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Property Compendium
mdash31 December 2017
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Portfolio Overview 1
Operating Performance 3
Retailers and Lease Expiry Profile 4
Portfolio Details 6
Scentre Group Property Profiles 7
Westfield Airport West 8
Westfield Albany 9
Westfield Belconnen 10
Westfield Bondi Junction 11
Westfield Burwood 12
Westfield Carindale 13
Westfield Carousel 14
Westfield Chatswood15
Westfield Chermside 16
Westfield Doncaster17
Westfield Fountain Gate 18
Westfield Garden City 19
Westfield Geelong 20
Westfield Helensvale 21
Westfield Hornsby 22
Westfield Hurstville 23
Westfield Knox 24
Westfield Kotara 25
Westfield Liverpool 26
Westfield Manukau City 27
Westfield Marion 28
Westfield Miranda 29
Westfield Mt Druitt 30
Westfield Newmarket 31
Westfield North Lakes 32
Westfield Parramatta 33
Westfield Penrith 34
Westfield Plenty Valley 35
Westfield Riccarton 36
Westfield Southland 37
Westfield Stirling 38
Westfield St Lukes 39
Westfield Sydney 40
Westfield Tea Tree Plaza 41
Westfield Tuggerah 42
Westfield Warringah Mall 43
Westfield West Lakes 44
Westfield Whitford City 45
Westfield Woden 46
Contents
Cover Westfield Waringah Mall This page Westfield North Lakes
Westfield Chatswood
Front Cover Image Westfield Chermside
Westfield Doncaster
Westfield Sydney
Westfield Newmarket
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 1 -
Portfolio Overview mdash
Scentre Grouprsquos (SCG) portfolio includes many of the largest and best shopping centres in Australia and New Zealand including 16 of the top 25 shopping centres in Australia by annual sales In addition over 80 of the Grouprsquos centres (by value) generated annual sales in excess of $500 million for the year ended 31 December 2017
Scentre Group has unrivalled access to potential customers with approximately 65 of the Australian population within a 30 minute drive of a Westfield shopping centre In 2017 approximately 530 million customers visited a Westfield shopping centre spending in excess of $23 billion
NUMBER OF CENTRES
BRISBANE
2WHOLLY
OWNED
3JOINTVENTURES
Australia34 Centres A$350 billion 1
New Zealand5 Centres NZ$13 billion 1
$59BN
SYDNEY
7WHOLLY
OWNED
7JOINTVENTURES
CANBERRA
1WHOLLY
OWNED
1JOINTVENTURE
MELBOURNE
1WHOLLY
OWNED
6JOINTVENTURES
ADELAIDE
3JOINT
VENTURES
PERTH
2WHOLLY
OWNED
1JOINTVENTURE
$17BN
5
14
27 5
33
5JOINT
VENTURES
All dollar values relate to SCG share only
$13BN
$13BN$54BN
$14BN
$186BN
PORTFOLIO BY GLA
NSW 39
[1 Pro forma post sale of four Australian assets settlement expected Q3 2015]
1 Includes construction in progress and assets held for redevelopment
VIC 20
QLD 15
SA 8
WA 6
ACT 5
NZ 7
NSW 52
VIC 15
QLD 15
SA 4
WA 6
ACT 4
NZ 4
PORTFOLIO BY ASSET VALUE (SCG SHARE)
Portfolio By Asset Value (SCG Share)
Portfolio by GLA
39
[1 Pro forma post sale of four Australian assets settlement expected Q3 2015]
20 15 8 6 5 7
52 15 15 4 6 4 4
NSW VIC QLD SA WA ACT NZ
NSW VIC QLD SA WA ACT NZ
As at 31 December 2017 Scentre Grouprsquos portfolio included 39 shopping centres spread across Australia and New Zealand with the Grouprsquos ownership interests valued at $354 billion
The map shows the location of Scentre Grouprsquos assets
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 2 -
Westfield Bondi Junction
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 3 -
Operating Performance
mdashScentre Grouprsquos portfolio has a long track record of delivering strong operating metrics and the portfolio has remained in excess of 99 leased for over 20 years
Combined Portfolio 2015 2016 2017
Total Annual Sales $223bn $227bn $231bn
Specialty Store Sales psm $10867 $11203 $11201
Comparable Specialty Store Sales Growth 55 26 10
Specialty Store Rent psm $1569 $1607 $1622
Comparable Net Property Income Growth 26 29 28
Scentre Grouprsquos leases are structured to provide predictable and sustainable income growth For the year ended 31 December 2017 99 of the rental income from the Grouprsquos portfolio was derived from contracted base rents and the remaining 1 of rental income was directly related to retailer sales
In addition the scale of the Grouprsquos portfolio provides a diversified revenue base that significantly reduced the exposure to any single shopping centre or retailer As at 31 December 2017 the highest valued retail shopping centre represented 14 of total asset value and the 10 highest valued retail shopping centres represented 58
For the year ended 31 December 2017 no single anchor retailer contributed more than 3 of rental income and no specialty store retailer contributed more than 2
Operating Performance of Scentre Grouprsquos Portfolio
mdash
Westfield Warringah Mall
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 4 -
Anchor RetailersScentre Group is the major landlord and an integral partner to major household retail brands such as David Jones Myer Farmers Target Kmart BIG W Coles Woolworths and Aldi Anchor retailers generally have lease terms of 20 to 25 years with stepped increases throughout the term that can be fixed linked to the consumer price index (CPI) or sales turnover based As of 31 December 2017 anchor retailers represented 53 of GLA and 16 of rental income
The following table outlines the anchor retailers in Scentre Grouprsquos portfolio as of 31 December 2017
Anchor Retailers No of Stores
GLA (000rsquos
sqm)
of Retail
GLA
Average Lease Term Remaining
(years)
Department Stores
Myer 22 3954 114 95
David Jones 16 2361 68 108
Farmers 4 322 09 63
Harris Scarfe 10 295 09 45
Sub Total 52 6932 200 96
Discount Department Stores
Target 32 2378 69 76
Kmart 24 1668 48 74
BIG W 18 1470 42 98
Sub Total 74 5516 159 81
Supermarkets
Coles 33 1282 37 85
Woolworths 30 1277 37 69
Aldi 17 255 07 53
Countdown 3 122 04 55
Pak N Save 1 63 02 65
New World 1 34 01 47
Spudshed 1 47 01 69
Sub Total 86 3080 90 73
Cinemas
Event Cinemas 16 955 28 73
Hoyts 9 457 13 74
Village Roadshow 5 329 09 82
Birch Carroll amp Coyle 2 144 04 75
Reading Cinemas 1 43 01 19
Sub Total 33 1928 56 74
Others
Toys R Us 10 278 08 19
Harvey Norman 5 216 06 27
Bunnings Warehouse 3 178 05 12
Dan Murphys 7 98 03 49
Kmart Garden 1 42 01 09
Sub Total 26 811 23 23
Grand Total 271 18267 528 82
SCENTRE GROUP PROPERTY COMPENDIUM 2016
- 4 -
Retailers and Lease Expiry Profile
Retailers No of Stores
GLA (000s
sqm)
of Retail
GLA
Super Retail Group 35 520 15
(Rebel Sport Rays Outdoors Supercheap Auto)
Cotton On Group 167 438 13
(Cotton On Cotton On Kids Cotton On Body Typo Rubi Shoes Factorie T-Bar Supre)
JB Hi Fi 32 374 11
(JB Hi Fi JB Hi Fi Home)
The Just Group 212 300 09
(Just Jeans Jay Jays Jacquie E Peter Alexander Portmans Dotti Smiggle)
Best amp Less 20 214 06
Country Road Group 81 196 06
(Country Road Trenery Witchery Mimco Politix)
BB Retail 147 176 05
(Lovisa Bras N Things Honey Birdette Adairs Adairs Kids Dusk)
Australian Pharmaceutical Industries 39 174 05
(Priceline Priceline Pharmacy Soul Pattinson Chemist)
ZARA 8 169 05
Specialty Fashion Group 98 160 05
(Millers Katies Autograph City Chic Crossroads Rivers)
Total 839 2722 79
Lease Expiry ProfileFor the year ended 31 December 2017 Scentre Group completed 2466 lease deals covering an aggregate of 345570 square metres Scentre Group has a 60 year weighted average unexpired lease term across the portfolio
00
50
100
150
200178
137
111116
111
60
4227
3529
80 73
99
5945
53
3728
Expiring
Total Portfolio Leased Area Specialty Store Retailers Leased Area
00
50
100
150
200
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Expiring 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
200
118 115
Other Retailers Specialty retailers generally have lease terms of 5 to 7 years and for larger stores 5 to 10 years Specialty store retailers generally have leases with annual contracted increases of CPI plus 2 For the year ended 31 December 2017 the 10 largest specialty store retailers represented 8 of GLA and contributed 10 of rental income
The following table outlines the 10 largest specialty store retailers as of 31 December 2017
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 5 -
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 6 -
At 31 December 2017 Ownership Interest
()
Carrying Amount
($m)
Retail Capitalisation
Rate
Total Annual Sales
($m)
Specialty Annual Sales
($psm)
Lettable Area (lsquo000s sqm)
Number of Tenants
Australia
Australian Capital Territory
Belconnen 1000 9350 550 5385 8683 964 282
Woden 500 3500 550 3620 9130 719 242
New South Wales
Bondi Junction 1000 31436 425 10943 15956 1312 477
Burwood 1000 10952 500 4748 11428 632 237
Chatswood 1000 13671 450 5924 11409 808 271
Hornsby 1000 10952 525 6568 8771 998 322
Hurstville 500 4375 525 5429 10555 621 258
Kotara2 1000 8150 575 4701 11087 742 259
Liverpool 500 5501 525 5004 9761 834 340
Miranda 500 12705 450 9494 12379 1285 456
Mt Druitt 500 3150 550 4121 8948 600 236
Parramatta 500 10343 475 8345 12215 1377 468
Penrith 500 7500 475 6761 12109 917 333
Sydney3 1000 50274 412 11839 22194 1660 337
Tuggerah 1000 7850 550 4798 9093 834 263
Warringah Mall 500 9300 500 7233 8837 1319 388
Queensland
Carindale4 500 8136 525 8963 11150 1366 411
Chermside1 1000 26150 450 9300 12833 1756 496
Garden City 1000 17050 475 7906 10422 1406 413
Helensvale 500 2375 575 3756 12416 449 188
North Lakes 500 4750 500 6508 10510 856 278
South Australia
Marion 500 7375 525 8367 11375 1371 332
Tea Tree Plaza2 500 4003 550 5027 11105 953 250
West Lakes2 500 2450 600 3778 9214 722 242
Victoria
Airport West 500 2135 575 3410 9205 523 171
Doncaster 500 12000 450 9374 14042 1222 429
Fountain Gate 1000 20900 450 10356 10242 1783 454
Geelong 500 2650 575 2743 8982 516 178
Knox 500 5765 550 6773 9332 1413 416
Plenty Valley2 500 2610 525 3518 8534 522 178
Southland 500 8075 500 8242 9369 1291 388
Western Australia
Carousel2 1000 10800 550 5020 10860 824 290
Stirling (Innaloo) 1000 3310 625 3296 8941 470 172
Whitford City1 500 3300 575 4477 7524 854 297
New Zealand (NZD)
Albany 510 3014 588 4077 13485 534 146
Manukau 510 1890 700 2809 11698 455 193
Newmarket 510 1418 663 5313 11688 313 109
Riccarton 510 3162 650 3470 14557 556 195
St Lukes 510 2652 625 1348 13125 398 177
Total Portfolio (AUD) 353874 4915 231501 11201 36174 11572
1 Developments completed during the year2 Properties currently under redevelopment3 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers As at 31 December 2017 the weighted average capitalisation
rate of Sydney was 432 comprising retail 412 (Sydney City 40 and Sydney Central Plaza 45) and office 495 4 50 interest in this shopping centre is consolidated and 217 (31 December 2016 235) is shown as non controlling interest In 2017 the Group
acquired additional securities in Carindale Property Trust (CPT) increasing the Grouprsquos interest in CPT to 566 (31 December 2016 530)5 Weighted average capitalisation rate including non-retail assets
Portfolio Details
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 7 -
Scentre Group
Property Profiles
Westfield Chatswood
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 8 - Link To Disclaimer
Link to Trade Area Map
171 52289 m2 $3410 2640NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Airport West is conveniently located just 10 minutes from Tullamarine Airport and caters to a trade area population of 323000 residents
High rates of home ownership and household incomes that are in line with the Melbourne metropolitan average are found in the Main Trade Area Family composition is broadly in line with the Melbourne average with 26 of households being families with children under 15 years
The Total Trade Area retail spend in 2017 was estimated to be $42 billion with the Main Trade Area spend estimated to be $14 billion with retail spend per capita ($14066) broadly in line with the Melbourne metro average ($14247) Average household incomes in the Main Trade Area as at the 2016 Census were $97194 per annum which was also broadly in line with the Melbourne metro average ($99752)
There is a high proportion of residents who own their own home or are paying off a mortgage and 26 of households in the Main Trade area are families with children under 15 years in line with the Melbourne Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 162 ha
Car Park Spaces 2640
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $2135
Fair Value ($ million) $4270
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1976
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3410
Annual Sales Growth 42
Specialty Sales $9205 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $14 $43
Population 98972 322892
Anchor Retailers
GLA
Harris Scarfe 2675 51
Target 7230 138
KMart 6918 132
Coles 4000 76
Woolworths 3661 70
Aldi 1489 28
Cinemas 2618 50
Major Tenant Total 28591 547
AIRPORT WEST VIC29-35 LOUIS STREET AIRPORT WEST VIC 3042
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 9 - Link To Disclaimer
Link to Trade Area Map
146 53395 m2 $4077 m 2373NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Albany is located north of the Waitemata Harbour approximately 15 kilometres northwest of the Auckland CBD in one of the cityrsquos newest suburbs The centre caters to a trade area population of 390090 residents and is the landmark retail destination in the area
The total retail spend in Westfield Albanyrsquos Total Trade Area in 2017 was estimated at $64 billion while the total retail spend in the Main Trade Area was estimated at $35 billion The total retail spend per capita for the Westfield Albany Main Trade Area was estimated at $16000 per annum in 2017 which is broadly in line with the Auckland Region average ($15866)
The average household income in the Main Trade Area in 2013 for Westfield Albany was $92848 per annum which is also broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 208 ha
Car Park Spaces 2373
Value
Acquisition Date 2007
Fair Value ($ million) SCG Share $3014
Fair Value ($ million) $5910
Valuation Date Dec 17
Retail Capitalisation Rate 588
Centre Opened 2007
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4077
Annual Sales Growth 25
Specialty Sales $13485 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $64
Population 218416 390442
Anchor Retailers
GLA
Farmers 9946 186
KMart 6742 126
New World 3387 63
Cinemas 6778 127
Major Tenant Total 26852 503
ALBANY NZ219 DON MCKINNON DRIVE AUCKLAND 0632 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 10 - Link To Disclaimer
Link to Trade Area Map
282 96401 m2 $5385 m 2880NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 83 ha
Car Park Spaces 2880
Value
Acquisition Date 1986
Fair Value ($ million) SCG Share $9350
Fair Value ($ million) $9350
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1978
Centre Redeveloped 2011
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5385
Annual Sales Growth -14
Specialty Sales $8683 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $78
Population 194658 448155
Anchor Retailers
GLA
Myer 17639 183
Harris Scarfe 2103 22
Target 6807 71
KMart 7654 79
Coles 4151 43
Woolworths 4820 50
Aldi 1525 16
Cinemas 4380 45
Toys R Us 3445 36
Dan Murphys 1328 14
Major Tenant Total 53852 559
BELCONNEN ACTBENJAMIN WAY BELCONNEN ACT 2617
Located in the northern suburbs of Canberra Westfield Belconnen was the largest shopping centre in the southern hemisphere when it opened in 1978 and is still one of Canberrarsquos biggest The centre is located 13 kilometres from the Canberra CBD and services a total trade area population of approximately 448000 residents
The centrersquos Total Trade Area retail spend was estimated at $78 billion in 2017 while the total retail spend for the Main Trade Area was estimated at $34 billion
The Main Trade Area was characterised at the 2016 Census by a high average household income of $116925 per annum 4 above the Sydney Metro average ($112106)
The total annual retail spend per capita in the Main Trade Area is estimated at $17072 17 above the Sydney Metro average ($14609)
There is a high concentration of professional workers in the centrersquos Main Trade Area owing to the abundance of sizeable commercial and government employers in the area 69 who own their own home or are paying off a mortgage while 32 of households are families with children under 15
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 11 - Link To Disclaimer
Link to Trade Area Map
477 131155 m2 $10943 m 3304NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Bondi Junction is one of Sydneyrsquos iconic retail destinations Situated in the heart of the Eastern Suburbs one of the cityrsquos most desirable areas the centre is only 6 kilometres from the Sydney CBD Servicing a trade area population in excess of 440000 the centre is one of the strongest performers in the Scentre Group portfolio with 2017 retail sales totalling $109 billion
The centre is defined by a premium retail offer that caters to its discerning style conscious clientele International luxury brands sit alongside local designers and some of the most coveted high street brands in the world The retail mix is complemented by a customer service offer that includes valet parking a styling suite lsquohandsfreersquo shopping and a concierge service
The centrersquos Total Trade Area spend was estimated at $78 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $38 billion
Average household income in 2016 in the Total Trade Area was $120703 per annum which is 8 higher than the Sydney Metro average ($112106) with a high retail spend per capita of $17694 per annum 21 above the Sydney Metro average ($14609)
The Total Trade Area includes large pockets of high density living with 63 of households being flats units or apartments Workers from the trade area skew towards managersprofessionals and there is also a higher proportion of younger residents aged between 25-39 years compared with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 28 ha
Car Park Spaces 3304
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $31436
Fair Value ($ million) $31436
Valuation Date Dec 17
