping Centre Brimbank Shopping Centre Forest Hill Chase Shopping Centre Toombul Shopping Centre Victoria & Queensland Date: June 2016 Sale price ($/sqm): $841,400,000* Sub-regional Weighted Average Capitalisation Rate: 7.00%* GLA (sqm): 174,602* Vicinity Centres Blackstone & Mirvac Australia s largest ever agency negotiated retail transaction Clifford Gardens Shopping Centre, QLD 6 7 Forest Hill Chase Shopping Centre, VIC Brimbank Shopping Centre, VIC Toombul Shopping Centre, QLD

5 St. Collins Lane VIC Melbourne, Victoria Date: November 2016 Sale price ($/sqm): $247,000,000 ($26,335)* CBD GLA (sqm): 9,379* LaSalle Asia Opportunity Fund III JP Morgan Core PanAsia Fund Largest retail transaction in the Melbourne CBD since Artist s impression

6 Casey Central VIC Casey, Victoria Date: December 2016 Sale price ($/sqm): $221,000,000 ($7,091)* Core capitalisation rate: 5.25%* Sub-regional GLA (sqm): 31,167* Scentre Group M&G Real Estate At 5.25%, the transaction has reset the benchmark for premium sub-regional assets 10 11

7 Campbelltown Mall NSW Largest sub-regional transaction in NSW since 2013 Campbelltown, New South Wales Date: September 2016 Sale price ($/sqm): $197,000,000 ($4,666)* Sub-regional Initial yield (passing): 6.19%* Initial yield (fully leased): 6.40%* GLA (sqm): 42,222* Perron Group Charter Hall (CPRF) Boundary indicative

8 Myer Bourke Street Mall (33.3%) VIC Carillon City WA Melbourne, Victoria Date: September 2016 Sale price ($/sqm): $151,300,000 ($11,369)* CBD Initial yield: 4.62%* GLA (sqm): 39,923* MyBourke Pty Ltd TH Real Estate Perth, Western Australia Date: October 2016 Sale price ($/sqm): $140,000,000 ($7,940)* CBD Initial yield (passing): 5.47%* Lettable area (sqm): 18,059*^ Brookfield & Hawaiian Investments DEXUS (DWPF) ^includes storage area of 427sqm 14 15

9 Edgecliff Centre NSW Post Office Square QLD Edgecliff, New South Wales Date: September 2016 Sale price ($/sqm): $138,750,000 ($12,369)* Mixed use retail & office Initial yield (passing): 3.72%* Initial yield (fully leased): 4.06%* Lettable area (sqm): 11,218* Private Family Longhurst Group Brisbane, Queensland Date: December 2016 Sale price ($/sqm): $95,500,000 ($8,701)* CBD Initial yield (passing): 6.59%* Initial yield (fully leased): 6.88%* GLA (sqm): 10,976*^ POS Retail Pty Ltd LaSalle Investment Management ^ GLA includes an area of 9,215 sqm to account for the 316 bay car park, which is leased to Secure until November

10 Arana Hills Plaza QLD Arana Hills, Queensland Date: December 2016 Sale price ($/sqm): $67,100,000 ($4,674)*^ Sub-regional Initial yield (passing): 5.41%* Initial yield (fully leased): 5.85%* GLA (sqm): 14,355* ISPT Pty Ltd Charter Hall (CQR) ^sale price includes $4,500,000 for the adjoining Shell Petrol Station pad site. Additional Assets Transacted in 2016 Property Name Date Sale Price ($)* DFO Brisbane, QLD May 2016 $55,000,000 Innaloo Cinema Complex, WA September 2016 $48,100,000 DFO Cairns, QLD March 2016 $39,700,000 Pimpama Junction, QLD April 2016 $38,650,000 Subiaco Square, WA August 2016 $38,350,000 Masters Everton Park, QLD January 2016 $36,500,000 Ashmore City, QLD November 2016 Undisclosed Caboolture Square, QLD November 2016 $27,500,000 Jimboomba Junction, QLD July 2016 $27,480,000 Coles Silkstone, QLD May 2016 $27,000,000 Laurimar Shopping Centre, VIC July 2016 $27,000,000 Lilybrook Shopping Village, QLD October 2016 $25,500,000 Coles Bushland Beach, QLD June 2016 $25,057,295 Monier Village, QLD July 2016 $23,900,000 Casey Lifestyle Centre, VIC September 2016 $19,775,000 Woolworths Springfield, QLD May 2016 $17,575,

11 Contact us For more information, please contact Simon Rooney: AUSTRALASIA Simon Rooney International Director Head of Retail Investments - Australasia simon.rooney@ap.jll.com VICTORIA Stephen Bolton Director Sales & Investments stephen.bolton@ap.jll.com Stuart Taylor Director Retail Investments stuart.taylor@ap.jll.com QUEENSLAND Jacob Swan Director Retail Investments jacob.swan@ap.jll.com Sam Hatcher Director Retail Investments sam.hatcher@ap.jll.com WESTERN AUSTRALIA Nigel Freshwater National Director Head of Sales & Investments nigel.freshwater@ap.jll.com Sean Flynn Associate Director Sales & Investments sean.flynn@ap.jll.com SOUTH AUSTRALIA 20 Jamie Guerra Managing Director jamie.guerra@ap.jll.com 21

12 2017 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.