Retail Capitalisation Rate 425
Centre Opened 1970
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10943
Annual Sales Growth 26
Specialty Sales $15956 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $74
Population 195755 441098
Anchor Retailers
GLA
Myer 17887 136
David Jones 19234 147
Target 5311 40
Coles 4758 36
Woolworths 3750 29
Cinemas 6719 51
Harvey Norman 1500 11
Major Tenant Total 59158 451
BONDI JUNCTION NSW500 OXFORD STREET BONDI JUNCTION NSW 2022
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 12 - Link To Disclaimer
Link to Trade Area Map
237 63215 m2 $4748 m 3014NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 3014
Value
Acquisition Date 1992
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1966
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4748
Annual Sales Growth -02
Specialty Sales $11428 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $65
Population 240829 454817
Anchor Retailers
GLA
David Jones 14658 232
Target 5933 94
KMart 6121 97
Coles 3919 62
Woolworths 3625 57
Cinemas 5697 90
Major Tenant Total 39953 632
BURWOOD NSW100 BURWOOD ROAD BURWOOD NSW 2134
Westfield Burwood is centrally located within Sydneyrsquos Inner West approximately 12 kilometres from the CBD Strategically positioned within easy reach of Burwood Railway Station on the bustling commercial strip the centre caters to a trade area population in excess of 454000 residents
The Total Trade Area retail spend is estimated at $65 billion while the Main Trade Area spend estimated to be $35 billion
Westfield Burwoodrsquos spend per capita for the Main Trade Area is estimated at $14717 which is broadly in line with the Sydney Metro average ($14609)
The centrersquos catchment area has a diverse population with 49 of the Main Trade Area born outside Australia and 36 born in Asia A high proportion of workers are professionals or other white collar workers and there are pockets of high density living with nearly 49 of homes being flats units or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 13 - Link To Disclaimer
Link to Trade Area Map
411 136609 m2 $8933 m 5897NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Carindale Property Trust (50)
APPF (50)
Centre Manager Scentre Group
Site Area 158 ha
Car Park Spaces 5897
Value
Acquisition Date 1999
Fair Value ($ million) SCG Share $8136
Fair Value ($ million) $16272
Valuation Date Dec 17a
Retail Capitalisation Rate 525
Centre Opened 1979
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8963
Annual Sales Growth 09
Specialty Sales $11150 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $93
Population 270989 663470
Anchor Retailers
GLA
Myer 20840 153
David Jones 15246 112
BIG W 8527 63
Target 8020 59
Harvey Norman 4814 35
Coles 4167 31
Woolworths 3971 29
Cinemas 3805 28
Harris Scarfe 2589 19
Aldi 1672 12
Major Tenant Total 73651 540
CARINDALE QLD1151 CREEK ROAD CARINDALE QLD 4152
Scentre Group has 566 interest in CPT
Westfield Carindale is situated in an affluent quarter of Brisbanersquos South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD The centre services a trade area population of approximately 663000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access
One of the cityrsquos leading retail destinations Carindale boasts a comprehensive fashion offer that includes Sas amp Bide Leona Edmiston and Chanel Beaute The adjoining Carindale Home amp Leisure Centre complements the retail mix with bulky goods retail
The total retail spend by the Westfield Carindale Total Trade Area in 2017 was estimated at $93 billion while the total retail spend by the Main Trade Area was estimated at $39 billion
The centrersquos total annual retail spend per capita is estimated at $14059 4 above the Brisbane Metro average ($13563) while the total annual retail spend per capita for the Main Trade Area is estimated to be $14548 which is 7 above the Brisbane Metro average ($13563)
Westfield Carindalersquos Main Trade Area had a high average household income in 2016 of $110814 per annum which is 11 above the Brisbane Metro average ($100034) Household composition is in line with the Brisbane Metro average with 29 being families with children under 15 years of age
In the Main Trade Area 78 of workers are professional or other white collar workers which is above the Brisbane Metro average of 70
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Portfolio Overview 1
Operating Performance 3
Retailers and Lease Expiry Profile 4
Portfolio Details 6
Scentre Group Property Profiles 7
Westfield Airport West 8
Westfield Albany 9
Westfield Belconnen 10
Westfield Bondi Junction 11
Westfield Burwood 12
Westfield Carindale 13
Westfield Carousel 14
Westfield Chatswood15
Westfield Chermside 16
Westfield Doncaster17
Westfield Fountain Gate 18
Westfield Garden City 19
Westfield Geelong 20
Westfield Helensvale 21
Westfield Hornsby 22
Westfield Hurstville 23
Westfield Knox 24
Westfield Kotara 25
Westfield Liverpool 26
Westfield Manukau City 27
Westfield Marion 28
Westfield Miranda 29
Westfield Mt Druitt 30
Westfield Newmarket 31
Westfield North Lakes 32
Westfield Parramatta 33
Westfield Penrith 34
Westfield Plenty Valley 35
Westfield Riccarton 36
Westfield Southland 37
Westfield Stirling 38
Westfield St Lukes 39
Westfield Sydney 40
Westfield Tea Tree Plaza 41
Westfield Tuggerah 42
Westfield Warringah Mall 43
Westfield West Lakes 44
Westfield Whitford City 45
Westfield Woden 46
Contents
Cover Westfield Waringah Mall This page Westfield North Lakes
Westfield Chatswood
Front Cover Image Westfield Chermside
Westfield Doncaster
Westfield Sydney
Westfield Newmarket
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 1 -
Portfolio Overview mdash
Scentre Grouprsquos (SCG) portfolio includes many of the largest and best shopping centres in Australia and New Zealand including 16 of the top 25 shopping centres in Australia by annual sales In addition over 80 of the Grouprsquos centres (by value) generated annual sales in excess of $500 million for the year ended 31 December 2017
Scentre Group has unrivalled access to potential customers with approximately 65 of the Australian population within a 30 minute drive of a Westfield shopping centre In 2017 approximately 530 million customers visited a Westfield shopping centre spending in excess of $23 billion
NUMBER OF CENTRES
BRISBANE
2WHOLLY
OWNED
3JOINTVENTURES
Australia34 Centres A$350 billion 1
New Zealand5 Centres NZ$13 billion 1
$59BN
SYDNEY
7WHOLLY
OWNED
7JOINTVENTURES
CANBERRA
1WHOLLY
OWNED
1JOINTVENTURE
MELBOURNE
1WHOLLY
OWNED
6JOINTVENTURES
ADELAIDE
3JOINT
VENTURES
PERTH
2WHOLLY
OWNED
1JOINTVENTURE
$17BN
5
14
27 5
33
5JOINT
VENTURES
All dollar values relate to SCG share only
$13BN
$13BN$54BN
$14BN
$186BN
PORTFOLIO BY GLA
NSW 39
[1 Pro forma post sale of four Australian assets settlement expected Q3 2015]
1 Includes construction in progress and assets held for redevelopment
VIC 20
QLD 15
SA 8
WA 6
ACT 5
NZ 7
NSW 52
VIC 15
QLD 15
SA 4
WA 6
ACT 4
NZ 4
PORTFOLIO BY ASSET VALUE (SCG SHARE)
Portfolio By Asset Value (SCG Share)
Portfolio by GLA
39
[1 Pro forma post sale of four Australian assets settlement expected Q3 2015]
20 15 8 6 5 7
52 15 15 4 6 4 4
NSW VIC QLD SA WA ACT NZ
NSW VIC QLD SA WA ACT NZ
As at 31 December 2017 Scentre Grouprsquos portfolio included 39 shopping centres spread across Australia and New Zealand with the Grouprsquos ownership interests valued at $354 billion
The map shows the location of Scentre Grouprsquos assets
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 2 -
Westfield Bondi Junction
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 3 -
Operating Performance
mdashScentre Grouprsquos portfolio has a long track record of delivering strong operating metrics and the portfolio has remained in excess of 99 leased for over 20 years
Combined Portfolio 2015 2016 2017
Total Annual Sales $223bn $227bn $231bn
Specialty Store Sales psm $10867 $11203 $11201
Comparable Specialty Store Sales Growth 55 26 10
Specialty Store Rent psm $1569 $1607 $1622
Comparable Net Property Income Growth 26 29 28
Scentre Grouprsquos leases are structured to provide predictable and sustainable income growth For the year ended 31 December 2017 99 of the rental income from the Grouprsquos portfolio was derived from contracted base rents and the remaining 1 of rental income was directly related to retailer sales
In addition the scale of the Grouprsquos portfolio provides a diversified revenue base that significantly reduced the exposure to any single shopping centre or retailer As at 31 December 2017 the highest valued retail shopping centre represented 14 of total asset value and the 10 highest valued retail shopping centres represented 58
For the year ended 31 December 2017 no single anchor retailer contributed more than 3 of rental income and no specialty store retailer contributed more than 2
Operating Performance of Scentre Grouprsquos Portfolio
mdash
Westfield Warringah Mall
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 4 -
Anchor RetailersScentre Group is the major landlord and an integral partner to major household retail brands such as David Jones Myer Farmers Target Kmart BIG W Coles Woolworths and Aldi Anchor retailers generally have lease terms of 20 to 25 years with stepped increases throughout the term that can be fixed linked to the consumer price index (CPI) or sales turnover based As of 31 December 2017 anchor retailers represented 53 of GLA and 16 of rental income
The following table outlines the anchor retailers in Scentre Grouprsquos portfolio as of 31 December 2017
Anchor Retailers No of Stores
GLA (000rsquos
sqm)
of Retail
GLA
Average Lease Term Remaining
(years)
Department Stores
Myer 22 3954 114 95
David Jones 16 2361 68 108
Farmers 4 322 09 63
Harris Scarfe 10 295 09 45
Sub Total 52 6932 200 96
Discount Department Stores
Target 32 2378 69 76
Kmart 24 1668 48 74
BIG W 18 1470 42 98
Sub Total 74 5516 159 81
Supermarkets
Coles 33 1282 37 85
Woolworths 30 1277 37 69
Aldi 17 255 07 53
Countdown 3 122 04 55
Pak N Save 1 63 02 65
New World 1 34 01 47
Spudshed 1 47 01 69
Sub Total 86 3080 90 73
Cinemas
Event Cinemas 16 955 28 73
Hoyts 9 457 13 74
Village Roadshow 5 329 09 82
Birch Carroll amp Coyle 2 144 04 75
Reading Cinemas 1 43 01 19
Sub Total 33 1928 56 74
Others
Toys R Us 10 278 08 19
Harvey Norman 5 216 06 27
Bunnings Warehouse 3 178 05 12
Dan Murphys 7 98 03 49
Kmart Garden 1 42 01 09
Sub Total 26 811 23 23
Grand Total 271 18267 528 82
SCENTRE GROUP PROPERTY COMPENDIUM 2016
- 4 -
Retailers and Lease Expiry Profile
Retailers No of Stores
GLA (000s
sqm)
of Retail
GLA
Super Retail Group 35 520 15
(Rebel Sport Rays Outdoors Supercheap Auto)
Cotton On Group 167 438 13
(Cotton On Cotton On Kids Cotton On Body Typo Rubi Shoes Factorie T-Bar Supre)
JB Hi Fi 32 374 11
(JB Hi Fi JB Hi Fi Home)
The Just Group 212 300 09
(Just Jeans Jay Jays Jacquie E Peter Alexander Portmans Dotti Smiggle)
Best amp Less 20 214 06
Country Road Group 81 196 06
(Country Road Trenery Witchery Mimco Politix)
BB Retail 147 176 05
(Lovisa Bras N Things Honey Birdette Adairs Adairs Kids Dusk)
Australian Pharmaceutical Industries 39 174 05
(Priceline Priceline Pharmacy Soul Pattinson Chemist)
ZARA 8 169 05
Specialty Fashion Group 98 160 05
(Millers Katies Autograph City Chic Crossroads Rivers)
Total 839 2722 79
Lease Expiry ProfileFor the year ended 31 December 2017 Scentre Group completed 2466 lease deals covering an aggregate of 345570 square metres Scentre Group has a 60 year weighted average unexpired lease term across the portfolio
00
50
100
150
200178
137
111116
111
60
4227
3529
80 73
99
5945
53
3728
Expiring
Total Portfolio Leased Area Specialty Store Retailers Leased Area
00
50
100
150
200
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Expiring 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
200
118 115
Other Retailers Specialty retailers generally have lease terms of 5 to 7 years and for larger stores 5 to 10 years Specialty store retailers generally have leases with annual contracted increases of CPI plus 2 For the year ended 31 December 2017 the 10 largest specialty store retailers represented 8 of GLA and contributed 10 of rental income
The following table outlines the 10 largest specialty store retailers as of 31 December 2017
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 5 -
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 6 -
At 31 December 2017 Ownership Interest
()
Carrying Amount
($m)
Retail Capitalisation
Rate
Total Annual Sales
($m)
Specialty Annual Sales
($psm)
Lettable Area (lsquo000s sqm)
Number of Tenants
Australia
Australian Capital Territory
Belconnen 1000 9350 550 5385 8683 964 282
Woden 500 3500 550 3620 9130 719 242
New South Wales
Bondi Junction 1000 31436 425 10943 15956 1312 477
Burwood 1000 10952 500 4748 11428 632 237
Chatswood 1000 13671 450 5924 11409 808 271
Hornsby 1000 10952 525 6568 8771 998 322
Hurstville 500 4375 525 5429 10555 621 258
Kotara2 1000 8150 575 4701 11087 742 259
Liverpool 500 5501 525 5004 9761 834 340
Miranda 500 12705 450 9494 12379 1285 456
Mt Druitt 500 3150 550 4121 8948 600 236
Parramatta 500 10343 475 8345 12215 1377 468
Penrith 500 7500 475 6761 12109 917 333
Sydney3 1000 50274 412 11839 22194 1660 337
Tuggerah 1000 7850 550 4798 9093 834 263
Warringah Mall 500 9300 500 7233 8837 1319 388
Queensland
Carindale4 500 8136 525 8963 11150 1366 411
Chermside1 1000 26150 450 9300 12833 1756 496
Garden City 1000 17050 475 7906 10422 1406 413
Helensvale 500 2375 575 3756 12416 449 188
North Lakes 500 4750 500 6508 10510 856 278
South Australia
Marion 500 7375 525 8367 11375 1371 332
Tea Tree Plaza2 500 4003 550 5027 11105 953 250
West Lakes2 500 2450 600 3778 9214 722 242
Victoria
Airport West 500 2135 575 3410 9205 523 171
Doncaster 500 12000 450 9374 14042 1222 429
Fountain Gate 1000 20900 450 10356 10242 1783 454
Geelong 500 2650 575 2743 8982 516 178
Knox 500 5765 550 6773 9332 1413 416
Plenty Valley2 500 2610 525 3518 8534 522 178
Southland 500 8075 500 8242 9369 1291 388
Western Australia
Carousel2 1000 10800 550 5020 10860 824 290
Stirling (Innaloo) 1000 3310 625 3296 8941 470 172
Whitford City1 500 3300 575 4477 7524 854 297
New Zealand (NZD)
Albany 510 3014 588 4077 13485 534 146
Manukau 510 1890 700 2809 11698 455 193
Newmarket 510 1418 663 5313 11688 313 109
Riccarton 510 3162 650 3470 14557 556 195
St Lukes 510 2652 625 1348 13125 398 177
Total Portfolio (AUD) 353874 4915 231501 11201 36174 11572
1 Developments completed during the year2 Properties currently under redevelopment3 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers As at 31 December 2017 the weighted average capitalisation
rate of Sydney was 432 comprising retail 412 (Sydney City 40 and Sydney Central Plaza 45) and office 495 4 50 interest in this shopping centre is consolidated and 217 (31 December 2016 235) is shown as non controlling interest In 2017 the Group
acquired additional securities in Carindale Property Trust (CPT) increasing the Grouprsquos interest in CPT to 566 (31 December 2016 530)5 Weighted average capitalisation rate including non-retail assets
Portfolio Details
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 7 -
Scentre Group
Property Profiles
Westfield Chatswood
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 8 - Link To Disclaimer
Link to Trade Area Map
171 52289 m2 $3410 2640NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Airport West is conveniently located just 10 minutes from Tullamarine Airport and caters to a trade area population of 323000 residents
High rates of home ownership and household incomes that are in line with the Melbourne metropolitan average are found in the Main Trade Area Family composition is broadly in line with the Melbourne average with 26 of households being families with children under 15 years
The Total Trade Area retail spend in 2017 was estimated to be $42 billion with the Main Trade Area spend estimated to be $14 billion with retail spend per capita ($14066) broadly in line with the Melbourne metro average ($14247) Average household incomes in the Main Trade Area as at the 2016 Census were $97194 per annum which was also broadly in line with the Melbourne metro average ($99752)
There is a high proportion of residents who own their own home or are paying off a mortgage and 26 of households in the Main Trade area are families with children under 15 years in line with the Melbourne Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 162 ha
Car Park Spaces 2640
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $2135
Fair Value ($ million) $4270
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1976
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3410
Annual Sales Growth 42
Specialty Sales $9205 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $14 $43
Population 98972 322892
Anchor Retailers
GLA
Harris Scarfe 2675 51
Target 7230 138
KMart 6918 132
Coles 4000 76
Woolworths 3661 70
Aldi 1489 28
Cinemas 2618 50
Major Tenant Total 28591 547
AIRPORT WEST VIC29-35 LOUIS STREET AIRPORT WEST VIC 3042
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 9 - Link To Disclaimer
Link to Trade Area Map
146 53395 m2 $4077 m 2373NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Albany is located north of the Waitemata Harbour approximately 15 kilometres northwest of the Auckland CBD in one of the cityrsquos newest suburbs The centre caters to a trade area population of 390090 residents and is the landmark retail destination in the area
The total retail spend in Westfield Albanyrsquos Total Trade Area in 2017 was estimated at $64 billion while the total retail spend in the Main Trade Area was estimated at $35 billion The total retail spend per capita for the Westfield Albany Main Trade Area was estimated at $16000 per annum in 2017 which is broadly in line with the Auckland Region average ($15866)
The average household income in the Main Trade Area in 2013 for Westfield Albany was $92848 per annum which is also broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 208 ha
Car Park Spaces 2373
Value
Acquisition Date 2007
Fair Value ($ million) SCG Share $3014
Fair Value ($ million) $5910
Valuation Date Dec 17
Retail Capitalisation Rate 588
Centre Opened 2007
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4077
Annual Sales Growth 25
Specialty Sales $13485 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $64
Population 218416 390442
Anchor Retailers
GLA
Farmers 9946 186
KMart 6742 126
New World 3387 63
Cinemas 6778 127
Major Tenant Total 26852 503
ALBANY NZ219 DON MCKINNON DRIVE AUCKLAND 0632 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 10 - Link To Disclaimer
Link to Trade Area Map
282 96401 m2 $5385 m 2880NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 83 ha
Car Park Spaces 2880
Value
Acquisition Date 1986
Fair Value ($ million) SCG Share $9350
Fair Value ($ million) $9350
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1978
Centre Redeveloped 2011
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5385
Annual Sales Growth -14
Specialty Sales $8683 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $78
Population 194658 448155
Anchor Retailers
GLA
Myer 17639 183
Harris Scarfe 2103 22
Target 6807 71
KMart 7654 79
Coles 4151 43
Woolworths 4820 50
Aldi 1525 16
Cinemas 4380 45
Toys R Us 3445 36
Dan Murphys 1328 14
Major Tenant Total 53852 559
BELCONNEN ACTBENJAMIN WAY BELCONNEN ACT 2617
Located in the northern suburbs of Canberra Westfield Belconnen was the largest shopping centre in the southern hemisphere when it opened in 1978 and is still one of Canberrarsquos biggest The centre is located 13 kilometres from the Canberra CBD and services a total trade area population of approximately 448000 residents
The centrersquos Total Trade Area retail spend was estimated at $78 billion in 2017 while the total retail spend for the Main Trade Area was estimated at $34 billion
The Main Trade Area was characterised at the 2016 Census by a high average household income of $116925 per annum 4 above the Sydney Metro average ($112106)
The total annual retail spend per capita in the Main Trade Area is estimated at $17072 17 above the Sydney Metro average ($14609)
There is a high concentration of professional workers in the centrersquos Main Trade Area owing to the abundance of sizeable commercial and government employers in the area 69 who own their own home or are paying off a mortgage while 32 of households are families with children under 15
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 11 - Link To Disclaimer
Link to Trade Area Map
477 131155 m2 $10943 m 3304NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Bondi Junction is one of Sydneyrsquos iconic retail destinations Situated in the heart of the Eastern Suburbs one of the cityrsquos most desirable areas the centre is only 6 kilometres from the Sydney CBD Servicing a trade area population in excess of 440000 the centre is one of the strongest performers in the Scentre Group portfolio with 2017 retail sales totalling $109 billion
The centre is defined by a premium retail offer that caters to its discerning style conscious clientele International luxury brands sit alongside local designers and some of the most coveted high street brands in the world The retail mix is complemented by a customer service offer that includes valet parking a styling suite lsquohandsfreersquo shopping and a concierge service
The centrersquos Total Trade Area spend was estimated at $78 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $38 billion
Average household income in 2016 in the Total Trade Area was $120703 per annum which is 8 higher than the Sydney Metro average ($112106) with a high retail spend per capita of $17694 per annum 21 above the Sydney Metro average ($14609)
The Total Trade Area includes large pockets of high density living with 63 of households being flats units or apartments Workers from the trade area skew towards managersprofessionals and there is also a higher proportion of younger residents aged between 25-39 years compared with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 28 ha
Car Park Spaces 3304
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $31436
Fair Value ($ million) $31436
Valuation Date Dec 17
Retail Capitalisation Rate 425
Centre Opened 1970
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10943
Annual Sales Growth 26
Specialty Sales $15956 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $74
Population 195755 441098
Anchor Retailers
GLA
Myer 17887 136
David Jones 19234 147
Target 5311 40
Coles 4758 36
Woolworths 3750 29
Cinemas 6719 51
Harvey Norman 1500 11
Major Tenant Total 59158 451
BONDI JUNCTION NSW500 OXFORD STREET BONDI JUNCTION NSW 2022
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 12 - Link To Disclaimer
Link to Trade Area Map
237 63215 m2 $4748 m 3014NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 3014
Value
Acquisition Date 1992
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1966
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4748
Annual Sales Growth -02
Specialty Sales $11428 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $65
Population 240829 454817
Anchor Retailers
GLA
David Jones 14658 232
Target 5933 94
KMart 6121 97
Coles 3919 62
Woolworths 3625 57
Cinemas 5697 90
Major Tenant Total 39953 632
BURWOOD NSW100 BURWOOD ROAD BURWOOD NSW 2134
Westfield Burwood is centrally located within Sydneyrsquos Inner West approximately 12 kilometres from the CBD Strategically positioned within easy reach of Burwood Railway Station on the bustling commercial strip the centre caters to a trade area population in excess of 454000 residents
The Total Trade Area retail spend is estimated at $65 billion while the Main Trade Area spend estimated to be $35 billion
Westfield Burwoodrsquos spend per capita for the Main Trade Area is estimated at $14717 which is broadly in line with the Sydney Metro average ($14609)
The centrersquos catchment area has a diverse population with 49 of the Main Trade Area born outside Australia and 36 born in Asia A high proportion of workers are professionals or other white collar workers and there are pockets of high density living with nearly 49 of homes being flats units or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 13 - Link To Disclaimer
Link to Trade Area Map
411 136609 m2 $8933 m 5897NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Carindale Property Trust (50)
APPF (50)
Centre Manager Scentre Group
Site Area 158 ha
Car Park Spaces 5897
Value
Acquisition Date 1999
Fair Value ($ million) SCG Share $8136
Fair Value ($ million) $16272
Valuation Date Dec 17a
Retail Capitalisation Rate 525
Centre Opened 1979
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8963
Annual Sales Growth 09
Specialty Sales $11150 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $93
Population 270989 663470
Anchor Retailers
GLA
Myer 20840 153
David Jones 15246 112
BIG W 8527 63
Target 8020 59
Harvey Norman 4814 35
Coles 4167 31
Woolworths 3971 29
Cinemas 3805 28
Harris Scarfe 2589 19
Aldi 1672 12
Major Tenant Total 73651 540
CARINDALE QLD1151 CREEK ROAD CARINDALE QLD 4152
Scentre Group has 566 interest in CPT
Westfield Carindale is situated in an affluent quarter of Brisbanersquos South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD The centre services a trade area population of approximately 663000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access
One of the cityrsquos leading retail destinations Carindale boasts a comprehensive fashion offer that includes Sas amp Bide Leona Edmiston and Chanel Beaute The adjoining Carindale Home amp Leisure Centre complements the retail mix with bulky goods retail
The total retail spend by the Westfield Carindale Total Trade Area in 2017 was estimated at $93 billion while the total retail spend by the Main Trade Area was estimated at $39 billion
The centrersquos total annual retail spend per capita is estimated at $14059 4 above the Brisbane Metro average ($13563) while the total annual retail spend per capita for the Main Trade Area is estimated to be $14548 which is 7 above the Brisbane Metro average ($13563)
Westfield Carindalersquos Main Trade Area had a high average household income in 2016 of $110814 per annum which is 11 above the Brisbane Metro average ($100034) Household composition is in line with the Brisbane Metro average with 29 being families with children under 15 years of age
In the Main Trade Area 78 of workers are professional or other white collar workers which is above the Brisbane Metro average of 70
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield Doncaster
Westfield Sydney
Westfield Newmarket
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 1 -
Portfolio Overview mdash
Scentre Grouprsquos (SCG) portfolio includes many of the largest and best shopping centres in Australia and New Zealand including 16 of the top 25 shopping centres in Australia by annual sales In addition over 80 of the Grouprsquos centres (by value) generated annual sales in excess of $500 million for the year ended 31 December 2017
Scentre Group has unrivalled access to potential customers with approximately 65 of the Australian population within a 30 minute drive of a Westfield shopping centre In 2017 approximately 530 million customers visited a Westfield shopping centre spending in excess of $23 billion
NUMBER OF CENTRES
BRISBANE
2WHOLLY
OWNED
3JOINTVENTURES
Australia34 Centres A$350 billion 1
New Zealand5 Centres NZ$13 billion 1
$59BN
SYDNEY
7WHOLLY
OWNED
7JOINTVENTURES
CANBERRA
1WHOLLY
OWNED
1JOINTVENTURE
MELBOURNE
1WHOLLY
OWNED
6JOINTVENTURES
ADELAIDE
3JOINT
VENTURES
PERTH
2WHOLLY
OWNED
1JOINTVENTURE
$17BN
5
14
27 5
33
5JOINT
VENTURES
All dollar values relate to SCG share only
$13BN
$13BN$54BN
$14BN
$186BN
PORTFOLIO BY GLA
NSW 39
[1 Pro forma post sale of four Australian assets settlement expected Q3 2015]
1 Includes construction in progress and assets held for redevelopment
VIC 20
QLD 15
SA 8
WA 6
ACT 5
NZ 7
NSW 52
VIC 15
QLD 15
SA 4
WA 6
ACT 4
NZ 4
PORTFOLIO BY ASSET VALUE (SCG SHARE)
Portfolio By Asset Value (SCG Share)
Portfolio by GLA
39
[1 Pro forma post sale of four Australian assets settlement expected Q3 2015]
20 15 8 6 5 7
52 15 15 4 6 4 4
NSW VIC QLD SA WA ACT NZ
NSW VIC QLD SA WA ACT NZ
As at 31 December 2017 Scentre Grouprsquos portfolio included 39 shopping centres spread across Australia and New Zealand with the Grouprsquos ownership interests valued at $354 billion
The map shows the location of Scentre Grouprsquos assets
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 2 -
Westfield Bondi Junction
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 3 -
Operating Performance
mdashScentre Grouprsquos portfolio has a long track record of delivering strong operating metrics and the portfolio has remained in excess of 99 leased for over 20 years
Combined Portfolio 2015 2016 2017
Total Annual Sales $223bn $227bn $231bn
Specialty Store Sales psm $10867 $11203 $11201
Comparable Specialty Store Sales Growth 55 26 10
Specialty Store Rent psm $1569 $1607 $1622
Comparable Net Property Income Growth 26 29 28
Scentre Grouprsquos leases are structured to provide predictable and sustainable income growth For the year ended 31 December 2017 99 of the rental income from the Grouprsquos portfolio was derived from contracted base rents and the remaining 1 of rental income was directly related to retailer sales
In addition the scale of the Grouprsquos portfolio provides a diversified revenue base that significantly reduced the exposure to any single shopping centre or retailer As at 31 December 2017 the highest valued retail shopping centre represented 14 of total asset value and the 10 highest valued retail shopping centres represented 58
For the year ended 31 December 2017 no single anchor retailer contributed more than 3 of rental income and no specialty store retailer contributed more than 2
Operating Performance of Scentre Grouprsquos Portfolio
mdash
Westfield Warringah Mall
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 4 -
Anchor RetailersScentre Group is the major landlord and an integral partner to major household retail brands such as David Jones Myer Farmers Target Kmart BIG W Coles Woolworths and Aldi Anchor retailers generally have lease terms of 20 to 25 years with stepped increases throughout the term that can be fixed linked to the consumer price index (CPI) or sales turnover based As of 31 December 2017 anchor retailers represented 53 of GLA and 16 of rental income
The following table outlines the anchor retailers in Scentre Grouprsquos portfolio as of 31 December 2017
Anchor Retailers No of Stores
GLA (000rsquos
sqm)
of Retail
GLA
Average Lease Term Remaining
(years)
Department Stores
Myer 22 3954 114 95
David Jones 16 2361 68 108
Farmers 4 322 09 63
Harris Scarfe 10 295 09 45
Sub Total 52 6932 200 96
Discount Department Stores
Target 32 2378 69 76
Kmart 24 1668 48 74
BIG W 18 1470 42 98
Sub Total 74 5516 159 81
Supermarkets
Coles 33 1282 37 85
Woolworths 30 1277 37 69
Aldi 17 255 07 53
Countdown 3 122 04 55
Pak N Save 1 63 02 65
New World 1 34 01 47
Spudshed 1 47 01 69
Sub Total 86 3080 90 73
Cinemas
Event Cinemas 16 955 28 73
Hoyts 9 457 13 74
Village Roadshow 5 329 09 82
Birch Carroll amp Coyle 2 144 04 75
Reading Cinemas 1 43 01 19
Sub Total 33 1928 56 74
Others
Toys R Us 10 278 08 19
Harvey Norman 5 216 06 27
Bunnings Warehouse 3 178 05 12
Dan Murphys 7 98 03 49
Kmart Garden 1 42 01 09
Sub Total 26 811 23 23
Grand Total 271 18267 528 82
SCENTRE GROUP PROPERTY COMPENDIUM 2016
- 4 -
Retailers and Lease Expiry Profile
Retailers No of Stores
GLA (000s
sqm)
of Retail
GLA
Super Retail Group 35 520 15
(Rebel Sport Rays Outdoors Supercheap Auto)
Cotton On Group 167 438 13
(Cotton On Cotton On Kids Cotton On Body Typo Rubi Shoes Factorie T-Bar Supre)
JB Hi Fi 32 374 11
(JB Hi Fi JB Hi Fi Home)
The Just Group 212 300 09
(Just Jeans Jay Jays Jacquie E Peter Alexander Portmans Dotti Smiggle)
Best amp Less 20 214 06
Country Road Group 81 196 06
(Country Road Trenery Witchery Mimco Politix)
BB Retail 147 176 05
(Lovisa Bras N Things Honey Birdette Adairs Adairs Kids Dusk)
Australian Pharmaceutical Industries 39 174 05
(Priceline Priceline Pharmacy Soul Pattinson Chemist)
ZARA 8 169 05
Specialty Fashion Group 98 160 05
(Millers Katies Autograph City Chic Crossroads Rivers)
Total 839 2722 79
Lease Expiry ProfileFor the year ended 31 December 2017 Scentre Group completed 2466 lease deals covering an aggregate of 345570 square metres Scentre Group has a 60 year weighted average unexpired lease term across the portfolio
00
50
100
150
200178
137
111116
111
60
4227
3529
80 73
99
5945
53
3728
Expiring
Total Portfolio Leased Area Specialty Store Retailers Leased Area
00
50
100
150
200
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Expiring 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
200
118 115
Other Retailers Specialty retailers generally have lease terms of 5 to 7 years and for larger stores 5 to 10 years Specialty store retailers generally have leases with annual contracted increases of CPI plus 2 For the year ended 31 December 2017 the 10 largest specialty store retailers represented 8 of GLA and contributed 10 of rental income
The following table outlines the 10 largest specialty store retailers as of 31 December 2017
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 5 -
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 6 -
At 31 December 2017 Ownership Interest
()
Carrying Amount
($m)
Retail Capitalisation
Rate
Total Annual Sales
($m)
Specialty Annual Sales
($psm)
Lettable Area (lsquo000s sqm)
Number of Tenants
Australia
Australian Capital Territory
Belconnen 1000 9350 550 5385 8683 964 282
Woden 500 3500 550 3620 9130 719 242
New South Wales
Bondi Junction 1000 31436 425 10943 15956 1312 477
Burwood 1000 10952 500 4748 11428 632 237
Chatswood 1000 13671 450 5924 11409 808 271
Hornsby 1000 10952 525 6568 8771 998 322
Hurstville 500 4375 525 5429 10555 621 258
Kotara2 1000 8150 575 4701 11087 742 259
Liverpool 500 5501 525 5004 9761 834 340
Miranda 500 12705 450 9494 12379 1285 456
Mt Druitt 500 3150 550 4121 8948 600 236
Parramatta 500 10343 475 8345 12215 1377 468
Penrith 500 7500 475 6761 12109 917 333
Sydney3 1000 50274 412 11839 22194 1660 337
Tuggerah 1000 7850 550 4798 9093 834 263
Warringah Mall 500 9300 500 7233 8837 1319 388
Queensland
Carindale4 500 8136 525 8963 11150 1366 411
Chermside1 1000 26150 450 9300 12833 1756 496
Garden City 1000 17050 475 7906 10422 1406 413
Helensvale 500 2375 575 3756 12416 449 188
North Lakes 500 4750 500 6508 10510 856 278
South Australia
Marion 500 7375 525 8367 11375 1371 332
Tea Tree Plaza2 500 4003 550 5027 11105 953 250
West Lakes2 500 2450 600 3778 9214 722 242
Victoria
Airport West 500 2135 575 3410 9205 523 171
Doncaster 500 12000 450 9374 14042 1222 429
Fountain Gate 1000 20900 450 10356 10242 1783 454
Geelong 500 2650 575 2743 8982 516 178
Knox 500 5765 550 6773 9332 1413 416
Plenty Valley2 500 2610 525 3518 8534 522 178
Southland 500 8075 500 8242 9369 1291 388
Western Australia
Carousel2 1000 10800 550 5020 10860 824 290
Stirling (Innaloo) 1000 3310 625 3296 8941 470 172
Whitford City1 500 3300 575 4477 7524 854 297
New Zealand (NZD)
Albany 510 3014 588 4077 13485 534 146
Manukau 510 1890 700 2809 11698 455 193
Newmarket 510 1418 663 5313 11688 313 109
Riccarton 510 3162 650 3470 14557 556 195
St Lukes 510 2652 625 1348 13125 398 177
Total Portfolio (AUD) 353874 4915 231501 11201 36174 11572
1 Developments completed during the year2 Properties currently under redevelopment3 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers As at 31 December 2017 the weighted average capitalisation
rate of Sydney was 432 comprising retail 412 (Sydney City 40 and Sydney Central Plaza 45) and office 495 4 50 interest in this shopping centre is consolidated and 217 (31 December 2016 235) is shown as non controlling interest In 2017 the Group
acquired additional securities in Carindale Property Trust (CPT) increasing the Grouprsquos interest in CPT to 566 (31 December 2016 530)5 Weighted average capitalisation rate including non-retail assets
Portfolio Details
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 7 -
Scentre Group
Property Profiles
Westfield Chatswood
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 8 - Link To Disclaimer
Link to Trade Area Map
171 52289 m2 $3410 2640NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Airport West is conveniently located just 10 minutes from Tullamarine Airport and caters to a trade area population of 323000 residents
High rates of home ownership and household incomes that are in line with the Melbourne metropolitan average are found in the Main Trade Area Family composition is broadly in line with the Melbourne average with 26 of households being families with children under 15 years
The Total Trade Area retail spend in 2017 was estimated to be $42 billion with the Main Trade Area spend estimated to be $14 billion with retail spend per capita ($14066) broadly in line with the Melbourne metro average ($14247) Average household incomes in the Main Trade Area as at the 2016 Census were $97194 per annum which was also broadly in line with the Melbourne metro average ($99752)
There is a high proportion of residents who own their own home or are paying off a mortgage and 26 of households in the Main Trade area are families with children under 15 years in line with the Melbourne Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 162 ha
Car Park Spaces 2640
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $2135
Fair Value ($ million) $4270
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1976
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3410
Annual Sales Growth 42
Specialty Sales $9205 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $14 $43
Population 98972 322892
Anchor Retailers
GLA
Harris Scarfe 2675 51
Target 7230 138
KMart 6918 132
Coles 4000 76
Woolworths 3661 70
Aldi 1489 28
Cinemas 2618 50
Major Tenant Total 28591 547
AIRPORT WEST VIC29-35 LOUIS STREET AIRPORT WEST VIC 3042
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 9 - Link To Disclaimer
Link to Trade Area Map
146 53395 m2 $4077 m 2373NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Albany is located north of the Waitemata Harbour approximately 15 kilometres northwest of the Auckland CBD in one of the cityrsquos newest suburbs The centre caters to a trade area population of 390090 residents and is the landmark retail destination in the area
The total retail spend in Westfield Albanyrsquos Total Trade Area in 2017 was estimated at $64 billion while the total retail spend in the Main Trade Area was estimated at $35 billion The total retail spend per capita for the Westfield Albany Main Trade Area was estimated at $16000 per annum in 2017 which is broadly in line with the Auckland Region average ($15866)
The average household income in the Main Trade Area in 2013 for Westfield Albany was $92848 per annum which is also broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 208 ha
Car Park Spaces 2373
Value
Acquisition Date 2007
Fair Value ($ million) SCG Share $3014
Fair Value ($ million) $5910
Valuation Date Dec 17
Retail Capitalisation Rate 588
Centre Opened 2007
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4077
Annual Sales Growth 25
Specialty Sales $13485 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $64
Population 218416 390442
Anchor Retailers
GLA
Farmers 9946 186
KMart 6742 126
New World 3387 63
Cinemas 6778 127
Major Tenant Total 26852 503
ALBANY NZ219 DON MCKINNON DRIVE AUCKLAND 0632 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 10 - Link To Disclaimer
Link to Trade Area Map
282 96401 m2 $5385 m 2880NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 83 ha
Car Park Spaces 2880
Value
Acquisition Date 1986
Fair Value ($ million) SCG Share $9350
Fair Value ($ million) $9350
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1978
Centre Redeveloped 2011
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5385
Annual Sales Growth -14
Specialty Sales $8683 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $78
Population 194658 448155
Anchor Retailers
GLA
Myer 17639 183
Harris Scarfe 2103 22
Target 6807 71
KMart 7654 79
Coles 4151 43
Woolworths 4820 50
Aldi 1525 16
Cinemas 4380 45
Toys R Us 3445 36
Dan Murphys 1328 14
Major Tenant Total 53852 559
BELCONNEN ACTBENJAMIN WAY BELCONNEN ACT 2617
Located in the northern suburbs of Canberra Westfield Belconnen was the largest shopping centre in the southern hemisphere when it opened in 1978 and is still one of Canberrarsquos biggest The centre is located 13 kilometres from the Canberra CBD and services a total trade area population of approximately 448000 residents
The centrersquos Total Trade Area retail spend was estimated at $78 billion in 2017 while the total retail spend for the Main Trade Area was estimated at $34 billion
The Main Trade Area was characterised at the 2016 Census by a high average household income of $116925 per annum 4 above the Sydney Metro average ($112106)
The total annual retail spend per capita in the Main Trade Area is estimated at $17072 17 above the Sydney Metro average ($14609)
There is a high concentration of professional workers in the centrersquos Main Trade Area owing to the abundance of sizeable commercial and government employers in the area 69 who own their own home or are paying off a mortgage while 32 of households are families with children under 15
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 11 - Link To Disclaimer
Link to Trade Area Map
477 131155 m2 $10943 m 3304NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Bondi Junction is one of Sydneyrsquos iconic retail destinations Situated in the heart of the Eastern Suburbs one of the cityrsquos most desirable areas the centre is only 6 kilometres from the Sydney CBD Servicing a trade area population in excess of 440000 the centre is one of the strongest performers in the Scentre Group portfolio with 2017 retail sales totalling $109 billion
The centre is defined by a premium retail offer that caters to its discerning style conscious clientele International luxury brands sit alongside local designers and some of the most coveted high street brands in the world The retail mix is complemented by a customer service offer that includes valet parking a styling suite lsquohandsfreersquo shopping and a concierge service
The centrersquos Total Trade Area spend was estimated at $78 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $38 billion
Average household income in 2016 in the Total Trade Area was $120703 per annum which is 8 higher than the Sydney Metro average ($112106) with a high retail spend per capita of $17694 per annum 21 above the Sydney Metro average ($14609)
The Total Trade Area includes large pockets of high density living with 63 of households being flats units or apartments Workers from the trade area skew towards managersprofessionals and there is also a higher proportion of younger residents aged between 25-39 years compared with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 28 ha
Car Park Spaces 3304
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $31436
Fair Value ($ million) $31436
Valuation Date Dec 17
Retail Capitalisation Rate 425
Centre Opened 1970
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10943
Annual Sales Growth 26
Specialty Sales $15956 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $74
Population 195755 441098
Anchor Retailers
GLA
Myer 17887 136
David Jones 19234 147
Target 5311 40
Coles 4758 36
Woolworths 3750 29
Cinemas 6719 51
Harvey Norman 1500 11
Major Tenant Total 59158 451
BONDI JUNCTION NSW500 OXFORD STREET BONDI JUNCTION NSW 2022
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 12 - Link To Disclaimer
Link to Trade Area Map
237 63215 m2 $4748 m 3014NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 3014
Value
Acquisition Date 1992
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1966
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4748
Annual Sales Growth -02
Specialty Sales $11428 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $65
Population 240829 454817
Anchor Retailers
GLA
David Jones 14658 232
Target 5933 94
KMart 6121 97
Coles 3919 62
Woolworths 3625 57
Cinemas 5697 90
Major Tenant Total 39953 632
BURWOOD NSW100 BURWOOD ROAD BURWOOD NSW 2134
Westfield Burwood is centrally located within Sydneyrsquos Inner West approximately 12 kilometres from the CBD Strategically positioned within easy reach of Burwood Railway Station on the bustling commercial strip the centre caters to a trade area population in excess of 454000 residents
The Total Trade Area retail spend is estimated at $65 billion while the Main Trade Area spend estimated to be $35 billion
Westfield Burwoodrsquos spend per capita for the Main Trade Area is estimated at $14717 which is broadly in line with the Sydney Metro average ($14609)
The centrersquos catchment area has a diverse population with 49 of the Main Trade Area born outside Australia and 36 born in Asia A high proportion of workers are professionals or other white collar workers and there are pockets of high density living with nearly 49 of homes being flats units or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 13 - Link To Disclaimer
Link to Trade Area Map
411 136609 m2 $8933 m 5897NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Carindale Property Trust (50)
APPF (50)
Centre Manager Scentre Group
Site Area 158 ha
Car Park Spaces 5897
Value
Acquisition Date 1999
Fair Value ($ million) SCG Share $8136
Fair Value ($ million) $16272
Valuation Date Dec 17a
Retail Capitalisation Rate 525
Centre Opened 1979
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8963
Annual Sales Growth 09
Specialty Sales $11150 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $93
Population 270989 663470
Anchor Retailers
GLA
Myer 20840 153
David Jones 15246 112
BIG W 8527 63
Target 8020 59
Harvey Norman 4814 35
Coles 4167 31
Woolworths 3971 29
Cinemas 3805 28
Harris Scarfe 2589 19
Aldi 1672 12
Major Tenant Total 73651 540
CARINDALE QLD1151 CREEK ROAD CARINDALE QLD 4152
Scentre Group has 566 interest in CPT
Westfield Carindale is situated in an affluent quarter of Brisbanersquos South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD The centre services a trade area population of approximately 663000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access
One of the cityrsquos leading retail destinations Carindale boasts a comprehensive fashion offer that includes Sas amp Bide Leona Edmiston and Chanel Beaute The adjoining Carindale Home amp Leisure Centre complements the retail mix with bulky goods retail
The total retail spend by the Westfield Carindale Total Trade Area in 2017 was estimated at $93 billion while the total retail spend by the Main Trade Area was estimated at $39 billion
The centrersquos total annual retail spend per capita is estimated at $14059 4 above the Brisbane Metro average ($13563) while the total annual retail spend per capita for the Main Trade Area is estimated to be $14548 which is 7 above the Brisbane Metro average ($13563)
Westfield Carindalersquos Main Trade Area had a high average household income in 2016 of $110814 per annum which is 11 above the Brisbane Metro average ($100034) Household composition is in line with the Brisbane Metro average with 29 being families with children under 15 years of age
In the Main Trade Area 78 of workers are professional or other white collar workers which is above the Brisbane Metro average of 70
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
NUMBER OF CENTRES
BRISBANE
2WHOLLY
OWNED
3JOINTVENTURES
Australia34 Centres A$350 billion 1
New Zealand5 Centres NZ$13 billion 1
$59BN
SYDNEY
7WHOLLY
OWNED
7JOINTVENTURES
CANBERRA
1WHOLLY
OWNED
1JOINTVENTURE
MELBOURNE
1WHOLLY
OWNED
6JOINTVENTURES
ADELAIDE
3JOINT
VENTURES
PERTH
2WHOLLY
OWNED
1JOINTVENTURE
$17BN
5
14
27 5
33
5JOINT
VENTURES
All dollar values relate to SCG share only
$13BN
$13BN$54BN
$14BN
$186BN
PORTFOLIO BY GLA
NSW 39
[1 Pro forma post sale of four Australian assets settlement expected Q3 2015]
1 Includes construction in progress and assets held for redevelopment
VIC 20
QLD 15
SA 8
WA 6
ACT 5
NZ 7
NSW 52
VIC 15
QLD 15
SA 4
WA 6
ACT 4
NZ 4
PORTFOLIO BY ASSET VALUE (SCG SHARE)
Portfolio By Asset Value (SCG Share)
Portfolio by GLA
39
[1 Pro forma post sale of four Australian assets settlement expected Q3 2015]
20 15 8 6 5 7
52 15 15 4 6 4 4
NSW VIC QLD SA WA ACT NZ
NSW VIC QLD SA WA ACT NZ
As at 31 December 2017 Scentre Grouprsquos portfolio included 39 shopping centres spread across Australia and New Zealand with the Grouprsquos ownership interests valued at $354 billion
The map shows the location of Scentre Grouprsquos assets
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 2 -
Westfield Bondi Junction
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 3 -
Operating Performance
mdashScentre Grouprsquos portfolio has a long track record of delivering strong operating metrics and the portfolio has remained in excess of 99 leased for over 20 years
Combined Portfolio 2015 2016 2017
Total Annual Sales $223bn $227bn $231bn
Specialty Store Sales psm $10867 $11203 $11201
Comparable Specialty Store Sales Growth 55 26 10
Specialty Store Rent psm $1569 $1607 $1622
Comparable Net Property Income Growth 26 29 28
Scentre Grouprsquos leases are structured to provide predictable and sustainable income growth For the year ended 31 December 2017 99 of the rental income from the Grouprsquos portfolio was derived from contracted base rents and the remaining 1 of rental income was directly related to retailer sales
In addition the scale of the Grouprsquos portfolio provides a diversified revenue base that significantly reduced the exposure to any single shopping centre or retailer As at 31 December 2017 the highest valued retail shopping centre represented 14 of total asset value and the 10 highest valued retail shopping centres represented 58
For the year ended 31 December 2017 no single anchor retailer contributed more than 3 of rental income and no specialty store retailer contributed more than 2
Operating Performance of Scentre Grouprsquos Portfolio
mdash
Westfield Warringah Mall
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 4 -
Anchor RetailersScentre Group is the major landlord and an integral partner to major household retail brands such as David Jones Myer Farmers Target Kmart BIG W Coles Woolworths and Aldi Anchor retailers generally have lease terms of 20 to 25 years with stepped increases throughout the term that can be fixed linked to the consumer price index (CPI) or sales turnover based As of 31 December 2017 anchor retailers represented 53 of GLA and 16 of rental income
The following table outlines the anchor retailers in Scentre Grouprsquos portfolio as of 31 December 2017
Anchor Retailers No of Stores
GLA (000rsquos
sqm)
of Retail
GLA
Average Lease Term Remaining
(years)
Department Stores
Myer 22 3954 114 95
David Jones 16 2361 68 108
Farmers 4 322 09 63
Harris Scarfe 10 295 09 45
Sub Total 52 6932 200 96
Discount Department Stores
Target 32 2378 69 76
Kmart 24 1668 48 74
BIG W 18 1470 42 98
Sub Total 74 5516 159 81
Supermarkets
Coles 33 1282 37 85
Woolworths 30 1277 37 69
Aldi 17 255 07 53
Countdown 3 122 04 55
Pak N Save 1 63 02 65
New World 1 34 01 47
Spudshed 1 47 01 69
Sub Total 86 3080 90 73
Cinemas
Event Cinemas 16 955 28 73
Hoyts 9 457 13 74
Village Roadshow 5 329 09 82
Birch Carroll amp Coyle 2 144 04 75
Reading Cinemas 1 43 01 19
Sub Total 33 1928 56 74
Others
Toys R Us 10 278 08 19
Harvey Norman 5 216 06 27
Bunnings Warehouse 3 178 05 12
Dan Murphys 7 98 03 49
Kmart Garden 1 42 01 09
Sub Total 26 811 23 23
Grand Total 271 18267 528 82
SCENTRE GROUP PROPERTY COMPENDIUM 2016
- 4 -
Retailers and Lease Expiry Profile
Retailers No of Stores
GLA (000s
sqm)
of Retail
GLA
Super Retail Group 35 520 15
(Rebel Sport Rays Outdoors Supercheap Auto)
Cotton On Group 167 438 13
(Cotton On Cotton On Kids Cotton On Body Typo Rubi Shoes Factorie T-Bar Supre)
JB Hi Fi 32 374 11
(JB Hi Fi JB Hi Fi Home)
The Just Group 212 300 09
(Just Jeans Jay Jays Jacquie E Peter Alexander Portmans Dotti Smiggle)
Best amp Less 20 214 06
Country Road Group 81 196 06
(Country Road Trenery Witchery Mimco Politix)
BB Retail 147 176 05
(Lovisa Bras N Things Honey Birdette Adairs Adairs Kids Dusk)
Australian Pharmaceutical Industries 39 174 05
(Priceline Priceline Pharmacy Soul Pattinson Chemist)
ZARA 8 169 05
Specialty Fashion Group 98 160 05
(Millers Katies Autograph City Chic Crossroads Rivers)
Total 839 2722 79
Lease Expiry ProfileFor the year ended 31 December 2017 Scentre Group completed 2466 lease deals covering an aggregate of 345570 square metres Scentre Group has a 60 year weighted average unexpired lease term across the portfolio
00
50
100
150
200178
137
111116
111
60
4227
3529
80 73
99
5945
53
3728
Expiring
Total Portfolio Leased Area Specialty Store Retailers Leased Area
00
50
100
150
200
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Expiring 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
200
118 115
Other Retailers Specialty retailers generally have lease terms of 5 to 7 years and for larger stores 5 to 10 years Specialty store retailers generally have leases with annual contracted increases of CPI plus 2 For the year ended 31 December 2017 the 10 largest specialty store retailers represented 8 of GLA and contributed 10 of rental income
The following table outlines the 10 largest specialty store retailers as of 31 December 2017
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 5 -
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 6 -
At 31 December 2017 Ownership Interest
()
Carrying Amount
($m)
Retail Capitalisation
Rate
Total Annual Sales
($m)
Specialty Annual Sales
($psm)
Lettable Area (lsquo000s sqm)
Number of Tenants
Australia
Australian Capital Territory
Belconnen 1000 9350 550 5385 8683 964 282
Woden 500 3500 550 3620 9130 719 242
New South Wales
Bondi Junction 1000 31436 425 10943 15956 1312 477
Burwood 1000 10952 500 4748 11428 632 237
Chatswood 1000 13671 450 5924 11409 808 271
Hornsby 1000 10952 525 6568 8771 998 322
Hurstville 500 4375 525 5429 10555 621 258
Kotara2 1000 8150 575 4701 11087 742 259
Liverpool 500 5501 525 5004 9761 834 340
Miranda 500 12705 450 9494 12379 1285 456
Mt Druitt 500 3150 550 4121 8948 600 236
Parramatta 500 10343 475 8345 12215 1377 468
Penrith 500 7500 475 6761 12109 917 333
Sydney3 1000 50274 412 11839 22194 1660 337
Tuggerah 1000 7850 550 4798 9093 834 263
Warringah Mall 500 9300 500 7233 8837 1319 388
Queensland
Carindale4 500 8136 525 8963 11150 1366 411
Chermside1 1000 26150 450 9300 12833 1756 496
Garden City 1000 17050 475 7906 10422 1406 413
Helensvale 500 2375 575 3756 12416 449 188
North Lakes 500 4750 500 6508 10510 856 278
South Australia
Marion 500 7375 525 8367 11375 1371 332
Tea Tree Plaza2 500 4003 550 5027 11105 953 250
West Lakes2 500 2450 600 3778 9214 722 242
Victoria
Airport West 500 2135 575 3410 9205 523 171
Doncaster 500 12000 450 9374 14042 1222 429
Fountain Gate 1000 20900 450 10356 10242 1783 454
Geelong 500 2650 575 2743 8982 516 178
Knox 500 5765 550 6773 9332 1413 416
Plenty Valley2 500 2610 525 3518 8534 522 178
Southland 500 8075 500 8242 9369 1291 388
Western Australia
Carousel2 1000 10800 550 5020 10860 824 290
Stirling (Innaloo) 1000 3310 625 3296 8941 470 172
Whitford City1 500 3300 575 4477 7524 854 297
New Zealand (NZD)
Albany 510 3014 588 4077 13485 534 146
Manukau 510 1890 700 2809 11698 455 193
Newmarket 510 1418 663 5313 11688 313 109
Riccarton 510 3162 650 3470 14557 556 195
St Lukes 510 2652 625 1348 13125 398 177
Total Portfolio (AUD) 353874 4915 231501 11201 36174 11572
1 Developments completed during the year2 Properties currently under redevelopment3 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers As at 31 December 2017 the weighted average capitalisation
rate of Sydney was 432 comprising retail 412 (Sydney City 40 and Sydney Central Plaza 45) and office 495 4 50 interest in this shopping centre is consolidated and 217 (31 December 2016 235) is shown as non controlling interest In 2017 the Group
acquired additional securities in Carindale Property Trust (CPT) increasing the Grouprsquos interest in CPT to 566 (31 December 2016 530)5 Weighted average capitalisation rate including non-retail assets
Portfolio Details
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 7 -
Scentre Group
Property Profiles
Westfield Chatswood
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 8 - Link To Disclaimer
Link to Trade Area Map
171 52289 m2 $3410 2640NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Airport West is conveniently located just 10 minutes from Tullamarine Airport and caters to a trade area population of 323000 residents
High rates of home ownership and household incomes that are in line with the Melbourne metropolitan average are found in the Main Trade Area Family composition is broadly in line with the Melbourne average with 26 of households being families with children under 15 years
The Total Trade Area retail spend in 2017 was estimated to be $42 billion with the Main Trade Area spend estimated to be $14 billion with retail spend per capita ($14066) broadly in line with the Melbourne metro average ($14247) Average household incomes in the Main Trade Area as at the 2016 Census were $97194 per annum which was also broadly in line with the Melbourne metro average ($99752)
There is a high proportion of residents who own their own home or are paying off a mortgage and 26 of households in the Main Trade area are families with children under 15 years in line with the Melbourne Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 162 ha
Car Park Spaces 2640
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $2135
Fair Value ($ million) $4270
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1976
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3410
Annual Sales Growth 42
Specialty Sales $9205 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $14 $43
Population 98972 322892
Anchor Retailers
GLA
Harris Scarfe 2675 51
Target 7230 138
KMart 6918 132
Coles 4000 76
Woolworths 3661 70
Aldi 1489 28
Cinemas 2618 50
Major Tenant Total 28591 547
AIRPORT WEST VIC29-35 LOUIS STREET AIRPORT WEST VIC 3042
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 9 - Link To Disclaimer
Link to Trade Area Map
146 53395 m2 $4077 m 2373NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Albany is located north of the Waitemata Harbour approximately 15 kilometres northwest of the Auckland CBD in one of the cityrsquos newest suburbs The centre caters to a trade area population of 390090 residents and is the landmark retail destination in the area
The total retail spend in Westfield Albanyrsquos Total Trade Area in 2017 was estimated at $64 billion while the total retail spend in the Main Trade Area was estimated at $35 billion The total retail spend per capita for the Westfield Albany Main Trade Area was estimated at $16000 per annum in 2017 which is broadly in line with the Auckland Region average ($15866)
The average household income in the Main Trade Area in 2013 for Westfield Albany was $92848 per annum which is also broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 208 ha
Car Park Spaces 2373
Value
Acquisition Date 2007
Fair Value ($ million) SCG Share $3014
Fair Value ($ million) $5910
Valuation Date Dec 17
Retail Capitalisation Rate 588
Centre Opened 2007
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4077
Annual Sales Growth 25
Specialty Sales $13485 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $64
Population 218416 390442
Anchor Retailers
GLA
Farmers 9946 186
KMart 6742 126
New World 3387 63
Cinemas 6778 127
Major Tenant Total 26852 503
ALBANY NZ219 DON MCKINNON DRIVE AUCKLAND 0632 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 10 - Link To Disclaimer
Link to Trade Area Map
282 96401 m2 $5385 m 2880NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 83 ha
Car Park Spaces 2880
Value
Acquisition Date 1986
Fair Value ($ million) SCG Share $9350
Fair Value ($ million) $9350
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1978
Centre Redeveloped 2011
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5385
Annual Sales Growth -14
Specialty Sales $8683 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $78
Population 194658 448155
Anchor Retailers
GLA
Myer 17639 183
Harris Scarfe 2103 22
Target 6807 71
KMart 7654 79
Coles 4151 43
Woolworths 4820 50
Aldi 1525 16
Cinemas 4380 45
Toys R Us 3445 36
Dan Murphys 1328 14
Major Tenant Total 53852 559
BELCONNEN ACTBENJAMIN WAY BELCONNEN ACT 2617
Located in the northern suburbs of Canberra Westfield Belconnen was the largest shopping centre in the southern hemisphere when it opened in 1978 and is still one of Canberrarsquos biggest The centre is located 13 kilometres from the Canberra CBD and services a total trade area population of approximately 448000 residents
The centrersquos Total Trade Area retail spend was estimated at $78 billion in 2017 while the total retail spend for the Main Trade Area was estimated at $34 billion
The Main Trade Area was characterised at the 2016 Census by a high average household income of $116925 per annum 4 above the Sydney Metro average ($112106)
The total annual retail spend per capita in the Main Trade Area is estimated at $17072 17 above the Sydney Metro average ($14609)
There is a high concentration of professional workers in the centrersquos Main Trade Area owing to the abundance of sizeable commercial and government employers in the area 69 who own their own home or are paying off a mortgage while 32 of households are families with children under 15
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 11 - Link To Disclaimer
Link to Trade Area Map
477 131155 m2 $10943 m 3304NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Bondi Junction is one of Sydneyrsquos iconic retail destinations Situated in the heart of the Eastern Suburbs one of the cityrsquos most desirable areas the centre is only 6 kilometres from the Sydney CBD Servicing a trade area population in excess of 440000 the centre is one of the strongest performers in the Scentre Group portfolio with 2017 retail sales totalling $109 billion
The centre is defined by a premium retail offer that caters to its discerning style conscious clientele International luxury brands sit alongside local designers and some of the most coveted high street brands in the world The retail mix is complemented by a customer service offer that includes valet parking a styling suite lsquohandsfreersquo shopping and a concierge service
The centrersquos Total Trade Area spend was estimated at $78 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $38 billion
Average household income in 2016 in the Total Trade Area was $120703 per annum which is 8 higher than the Sydney Metro average ($112106) with a high retail spend per capita of $17694 per annum 21 above the Sydney Metro average ($14609)
The Total Trade Area includes large pockets of high density living with 63 of households being flats units or apartments Workers from the trade area skew towards managersprofessionals and there is also a higher proportion of younger residents aged between 25-39 years compared with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 28 ha
Car Park Spaces 3304
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $31436
Fair Value ($ million) $31436
Valuation Date Dec 17
Retail Capitalisation Rate 425
Centre Opened 1970
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10943
Annual Sales Growth 26
Specialty Sales $15956 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $74
Population 195755 441098
Anchor Retailers
GLA
Myer 17887 136
David Jones 19234 147
Target 5311 40
Coles 4758 36
Woolworths 3750 29
Cinemas 6719 51
Harvey Norman 1500 11
Major Tenant Total 59158 451
BONDI JUNCTION NSW500 OXFORD STREET BONDI JUNCTION NSW 2022
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 12 - Link To Disclaimer
Link to Trade Area Map
237 63215 m2 $4748 m 3014NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 3014
Value
Acquisition Date 1992
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1966
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4748
Annual Sales Growth -02
Specialty Sales $11428 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $65
Population 240829 454817
Anchor Retailers
GLA
David Jones 14658 232
Target 5933 94
KMart 6121 97
Coles 3919 62
Woolworths 3625 57
Cinemas 5697 90
Major Tenant Total 39953 632
BURWOOD NSW100 BURWOOD ROAD BURWOOD NSW 2134
Westfield Burwood is centrally located within Sydneyrsquos Inner West approximately 12 kilometres from the CBD Strategically positioned within easy reach of Burwood Railway Station on the bustling commercial strip the centre caters to a trade area population in excess of 454000 residents
The Total Trade Area retail spend is estimated at $65 billion while the Main Trade Area spend estimated to be $35 billion
Westfield Burwoodrsquos spend per capita for the Main Trade Area is estimated at $14717 which is broadly in line with the Sydney Metro average ($14609)
The centrersquos catchment area has a diverse population with 49 of the Main Trade Area born outside Australia and 36 born in Asia A high proportion of workers are professionals or other white collar workers and there are pockets of high density living with nearly 49 of homes being flats units or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 13 - Link To Disclaimer
Link to Trade Area Map
411 136609 m2 $8933 m 5897NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Carindale Property Trust (50)
APPF (50)
Centre Manager Scentre Group
Site Area 158 ha
Car Park Spaces 5897
Value
Acquisition Date 1999
Fair Value ($ million) SCG Share $8136
Fair Value ($ million) $16272
Valuation Date Dec 17a
Retail Capitalisation Rate 525
Centre Opened 1979
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8963
Annual Sales Growth 09
Specialty Sales $11150 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $93
Population 270989 663470
Anchor Retailers
GLA
Myer 20840 153
David Jones 15246 112
BIG W 8527 63
Target 8020 59
Harvey Norman 4814 35
Coles 4167 31
Woolworths 3971 29
Cinemas 3805 28
Harris Scarfe 2589 19
Aldi 1672 12
Major Tenant Total 73651 540
CARINDALE QLD1151 CREEK ROAD CARINDALE QLD 4152
Scentre Group has 566 interest in CPT
Westfield Carindale is situated in an affluent quarter of Brisbanersquos South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD The centre services a trade area population of approximately 663000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access
One of the cityrsquos leading retail destinations Carindale boasts a comprehensive fashion offer that includes Sas amp Bide Leona Edmiston and Chanel Beaute The adjoining Carindale Home amp Leisure Centre complements the retail mix with bulky goods retail
The total retail spend by the Westfield Carindale Total Trade Area in 2017 was estimated at $93 billion while the total retail spend by the Main Trade Area was estimated at $39 billion
The centrersquos total annual retail spend per capita is estimated at $14059 4 above the Brisbane Metro average ($13563) while the total annual retail spend per capita for the Main Trade Area is estimated to be $14548 which is 7 above the Brisbane Metro average ($13563)
Westfield Carindalersquos Main Trade Area had a high average household income in 2016 of $110814 per annum which is 11 above the Brisbane Metro average ($100034) Household composition is in line with the Brisbane Metro average with 29 being families with children under 15 years of age
In the Main Trade Area 78 of workers are professional or other white collar workers which is above the Brisbane Metro average of 70
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 3 -
Operating Performance
mdashScentre Grouprsquos portfolio has a long track record of delivering strong operating metrics and the portfolio has remained in excess of 99 leased for over 20 years
Combined Portfolio 2015 2016 2017
Total Annual Sales $223bn $227bn $231bn
Specialty Store Sales psm $10867 $11203 $11201
Comparable Specialty Store Sales Growth 55 26 10
Specialty Store Rent psm $1569 $1607 $1622
Comparable Net Property Income Growth 26 29 28
Scentre Grouprsquos leases are structured to provide predictable and sustainable income growth For the year ended 31 December 2017 99 of the rental income from the Grouprsquos portfolio was derived from contracted base rents and the remaining 1 of rental income was directly related to retailer sales
In addition the scale of the Grouprsquos portfolio provides a diversified revenue base that significantly reduced the exposure to any single shopping centre or retailer As at 31 December 2017 the highest valued retail shopping centre represented 14 of total asset value and the 10 highest valued retail shopping centres represented 58
For the year ended 31 December 2017 no single anchor retailer contributed more than 3 of rental income and no specialty store retailer contributed more than 2
Operating Performance of Scentre Grouprsquos Portfolio
mdash
Westfield Warringah Mall
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 4 -
Anchor RetailersScentre Group is the major landlord and an integral partner to major household retail brands such as David Jones Myer Farmers Target Kmart BIG W Coles Woolworths and Aldi Anchor retailers generally have lease terms of 20 to 25 years with stepped increases throughout the term that can be fixed linked to the consumer price index (CPI) or sales turnover based As of 31 December 2017 anchor retailers represented 53 of GLA and 16 of rental income
The following table outlines the anchor retailers in Scentre Grouprsquos portfolio as of 31 December 2017
Anchor Retailers No of Stores
GLA (000rsquos
sqm)
of Retail
GLA
Average Lease Term Remaining
(years)
Department Stores
Myer 22 3954 114 95
David Jones 16 2361 68 108
Farmers 4 322 09 63
Harris Scarfe 10 295 09 45
Sub Total 52 6932 200 96
Discount Department Stores
Target 32 2378 69 76
Kmart 24 1668 48 74
BIG W 18 1470 42 98
Sub Total 74 5516 159 81
Supermarkets
Coles 33 1282 37 85
Woolworths 30 1277 37 69
Aldi 17 255 07 53
Countdown 3 122 04 55
Pak N Save 1 63 02 65
New World 1 34 01 47
Spudshed 1 47 01 69
Sub Total 86 3080 90 73
Cinemas
Event Cinemas 16 955 28 73
Hoyts 9 457 13 74
Village Roadshow 5 329 09 82
Birch Carroll amp Coyle 2 144 04 75
Reading Cinemas 1 43 01 19
Sub Total 33 1928 56 74
Others
Toys R Us 10 278 08 19
Harvey Norman 5 216 06 27
Bunnings Warehouse 3 178 05 12
Dan Murphys 7 98 03 49
Kmart Garden 1 42 01 09
Sub Total 26 811 23 23
Grand Total 271 18267 528 82
SCENTRE GROUP PROPERTY COMPENDIUM 2016
- 4 -
Retailers and Lease Expiry Profile
Retailers No of Stores
GLA (000s
sqm)
of Retail
GLA
Super Retail Group 35 520 15
(Rebel Sport Rays Outdoors Supercheap Auto)
Cotton On Group 167 438 13
(Cotton On Cotton On Kids Cotton On Body Typo Rubi Shoes Factorie T-Bar Supre)
JB Hi Fi 32 374 11
(JB Hi Fi JB Hi Fi Home)
The Just Group 212 300 09
(Just Jeans Jay Jays Jacquie E Peter Alexander Portmans Dotti Smiggle)
Best amp Less 20 214 06
Country Road Group 81 196 06
(Country Road Trenery Witchery Mimco Politix)
BB Retail 147 176 05
(Lovisa Bras N Things Honey Birdette Adairs Adairs Kids Dusk)
Australian Pharmaceutical Industries 39 174 05
(Priceline Priceline Pharmacy Soul Pattinson Chemist)
ZARA 8 169 05
Specialty Fashion Group 98 160 05
(Millers Katies Autograph City Chic Crossroads Rivers)
Total 839 2722 79
Lease Expiry ProfileFor the year ended 31 December 2017 Scentre Group completed 2466 lease deals covering an aggregate of 345570 square metres Scentre Group has a 60 year weighted average unexpired lease term across the portfolio
00
50
100
150
200178
137
111116
111
60
4227
3529
80 73
99
5945
53
3728
Expiring
Total Portfolio Leased Area Specialty Store Retailers Leased Area
00
50
100
150
200
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Expiring 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
200
118 115
Other Retailers Specialty retailers generally have lease terms of 5 to 7 years and for larger stores 5 to 10 years Specialty store retailers generally have leases with annual contracted increases of CPI plus 2 For the year ended 31 December 2017 the 10 largest specialty store retailers represented 8 of GLA and contributed 10 of rental income
The following table outlines the 10 largest specialty store retailers as of 31 December 2017
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 5 -
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 6 -
At 31 December 2017 Ownership Interest
()
Carrying Amount
($m)
Retail Capitalisation
Rate
Total Annual Sales
($m)
Specialty Annual Sales
($psm)
Lettable Area (lsquo000s sqm)
Number of Tenants
Australia
Australian Capital Territory
Belconnen 1000 9350 550 5385 8683 964 282
Woden 500 3500 550 3620 9130 719 242
New South Wales
Bondi Junction 1000 31436 425 10943 15956 1312 477
Burwood 1000 10952 500 4748 11428 632 237
Chatswood 1000 13671 450 5924 11409 808 271
Hornsby 1000 10952 525 6568 8771 998 322
Hurstville 500 4375 525 5429 10555 621 258
Kotara2 1000 8150 575 4701 11087 742 259
Liverpool 500 5501 525 5004 9761 834 340
Miranda 500 12705 450 9494 12379 1285 456
Mt Druitt 500 3150 550 4121 8948 600 236
Parramatta 500 10343 475 8345 12215 1377 468
Penrith 500 7500 475 6761 12109 917 333
Sydney3 1000 50274 412 11839 22194 1660 337
Tuggerah 1000 7850 550 4798 9093 834 263
Warringah Mall 500 9300 500 7233 8837 1319 388
Queensland
Carindale4 500 8136 525 8963 11150 1366 411
Chermside1 1000 26150 450 9300 12833 1756 496
Garden City 1000 17050 475 7906 10422 1406 413
Helensvale 500 2375 575 3756 12416 449 188
North Lakes 500 4750 500 6508 10510 856 278
South Australia
Marion 500 7375 525 8367 11375 1371 332
Tea Tree Plaza2 500 4003 550 5027 11105 953 250
West Lakes2 500 2450 600 3778 9214 722 242
Victoria
Airport West 500 2135 575 3410 9205 523 171
Doncaster 500 12000 450 9374 14042 1222 429
Fountain Gate 1000 20900 450 10356 10242 1783 454
Geelong 500 2650 575 2743 8982 516 178
Knox 500 5765 550 6773 9332 1413 416
Plenty Valley2 500 2610 525 3518 8534 522 178
Southland 500 8075 500 8242 9369 1291 388
Western Australia
Carousel2 1000 10800 550 5020 10860 824 290
Stirling (Innaloo) 1000 3310 625 3296 8941 470 172
Whitford City1 500 3300 575 4477 7524 854 297
New Zealand (NZD)
Albany 510 3014 588 4077 13485 534 146
Manukau 510 1890 700 2809 11698 455 193
Newmarket 510 1418 663 5313 11688 313 109
Riccarton 510 3162 650 3470 14557 556 195
St Lukes 510 2652 625 1348 13125 398 177
Total Portfolio (AUD) 353874 4915 231501 11201 36174 11572
1 Developments completed during the year2 Properties currently under redevelopment3 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers As at 31 December 2017 the weighted average capitalisation
rate of Sydney was 432 comprising retail 412 (Sydney City 40 and Sydney Central Plaza 45) and office 495 4 50 interest in this shopping centre is consolidated and 217 (31 December 2016 235) is shown as non controlling interest In 2017 the Group
acquired additional securities in Carindale Property Trust (CPT) increasing the Grouprsquos interest in CPT to 566 (31 December 2016 530)5 Weighted average capitalisation rate including non-retail assets
Portfolio Details
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 7 -
Scentre Group
Property Profiles
Westfield Chatswood
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 8 - Link To Disclaimer
Link to Trade Area Map
171 52289 m2 $3410 2640NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Airport West is conveniently located just 10 minutes from Tullamarine Airport and caters to a trade area population of 323000 residents
High rates of home ownership and household incomes that are in line with the Melbourne metropolitan average are found in the Main Trade Area Family composition is broadly in line with the Melbourne average with 26 of households being families with children under 15 years
The Total Trade Area retail spend in 2017 was estimated to be $42 billion with the Main Trade Area spend estimated to be $14 billion with retail spend per capita ($14066) broadly in line with the Melbourne metro average ($14247) Average household incomes in the Main Trade Area as at the 2016 Census were $97194 per annum which was also broadly in line with the Melbourne metro average ($99752)
There is a high proportion of residents who own their own home or are paying off a mortgage and 26 of households in the Main Trade area are families with children under 15 years in line with the Melbourne Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 162 ha
Car Park Spaces 2640
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $2135
Fair Value ($ million) $4270
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1976
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3410
Annual Sales Growth 42
Specialty Sales $9205 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $14 $43
Population 98972 322892
Anchor Retailers
GLA
Harris Scarfe 2675 51
Target 7230 138
KMart 6918 132
Coles 4000 76
Woolworths 3661 70
Aldi 1489 28
Cinemas 2618 50
Major Tenant Total 28591 547
AIRPORT WEST VIC29-35 LOUIS STREET AIRPORT WEST VIC 3042
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 9 - Link To Disclaimer
Link to Trade Area Map
146 53395 m2 $4077 m 2373NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Albany is located north of the Waitemata Harbour approximately 15 kilometres northwest of the Auckland CBD in one of the cityrsquos newest suburbs The centre caters to a trade area population of 390090 residents and is the landmark retail destination in the area
The total retail spend in Westfield Albanyrsquos Total Trade Area in 2017 was estimated at $64 billion while the total retail spend in the Main Trade Area was estimated at $35 billion The total retail spend per capita for the Westfield Albany Main Trade Area was estimated at $16000 per annum in 2017 which is broadly in line with the Auckland Region average ($15866)
The average household income in the Main Trade Area in 2013 for Westfield Albany was $92848 per annum which is also broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 208 ha
Car Park Spaces 2373
Value
Acquisition Date 2007
Fair Value ($ million) SCG Share $3014
Fair Value ($ million) $5910
Valuation Date Dec 17
Retail Capitalisation Rate 588
Centre Opened 2007
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4077
Annual Sales Growth 25
Specialty Sales $13485 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $64
Population 218416 390442
Anchor Retailers
GLA
Farmers 9946 186
KMart 6742 126
New World 3387 63
Cinemas 6778 127
Major Tenant Total 26852 503
ALBANY NZ219 DON MCKINNON DRIVE AUCKLAND 0632 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 10 - Link To Disclaimer
Link to Trade Area Map
282 96401 m2 $5385 m 2880NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 83 ha
Car Park Spaces 2880
Value
Acquisition Date 1986
Fair Value ($ million) SCG Share $9350
Fair Value ($ million) $9350
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1978
Centre Redeveloped 2011
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5385
Annual Sales Growth -14
Specialty Sales $8683 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $78
Population 194658 448155
Anchor Retailers
GLA
Myer 17639 183
Harris Scarfe 2103 22
Target 6807 71
KMart 7654 79
Coles 4151 43
Woolworths 4820 50
Aldi 1525 16
Cinemas 4380 45
Toys R Us 3445 36
Dan Murphys 1328 14
Major Tenant Total 53852 559
BELCONNEN ACTBENJAMIN WAY BELCONNEN ACT 2617
Located in the northern suburbs of Canberra Westfield Belconnen was the largest shopping centre in the southern hemisphere when it opened in 1978 and is still one of Canberrarsquos biggest The centre is located 13 kilometres from the Canberra CBD and services a total trade area population of approximately 448000 residents
The centrersquos Total Trade Area retail spend was estimated at $78 billion in 2017 while the total retail spend for the Main Trade Area was estimated at $34 billion
The Main Trade Area was characterised at the 2016 Census by a high average household income of $116925 per annum 4 above the Sydney Metro average ($112106)
The total annual retail spend per capita in the Main Trade Area is estimated at $17072 17 above the Sydney Metro average ($14609)
There is a high concentration of professional workers in the centrersquos Main Trade Area owing to the abundance of sizeable commercial and government employers in the area 69 who own their own home or are paying off a mortgage while 32 of households are families with children under 15
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 11 - Link To Disclaimer
Link to Trade Area Map
477 131155 m2 $10943 m 3304NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Bondi Junction is one of Sydneyrsquos iconic retail destinations Situated in the heart of the Eastern Suburbs one of the cityrsquos most desirable areas the centre is only 6 kilometres from the Sydney CBD Servicing a trade area population in excess of 440000 the centre is one of the strongest performers in the Scentre Group portfolio with 2017 retail sales totalling $109 billion
The centre is defined by a premium retail offer that caters to its discerning style conscious clientele International luxury brands sit alongside local designers and some of the most coveted high street brands in the world The retail mix is complemented by a customer service offer that includes valet parking a styling suite lsquohandsfreersquo shopping and a concierge service
The centrersquos Total Trade Area spend was estimated at $78 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $38 billion
Average household income in 2016 in the Total Trade Area was $120703 per annum which is 8 higher than the Sydney Metro average ($112106) with a high retail spend per capita of $17694 per annum 21 above the Sydney Metro average ($14609)
The Total Trade Area includes large pockets of high density living with 63 of households being flats units or apartments Workers from the trade area skew towards managersprofessionals and there is also a higher proportion of younger residents aged between 25-39 years compared with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 28 ha
Car Park Spaces 3304
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $31436
Fair Value ($ million) $31436
Valuation Date Dec 17
Retail Capitalisation Rate 425
Centre Opened 1970
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10943
Annual Sales Growth 26
Specialty Sales $15956 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $74
Population 195755 441098
Anchor Retailers
GLA
Myer 17887 136
David Jones 19234 147
Target 5311 40
Coles 4758 36
Woolworths 3750 29
Cinemas 6719 51
Harvey Norman 1500 11
Major Tenant Total 59158 451
BONDI JUNCTION NSW500 OXFORD STREET BONDI JUNCTION NSW 2022
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 12 - Link To Disclaimer
Link to Trade Area Map
237 63215 m2 $4748 m 3014NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 3014
Value
Acquisition Date 1992
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1966
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4748
Annual Sales Growth -02
Specialty Sales $11428 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $65
Population 240829 454817
Anchor Retailers
GLA
David Jones 14658 232
Target 5933 94
KMart 6121 97
Coles 3919 62
Woolworths 3625 57
Cinemas 5697 90
Major Tenant Total 39953 632
BURWOOD NSW100 BURWOOD ROAD BURWOOD NSW 2134
Westfield Burwood is centrally located within Sydneyrsquos Inner West approximately 12 kilometres from the CBD Strategically positioned within easy reach of Burwood Railway Station on the bustling commercial strip the centre caters to a trade area population in excess of 454000 residents
The Total Trade Area retail spend is estimated at $65 billion while the Main Trade Area spend estimated to be $35 billion
Westfield Burwoodrsquos spend per capita for the Main Trade Area is estimated at $14717 which is broadly in line with the Sydney Metro average ($14609)
The centrersquos catchment area has a diverse population with 49 of the Main Trade Area born outside Australia and 36 born in Asia A high proportion of workers are professionals or other white collar workers and there are pockets of high density living with nearly 49 of homes being flats units or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 13 - Link To Disclaimer
Link to Trade Area Map
411 136609 m2 $8933 m 5897NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Carindale Property Trust (50)
APPF (50)
Centre Manager Scentre Group
Site Area 158 ha
Car Park Spaces 5897
Value
Acquisition Date 1999
Fair Value ($ million) SCG Share $8136
Fair Value ($ million) $16272
Valuation Date Dec 17a
Retail Capitalisation Rate 525
Centre Opened 1979
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8963
Annual Sales Growth 09
Specialty Sales $11150 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $93
Population 270989 663470
Anchor Retailers
GLA
Myer 20840 153
David Jones 15246 112
BIG W 8527 63
Target 8020 59
Harvey Norman 4814 35
Coles 4167 31
Woolworths 3971 29
Cinemas 3805 28
Harris Scarfe 2589 19
Aldi 1672 12
Major Tenant Total 73651 540
CARINDALE QLD1151 CREEK ROAD CARINDALE QLD 4152
Scentre Group has 566 interest in CPT
Westfield Carindale is situated in an affluent quarter of Brisbanersquos South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD The centre services a trade area population of approximately 663000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access
One of the cityrsquos leading retail destinations Carindale boasts a comprehensive fashion offer that includes Sas amp Bide Leona Edmiston and Chanel Beaute The adjoining Carindale Home amp Leisure Centre complements the retail mix with bulky goods retail
The total retail spend by the Westfield Carindale Total Trade Area in 2017 was estimated at $93 billion while the total retail spend by the Main Trade Area was estimated at $39 billion
The centrersquos total annual retail spend per capita is estimated at $14059 4 above the Brisbane Metro average ($13563) while the total annual retail spend per capita for the Main Trade Area is estimated to be $14548 which is 7 above the Brisbane Metro average ($13563)
Westfield Carindalersquos Main Trade Area had a high average household income in 2016 of $110814 per annum which is 11 above the Brisbane Metro average ($100034) Household composition is in line with the Brisbane Metro average with 29 being families with children under 15 years of age
In the Main Trade Area 78 of workers are professional or other white collar workers which is above the Brisbane Metro average of 70
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 4 -
Anchor RetailersScentre Group is the major landlord and an integral partner to major household retail brands such as David Jones Myer Farmers Target Kmart BIG W Coles Woolworths and Aldi Anchor retailers generally have lease terms of 20 to 25 years with stepped increases throughout the term that can be fixed linked to the consumer price index (CPI) or sales turnover based As of 31 December 2017 anchor retailers represented 53 of GLA and 16 of rental income
The following table outlines the anchor retailers in Scentre Grouprsquos portfolio as of 31 December 2017
Anchor Retailers No of Stores
GLA (000rsquos
sqm)
of Retail
GLA
Average Lease Term Remaining
(years)
Department Stores
Myer 22 3954 114 95
David Jones 16 2361 68 108
Farmers 4 322 09 63
Harris Scarfe 10 295 09 45
Sub Total 52 6932 200 96
Discount Department Stores
Target 32 2378 69 76
Kmart 24 1668 48 74
BIG W 18 1470 42 98
Sub Total 74 5516 159 81
Supermarkets
Coles 33 1282 37 85
Woolworths 30 1277 37 69
Aldi 17 255 07 53
Countdown 3 122 04 55
Pak N Save 1 63 02 65
New World 1 34 01 47
Spudshed 1 47 01 69
Sub Total 86 3080 90 73
Cinemas
Event Cinemas 16 955 28 73
Hoyts 9 457 13 74
Village Roadshow 5 329 09 82
Birch Carroll amp Coyle 2 144 04 75
Reading Cinemas 1 43 01 19
Sub Total 33 1928 56 74
Others
Toys R Us 10 278 08 19
Harvey Norman 5 216 06 27
Bunnings Warehouse 3 178 05 12
Dan Murphys 7 98 03 49
Kmart Garden 1 42 01 09
Sub Total 26 811 23 23
Grand Total 271 18267 528 82
SCENTRE GROUP PROPERTY COMPENDIUM 2016
- 4 -
Retailers and Lease Expiry Profile
Retailers No of Stores
GLA (000s
sqm)
of Retail
GLA
Super Retail Group 35 520 15
(Rebel Sport Rays Outdoors Supercheap Auto)
Cotton On Group 167 438 13
(Cotton On Cotton On Kids Cotton On Body Typo Rubi Shoes Factorie T-Bar Supre)
JB Hi Fi 32 374 11
(JB Hi Fi JB Hi Fi Home)
The Just Group 212 300 09
(Just Jeans Jay Jays Jacquie E Peter Alexander Portmans Dotti Smiggle)
Best amp Less 20 214 06
Country Road Group 81 196 06
(Country Road Trenery Witchery Mimco Politix)
BB Retail 147 176 05
(Lovisa Bras N Things Honey Birdette Adairs Adairs Kids Dusk)
Australian Pharmaceutical Industries 39 174 05
(Priceline Priceline Pharmacy Soul Pattinson Chemist)
ZARA 8 169 05
Specialty Fashion Group 98 160 05
(Millers Katies Autograph City Chic Crossroads Rivers)
Total 839 2722 79
Lease Expiry ProfileFor the year ended 31 December 2017 Scentre Group completed 2466 lease deals covering an aggregate of 345570 square metres Scentre Group has a 60 year weighted average unexpired lease term across the portfolio
00
50
100
150
200178
137
111116
111
60
4227
3529
80 73
99
5945
53
3728
Expiring
Total Portfolio Leased Area Specialty Store Retailers Leased Area
00
50
100
150
200
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Expiring 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
200
118 115
Other Retailers Specialty retailers generally have lease terms of 5 to 7 years and for larger stores 5 to 10 years Specialty store retailers generally have leases with annual contracted increases of CPI plus 2 For the year ended 31 December 2017 the 10 largest specialty store retailers represented 8 of GLA and contributed 10 of rental income
The following table outlines the 10 largest specialty store retailers as of 31 December 2017
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 5 -
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 6 -
At 31 December 2017 Ownership Interest
()
Carrying Amount
($m)
Retail Capitalisation
Rate
Total Annual Sales
($m)
Specialty Annual Sales
($psm)
Lettable Area (lsquo000s sqm)
Number of Tenants
Australia
Australian Capital Territory
Belconnen 1000 9350 550 5385 8683 964 282
Woden 500 3500 550 3620 9130 719 242
New South Wales
Bondi Junction 1000 31436 425 10943 15956 1312 477
Burwood 1000 10952 500 4748 11428 632 237
Chatswood 1000 13671 450 5924 11409 808 271
Hornsby 1000 10952 525 6568 8771 998 322
Hurstville 500 4375 525 5429 10555 621 258
Kotara2 1000 8150 575 4701 11087 742 259
Liverpool 500 5501 525 5004 9761 834 340
Miranda 500 12705 450 9494 12379 1285 456
Mt Druitt 500 3150 550 4121 8948 600 236
Parramatta 500 10343 475 8345 12215 1377 468
Penrith 500 7500 475 6761 12109 917 333
Sydney3 1000 50274 412 11839 22194 1660 337
Tuggerah 1000 7850 550 4798 9093 834 263
Warringah Mall 500 9300 500 7233 8837 1319 388
Queensland
Carindale4 500 8136 525 8963 11150 1366 411
Chermside1 1000 26150 450 9300 12833 1756 496
Garden City 1000 17050 475 7906 10422 1406 413
Helensvale 500 2375 575 3756 12416 449 188
North Lakes 500 4750 500 6508 10510 856 278
South Australia
Marion 500 7375 525 8367 11375 1371 332
Tea Tree Plaza2 500 4003 550 5027 11105 953 250
West Lakes2 500 2450 600 3778 9214 722 242
Victoria
Airport West 500 2135 575 3410 9205 523 171
Doncaster 500 12000 450 9374 14042 1222 429
Fountain Gate 1000 20900 450 10356 10242 1783 454
Geelong 500 2650 575 2743 8982 516 178
Knox 500 5765 550 6773 9332 1413 416
Plenty Valley2 500 2610 525 3518 8534 522 178
Southland 500 8075 500 8242 9369 1291 388
Western Australia
Carousel2 1000 10800 550 5020 10860 824 290
Stirling (Innaloo) 1000 3310 625 3296 8941 470 172
Whitford City1 500 3300 575 4477 7524 854 297
New Zealand (NZD)
Albany 510 3014 588 4077 13485 534 146
Manukau 510 1890 700 2809 11698 455 193
Newmarket 510 1418 663 5313 11688 313 109
Riccarton 510 3162 650 3470 14557 556 195
St Lukes 510 2652 625 1348 13125 398 177
Total Portfolio (AUD) 353874 4915 231501 11201 36174 11572
1 Developments completed during the year2 Properties currently under redevelopment3 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers As at 31 December 2017 the weighted average capitalisation
rate of Sydney was 432 comprising retail 412 (Sydney City 40 and Sydney Central Plaza 45) and office 495 4 50 interest in this shopping centre is consolidated and 217 (31 December 2016 235) is shown as non controlling interest In 2017 the Group
acquired additional securities in Carindale Property Trust (CPT) increasing the Grouprsquos interest in CPT to 566 (31 December 2016 530)5 Weighted average capitalisation rate including non-retail assets
Portfolio Details
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 7 -
Scentre Group
Property Profiles
Westfield Chatswood
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 8 - Link To Disclaimer
Link to Trade Area Map
171 52289 m2 $3410 2640NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Airport West is conveniently located just 10 minutes from Tullamarine Airport and caters to a trade area population of 323000 residents
High rates of home ownership and household incomes that are in line with the Melbourne metropolitan average are found in the Main Trade Area Family composition is broadly in line with the Melbourne average with 26 of households being families with children under 15 years
The Total Trade Area retail spend in 2017 was estimated to be $42 billion with the Main Trade Area spend estimated to be $14 billion with retail spend per capita ($14066) broadly in line with the Melbourne metro average ($14247) Average household incomes in the Main Trade Area as at the 2016 Census were $97194 per annum which was also broadly in line with the Melbourne metro average ($99752)
There is a high proportion of residents who own their own home or are paying off a mortgage and 26 of households in the Main Trade area are families with children under 15 years in line with the Melbourne Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 162 ha
Car Park Spaces 2640
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $2135
Fair Value ($ million) $4270
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1976
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3410
Annual Sales Growth 42
Specialty Sales $9205 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $14 $43
Population 98972 322892
Anchor Retailers
GLA
Harris Scarfe 2675 51
Target 7230 138
KMart 6918 132
Coles 4000 76
Woolworths 3661 70
Aldi 1489 28
Cinemas 2618 50
Major Tenant Total 28591 547
AIRPORT WEST VIC29-35 LOUIS STREET AIRPORT WEST VIC 3042
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 9 - Link To Disclaimer
Link to Trade Area Map
146 53395 m2 $4077 m 2373NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Albany is located north of the Waitemata Harbour approximately 15 kilometres northwest of the Auckland CBD in one of the cityrsquos newest suburbs The centre caters to a trade area population of 390090 residents and is the landmark retail destination in the area
The total retail spend in Westfield Albanyrsquos Total Trade Area in 2017 was estimated at $64 billion while the total retail spend in the Main Trade Area was estimated at $35 billion The total retail spend per capita for the Westfield Albany Main Trade Area was estimated at $16000 per annum in 2017 which is broadly in line with the Auckland Region average ($15866)
The average household income in the Main Trade Area in 2013 for Westfield Albany was $92848 per annum which is also broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 208 ha
Car Park Spaces 2373
Value
Acquisition Date 2007
Fair Value ($ million) SCG Share $3014
Fair Value ($ million) $5910
Valuation Date Dec 17
Retail Capitalisation Rate 588
Centre Opened 2007
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4077
Annual Sales Growth 25
Specialty Sales $13485 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $64
Population 218416 390442
Anchor Retailers
GLA
Farmers 9946 186
KMart 6742 126
New World 3387 63
Cinemas 6778 127
Major Tenant Total 26852 503
ALBANY NZ219 DON MCKINNON DRIVE AUCKLAND 0632 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 10 - Link To Disclaimer
Link to Trade Area Map
282 96401 m2 $5385 m 2880NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 83 ha
Car Park Spaces 2880
Value
Acquisition Date 1986
Fair Value ($ million) SCG Share $9350
Fair Value ($ million) $9350
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1978
Centre Redeveloped 2011
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5385
Annual Sales Growth -14
Specialty Sales $8683 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $78
Population 194658 448155
Anchor Retailers
GLA
Myer 17639 183
Harris Scarfe 2103 22
Target 6807 71
KMart 7654 79
Coles 4151 43
Woolworths 4820 50
Aldi 1525 16
Cinemas 4380 45
Toys R Us 3445 36
Dan Murphys 1328 14
Major Tenant Total 53852 559
BELCONNEN ACTBENJAMIN WAY BELCONNEN ACT 2617
Located in the northern suburbs of Canberra Westfield Belconnen was the largest shopping centre in the southern hemisphere when it opened in 1978 and is still one of Canberrarsquos biggest The centre is located 13 kilometres from the Canberra CBD and services a total trade area population of approximately 448000 residents
The centrersquos Total Trade Area retail spend was estimated at $78 billion in 2017 while the total retail spend for the Main Trade Area was estimated at $34 billion
The Main Trade Area was characterised at the 2016 Census by a high average household income of $116925 per annum 4 above the Sydney Metro average ($112106)
The total annual retail spend per capita in the Main Trade Area is estimated at $17072 17 above the Sydney Metro average ($14609)
There is a high concentration of professional workers in the centrersquos Main Trade Area owing to the abundance of sizeable commercial and government employers in the area 69 who own their own home or are paying off a mortgage while 32 of households are families with children under 15
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 11 - Link To Disclaimer
Link to Trade Area Map
477 131155 m2 $10943 m 3304NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Bondi Junction is one of Sydneyrsquos iconic retail destinations Situated in the heart of the Eastern Suburbs one of the cityrsquos most desirable areas the centre is only 6 kilometres from the Sydney CBD Servicing a trade area population in excess of 440000 the centre is one of the strongest performers in the Scentre Group portfolio with 2017 retail sales totalling $109 billion
The centre is defined by a premium retail offer that caters to its discerning style conscious clientele International luxury brands sit alongside local designers and some of the most coveted high street brands in the world The retail mix is complemented by a customer service offer that includes valet parking a styling suite lsquohandsfreersquo shopping and a concierge service
The centrersquos Total Trade Area spend was estimated at $78 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $38 billion
Average household income in 2016 in the Total Trade Area was $120703 per annum which is 8 higher than the Sydney Metro average ($112106) with a high retail spend per capita of $17694 per annum 21 above the Sydney Metro average ($14609)
The Total Trade Area includes large pockets of high density living with 63 of households being flats units or apartments Workers from the trade area skew towards managersprofessionals and there is also a higher proportion of younger residents aged between 25-39 years compared with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 28 ha
Car Park Spaces 3304
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $31436
Fair Value ($ million) $31436
Valuation Date Dec 17
Retail Capitalisation Rate 425
Centre Opened 1970
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10943
Annual Sales Growth 26
Specialty Sales $15956 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $74
Population 195755 441098
Anchor Retailers
GLA
Myer 17887 136
David Jones 19234 147
Target 5311 40
Coles 4758 36
Woolworths 3750 29
Cinemas 6719 51
Harvey Norman 1500 11
Major Tenant Total 59158 451
BONDI JUNCTION NSW500 OXFORD STREET BONDI JUNCTION NSW 2022
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 12 - Link To Disclaimer
Link to Trade Area Map
237 63215 m2 $4748 m 3014NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 3014
Value
Acquisition Date 1992
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1966
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4748
Annual Sales Growth -02
Specialty Sales $11428 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $65
Population 240829 454817
Anchor Retailers
GLA
David Jones 14658 232
Target 5933 94
KMart 6121 97
Coles 3919 62
Woolworths 3625 57
Cinemas 5697 90
Major Tenant Total 39953 632
BURWOOD NSW100 BURWOOD ROAD BURWOOD NSW 2134
Westfield Burwood is centrally located within Sydneyrsquos Inner West approximately 12 kilometres from the CBD Strategically positioned within easy reach of Burwood Railway Station on the bustling commercial strip the centre caters to a trade area population in excess of 454000 residents
The Total Trade Area retail spend is estimated at $65 billion while the Main Trade Area spend estimated to be $35 billion
Westfield Burwoodrsquos spend per capita for the Main Trade Area is estimated at $14717 which is broadly in line with the Sydney Metro average ($14609)
The centrersquos catchment area has a diverse population with 49 of the Main Trade Area born outside Australia and 36 born in Asia A high proportion of workers are professionals or other white collar workers and there are pockets of high density living with nearly 49 of homes being flats units or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 13 - Link To Disclaimer
Link to Trade Area Map
411 136609 m2 $8933 m 5897NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Carindale Property Trust (50)
APPF (50)
Centre Manager Scentre Group
Site Area 158 ha
Car Park Spaces 5897
Value
Acquisition Date 1999
Fair Value ($ million) SCG Share $8136
Fair Value ($ million) $16272
Valuation Date Dec 17a
Retail Capitalisation Rate 525
Centre Opened 1979
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8963
Annual Sales Growth 09
Specialty Sales $11150 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $93
Population 270989 663470
Anchor Retailers
GLA
Myer 20840 153
David Jones 15246 112
BIG W 8527 63
Target 8020 59
Harvey Norman 4814 35
Coles 4167 31
Woolworths 3971 29
Cinemas 3805 28
Harris Scarfe 2589 19
Aldi 1672 12
Major Tenant Total 73651 540
CARINDALE QLD1151 CREEK ROAD CARINDALE QLD 4152
Scentre Group has 566 interest in CPT
Westfield Carindale is situated in an affluent quarter of Brisbanersquos South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD The centre services a trade area population of approximately 663000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access
One of the cityrsquos leading retail destinations Carindale boasts a comprehensive fashion offer that includes Sas amp Bide Leona Edmiston and Chanel Beaute The adjoining Carindale Home amp Leisure Centre complements the retail mix with bulky goods retail
The total retail spend by the Westfield Carindale Total Trade Area in 2017 was estimated at $93 billion while the total retail spend by the Main Trade Area was estimated at $39 billion
The centrersquos total annual retail spend per capita is estimated at $14059 4 above the Brisbane Metro average ($13563) while the total annual retail spend per capita for the Main Trade Area is estimated to be $14548 which is 7 above the Brisbane Metro average ($13563)
Westfield Carindalersquos Main Trade Area had a high average household income in 2016 of $110814 per annum which is 11 above the Brisbane Metro average ($100034) Household composition is in line with the Brisbane Metro average with 29 being families with children under 15 years of age
In the Main Trade Area 78 of workers are professional or other white collar workers which is above the Brisbane Metro average of 70
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Retailers No of Stores
GLA (000s
sqm)
of Retail
GLA
Super Retail Group 35 520 15
(Rebel Sport Rays Outdoors Supercheap Auto)
Cotton On Group 167 438 13
(Cotton On Cotton On Kids Cotton On Body Typo Rubi Shoes Factorie T-Bar Supre)
JB Hi Fi 32 374 11
(JB Hi Fi JB Hi Fi Home)
The Just Group 212 300 09
(Just Jeans Jay Jays Jacquie E Peter Alexander Portmans Dotti Smiggle)
Best amp Less 20 214 06
Country Road Group 81 196 06
(Country Road Trenery Witchery Mimco Politix)
BB Retail 147 176 05
(Lovisa Bras N Things Honey Birdette Adairs Adairs Kids Dusk)
Australian Pharmaceutical Industries 39 174 05
(Priceline Priceline Pharmacy Soul Pattinson Chemist)
ZARA 8 169 05
Specialty Fashion Group 98 160 05
(Millers Katies Autograph City Chic Crossroads Rivers)
Total 839 2722 79
Lease Expiry ProfileFor the year ended 31 December 2017 Scentre Group completed 2466 lease deals covering an aggregate of 345570 square metres Scentre Group has a 60 year weighted average unexpired lease term across the portfolio
00
50
100
150
200178
137
111116
111
60
4227
3529
80 73
99
5945
53
3728
Expiring
Total Portfolio Leased Area Specialty Store Retailers Leased Area
00
50
100
150
200
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Expiring 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
200
118 115
Other Retailers Specialty retailers generally have lease terms of 5 to 7 years and for larger stores 5 to 10 years Specialty store retailers generally have leases with annual contracted increases of CPI plus 2 For the year ended 31 December 2017 the 10 largest specialty store retailers represented 8 of GLA and contributed 10 of rental income
The following table outlines the 10 largest specialty store retailers as of 31 December 2017
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 5 -
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 6 -
At 31 December 2017 Ownership Interest
()
Carrying Amount
($m)
Retail Capitalisation
Rate
Total Annual Sales
($m)
Specialty Annual Sales
($psm)
Lettable Area (lsquo000s sqm)
Number of Tenants
Australia
Australian Capital Territory
Belconnen 1000 9350 550 5385 8683 964 282
Woden 500 3500 550 3620 9130 719 242
New South Wales
Bondi Junction 1000 31436 425 10943 15956 1312 477
Burwood 1000 10952 500 4748 11428 632 237
Chatswood 1000 13671 450 5924 11409 808 271
Hornsby 1000 10952 525 6568 8771 998 322
Hurstville 500 4375 525 5429 10555 621 258
Kotara2 1000 8150 575 4701 11087 742 259
Liverpool 500 5501 525 5004 9761 834 340
Miranda 500 12705 450 9494 12379 1285 456
Mt Druitt 500 3150 550 4121 8948 600 236
Parramatta 500 10343 475 8345 12215 1377 468
Penrith 500 7500 475 6761 12109 917 333
Sydney3 1000 50274 412 11839 22194 1660 337
Tuggerah 1000 7850 550 4798 9093 834 263
Warringah Mall 500 9300 500 7233 8837 1319 388
Queensland
Carindale4 500 8136 525 8963 11150 1366 411
Chermside1 1000 26150 450 9300 12833 1756 496
Garden City 1000 17050 475 7906 10422 1406 413
Helensvale 500 2375 575 3756 12416 449 188
North Lakes 500 4750 500 6508 10510 856 278
South Australia
Marion 500 7375 525 8367 11375 1371 332
Tea Tree Plaza2 500 4003 550 5027 11105 953 250
West Lakes2 500 2450 600 3778 9214 722 242
Victoria
Airport West 500 2135 575 3410 9205 523 171
Doncaster 500 12000 450 9374 14042 1222 429
Fountain Gate 1000 20900 450 10356 10242 1783 454
Geelong 500 2650 575 2743 8982 516 178
Knox 500 5765 550 6773 9332 1413 416
Plenty Valley2 500 2610 525 3518 8534 522 178
Southland 500 8075 500 8242 9369 1291 388
Western Australia
Carousel2 1000 10800 550 5020 10860 824 290
Stirling (Innaloo) 1000 3310 625 3296 8941 470 172
Whitford City1 500 3300 575 4477 7524 854 297
New Zealand (NZD)
Albany 510 3014 588 4077 13485 534 146
Manukau 510 1890 700 2809 11698 455 193
Newmarket 510 1418 663 5313 11688 313 109
Riccarton 510 3162 650 3470 14557 556 195
St Lukes 510 2652 625 1348 13125 398 177
Total Portfolio (AUD) 353874 4915 231501 11201 36174 11572
1 Developments completed during the year2 Properties currently under redevelopment3 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers As at 31 December 2017 the weighted average capitalisation
rate of Sydney was 432 comprising retail 412 (Sydney City 40 and Sydney Central Plaza 45) and office 495 4 50 interest in this shopping centre is consolidated and 217 (31 December 2016 235) is shown as non controlling interest In 2017 the Group
acquired additional securities in Carindale Property Trust (CPT) increasing the Grouprsquos interest in CPT to 566 (31 December 2016 530)5 Weighted average capitalisation rate including non-retail assets
Portfolio Details
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 7 -
Scentre Group
Property Profiles
Westfield Chatswood
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 8 - Link To Disclaimer
Link to Trade Area Map
171 52289 m2 $3410 2640NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Airport West is conveniently located just 10 minutes from Tullamarine Airport and caters to a trade area population of 323000 residents
High rates of home ownership and household incomes that are in line with the Melbourne metropolitan average are found in the Main Trade Area Family composition is broadly in line with the Melbourne average with 26 of households being families with children under 15 years
The Total Trade Area retail spend in 2017 was estimated to be $42 billion with the Main Trade Area spend estimated to be $14 billion with retail spend per capita ($14066) broadly in line with the Melbourne metro average ($14247) Average household incomes in the Main Trade Area as at the 2016 Census were $97194 per annum which was also broadly in line with the Melbourne metro average ($99752)
There is a high proportion of residents who own their own home or are paying off a mortgage and 26 of households in the Main Trade area are families with children under 15 years in line with the Melbourne Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 162 ha
Car Park Spaces 2640
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $2135
Fair Value ($ million) $4270
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1976
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3410
Annual Sales Growth 42
Specialty Sales $9205 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $14 $43
Population 98972 322892
Anchor Retailers
GLA
Harris Scarfe 2675 51
Target 7230 138
KMart 6918 132
Coles 4000 76
Woolworths 3661 70
Aldi 1489 28
Cinemas 2618 50
Major Tenant Total 28591 547
AIRPORT WEST VIC29-35 LOUIS STREET AIRPORT WEST VIC 3042
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 9 - Link To Disclaimer
Link to Trade Area Map
146 53395 m2 $4077 m 2373NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Albany is located north of the Waitemata Harbour approximately 15 kilometres northwest of the Auckland CBD in one of the cityrsquos newest suburbs The centre caters to a trade area population of 390090 residents and is the landmark retail destination in the area
The total retail spend in Westfield Albanyrsquos Total Trade Area in 2017 was estimated at $64 billion while the total retail spend in the Main Trade Area was estimated at $35 billion The total retail spend per capita for the Westfield Albany Main Trade Area was estimated at $16000 per annum in 2017 which is broadly in line with the Auckland Region average ($15866)
The average household income in the Main Trade Area in 2013 for Westfield Albany was $92848 per annum which is also broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 208 ha
Car Park Spaces 2373
Value
Acquisition Date 2007
Fair Value ($ million) SCG Share $3014
Fair Value ($ million) $5910
Valuation Date Dec 17
Retail Capitalisation Rate 588
Centre Opened 2007
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4077
Annual Sales Growth 25
Specialty Sales $13485 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $64
Population 218416 390442
Anchor Retailers
GLA
Farmers 9946 186
KMart 6742 126
New World 3387 63
Cinemas 6778 127
Major Tenant Total 26852 503
ALBANY NZ219 DON MCKINNON DRIVE AUCKLAND 0632 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 10 - Link To Disclaimer
Link to Trade Area Map
282 96401 m2 $5385 m 2880NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 83 ha
Car Park Spaces 2880
Value
Acquisition Date 1986
Fair Value ($ million) SCG Share $9350
Fair Value ($ million) $9350
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1978
Centre Redeveloped 2011
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5385
Annual Sales Growth -14
Specialty Sales $8683 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $78
Population 194658 448155
Anchor Retailers
GLA
Myer 17639 183
Harris Scarfe 2103 22
Target 6807 71
KMart 7654 79
Coles 4151 43
Woolworths 4820 50
Aldi 1525 16
Cinemas 4380 45
Toys R Us 3445 36
Dan Murphys 1328 14
Major Tenant Total 53852 559
BELCONNEN ACTBENJAMIN WAY BELCONNEN ACT 2617
Located in the northern suburbs of Canberra Westfield Belconnen was the largest shopping centre in the southern hemisphere when it opened in 1978 and is still one of Canberrarsquos biggest The centre is located 13 kilometres from the Canberra CBD and services a total trade area population of approximately 448000 residents
The centrersquos Total Trade Area retail spend was estimated at $78 billion in 2017 while the total retail spend for the Main Trade Area was estimated at $34 billion
The Main Trade Area was characterised at the 2016 Census by a high average household income of $116925 per annum 4 above the Sydney Metro average ($112106)
The total annual retail spend per capita in the Main Trade Area is estimated at $17072 17 above the Sydney Metro average ($14609)
There is a high concentration of professional workers in the centrersquos Main Trade Area owing to the abundance of sizeable commercial and government employers in the area 69 who own their own home or are paying off a mortgage while 32 of households are families with children under 15
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 11 - Link To Disclaimer
Link to Trade Area Map
477 131155 m2 $10943 m 3304NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Bondi Junction is one of Sydneyrsquos iconic retail destinations Situated in the heart of the Eastern Suburbs one of the cityrsquos most desirable areas the centre is only 6 kilometres from the Sydney CBD Servicing a trade area population in excess of 440000 the centre is one of the strongest performers in the Scentre Group portfolio with 2017 retail sales totalling $109 billion
The centre is defined by a premium retail offer that caters to its discerning style conscious clientele International luxury brands sit alongside local designers and some of the most coveted high street brands in the world The retail mix is complemented by a customer service offer that includes valet parking a styling suite lsquohandsfreersquo shopping and a concierge service
The centrersquos Total Trade Area spend was estimated at $78 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $38 billion
Average household income in 2016 in the Total Trade Area was $120703 per annum which is 8 higher than the Sydney Metro average ($112106) with a high retail spend per capita of $17694 per annum 21 above the Sydney Metro average ($14609)
The Total Trade Area includes large pockets of high density living with 63 of households being flats units or apartments Workers from the trade area skew towards managersprofessionals and there is also a higher proportion of younger residents aged between 25-39 years compared with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 28 ha
Car Park Spaces 3304
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $31436
Fair Value ($ million) $31436
Valuation Date Dec 17
Retail Capitalisation Rate 425
Centre Opened 1970
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10943
Annual Sales Growth 26
Specialty Sales $15956 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $74
Population 195755 441098
Anchor Retailers
GLA
Myer 17887 136
David Jones 19234 147
Target 5311 40
Coles 4758 36
Woolworths 3750 29
Cinemas 6719 51
Harvey Norman 1500 11
Major Tenant Total 59158 451
BONDI JUNCTION NSW500 OXFORD STREET BONDI JUNCTION NSW 2022
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 12 - Link To Disclaimer
Link to Trade Area Map
237 63215 m2 $4748 m 3014NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 3014
Value
Acquisition Date 1992
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1966
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4748
Annual Sales Growth -02
Specialty Sales $11428 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $65
Population 240829 454817
Anchor Retailers
GLA
David Jones 14658 232
Target 5933 94
KMart 6121 97
Coles 3919 62
Woolworths 3625 57
Cinemas 5697 90
Major Tenant Total 39953 632
BURWOOD NSW100 BURWOOD ROAD BURWOOD NSW 2134
Westfield Burwood is centrally located within Sydneyrsquos Inner West approximately 12 kilometres from the CBD Strategically positioned within easy reach of Burwood Railway Station on the bustling commercial strip the centre caters to a trade area population in excess of 454000 residents
The Total Trade Area retail spend is estimated at $65 billion while the Main Trade Area spend estimated to be $35 billion
Westfield Burwoodrsquos spend per capita for the Main Trade Area is estimated at $14717 which is broadly in line with the Sydney Metro average ($14609)
The centrersquos catchment area has a diverse population with 49 of the Main Trade Area born outside Australia and 36 born in Asia A high proportion of workers are professionals or other white collar workers and there are pockets of high density living with nearly 49 of homes being flats units or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 13 - Link To Disclaimer
Link to Trade Area Map
411 136609 m2 $8933 m 5897NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Carindale Property Trust (50)
APPF (50)
Centre Manager Scentre Group
Site Area 158 ha
Car Park Spaces 5897
Value
Acquisition Date 1999
Fair Value ($ million) SCG Share $8136
Fair Value ($ million) $16272
Valuation Date Dec 17a
Retail Capitalisation Rate 525
Centre Opened 1979
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8963
Annual Sales Growth 09
Specialty Sales $11150 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $93
Population 270989 663470
Anchor Retailers
GLA
Myer 20840 153
David Jones 15246 112
BIG W 8527 63
Target 8020 59
Harvey Norman 4814 35
Coles 4167 31
Woolworths 3971 29
Cinemas 3805 28
Harris Scarfe 2589 19
Aldi 1672 12
Major Tenant Total 73651 540
CARINDALE QLD1151 CREEK ROAD CARINDALE QLD 4152
Scentre Group has 566 interest in CPT
Westfield Carindale is situated in an affluent quarter of Brisbanersquos South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD The centre services a trade area population of approximately 663000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access
One of the cityrsquos leading retail destinations Carindale boasts a comprehensive fashion offer that includes Sas amp Bide Leona Edmiston and Chanel Beaute The adjoining Carindale Home amp Leisure Centre complements the retail mix with bulky goods retail
The total retail spend by the Westfield Carindale Total Trade Area in 2017 was estimated at $93 billion while the total retail spend by the Main Trade Area was estimated at $39 billion
The centrersquos total annual retail spend per capita is estimated at $14059 4 above the Brisbane Metro average ($13563) while the total annual retail spend per capita for the Main Trade Area is estimated to be $14548 which is 7 above the Brisbane Metro average ($13563)
Westfield Carindalersquos Main Trade Area had a high average household income in 2016 of $110814 per annum which is 11 above the Brisbane Metro average ($100034) Household composition is in line with the Brisbane Metro average with 29 being families with children under 15 years of age
In the Main Trade Area 78 of workers are professional or other white collar workers which is above the Brisbane Metro average of 70
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 6 -
At 31 December 2017 Ownership Interest
()
Carrying Amount
($m)
Retail Capitalisation
Rate
Total Annual Sales
($m)
Specialty Annual Sales
($psm)
Lettable Area (lsquo000s sqm)
Number of Tenants
Australia
Australian Capital Territory
Belconnen 1000 9350 550 5385 8683 964 282
Woden 500 3500 550 3620 9130 719 242
New South Wales
Bondi Junction 1000 31436 425 10943 15956 1312 477
Burwood 1000 10952 500 4748 11428 632 237
Chatswood 1000 13671 450 5924 11409 808 271
Hornsby 1000 10952 525 6568 8771 998 322
Hurstville 500 4375 525 5429 10555 621 258
Kotara2 1000 8150 575 4701 11087 742 259
Liverpool 500 5501 525 5004 9761 834 340
Miranda 500 12705 450 9494 12379 1285 456
Mt Druitt 500 3150 550 4121 8948 600 236
Parramatta 500 10343 475 8345 12215 1377 468
Penrith 500 7500 475 6761 12109 917 333
Sydney3 1000 50274 412 11839 22194 1660 337
Tuggerah 1000 7850 550 4798 9093 834 263
Warringah Mall 500 9300 500 7233 8837 1319 388
Queensland
Carindale4 500 8136 525 8963 11150 1366 411
Chermside1 1000 26150 450 9300 12833 1756 496
Garden City 1000 17050 475 7906 10422 1406 413
Helensvale 500 2375 575 3756 12416 449 188
North Lakes 500 4750 500 6508 10510 856 278
South Australia
Marion 500 7375 525 8367 11375 1371 332
Tea Tree Plaza2 500 4003 550 5027 11105 953 250
West Lakes2 500 2450 600 3778 9214 722 242
Victoria
Airport West 500 2135 575 3410 9205 523 171
Doncaster 500 12000 450 9374 14042 1222 429
Fountain Gate 1000 20900 450 10356 10242 1783 454
Geelong 500 2650 575 2743 8982 516 178
Knox 500 5765 550 6773 9332 1413 416
Plenty Valley2 500 2610 525 3518 8534 522 178
Southland 500 8075 500 8242 9369 1291 388
Western Australia
Carousel2 1000 10800 550 5020 10860 824 290
Stirling (Innaloo) 1000 3310 625 3296 8941 470 172
Whitford City1 500 3300 575 4477 7524 854 297
New Zealand (NZD)
Albany 510 3014 588 4077 13485 534 146
Manukau 510 1890 700 2809 11698 455 193
Newmarket 510 1418 663 5313 11688 313 109
Riccarton 510 3162 650 3470 14557 556 195
St Lukes 510 2652 625 1348 13125 398 177
Total Portfolio (AUD) 353874 4915 231501 11201 36174 11572
1 Developments completed during the year2 Properties currently under redevelopment3 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers As at 31 December 2017 the weighted average capitalisation
rate of Sydney was 432 comprising retail 412 (Sydney City 40 and Sydney Central Plaza 45) and office 495 4 50 interest in this shopping centre is consolidated and 217 (31 December 2016 235) is shown as non controlling interest In 2017 the Group
acquired additional securities in Carindale Property Trust (CPT) increasing the Grouprsquos interest in CPT to 566 (31 December 2016 530)5 Weighted average capitalisation rate including non-retail assets
Portfolio Details
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 7 -
Scentre Group
Property Profiles
Westfield Chatswood
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 8 - Link To Disclaimer
Link to Trade Area Map
171 52289 m2 $3410 2640NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Airport West is conveniently located just 10 minutes from Tullamarine Airport and caters to a trade area population of 323000 residents
High rates of home ownership and household incomes that are in line with the Melbourne metropolitan average are found in the Main Trade Area Family composition is broadly in line with the Melbourne average with 26 of households being families with children under 15 years
The Total Trade Area retail spend in 2017 was estimated to be $42 billion with the Main Trade Area spend estimated to be $14 billion with retail spend per capita ($14066) broadly in line with the Melbourne metro average ($14247) Average household incomes in the Main Trade Area as at the 2016 Census were $97194 per annum which was also broadly in line with the Melbourne metro average ($99752)
There is a high proportion of residents who own their own home or are paying off a mortgage and 26 of households in the Main Trade area are families with children under 15 years in line with the Melbourne Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 162 ha
Car Park Spaces 2640
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $2135
Fair Value ($ million) $4270
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1976
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3410
Annual Sales Growth 42
Specialty Sales $9205 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $14 $43
Population 98972 322892
Anchor Retailers
GLA
Harris Scarfe 2675 51
Target 7230 138
KMart 6918 132
Coles 4000 76
Woolworths 3661 70
Aldi 1489 28
Cinemas 2618 50
Major Tenant Total 28591 547
AIRPORT WEST VIC29-35 LOUIS STREET AIRPORT WEST VIC 3042
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 9 - Link To Disclaimer
Link to Trade Area Map
146 53395 m2 $4077 m 2373NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Albany is located north of the Waitemata Harbour approximately 15 kilometres northwest of the Auckland CBD in one of the cityrsquos newest suburbs The centre caters to a trade area population of 390090 residents and is the landmark retail destination in the area
The total retail spend in Westfield Albanyrsquos Total Trade Area in 2017 was estimated at $64 billion while the total retail spend in the Main Trade Area was estimated at $35 billion The total retail spend per capita for the Westfield Albany Main Trade Area was estimated at $16000 per annum in 2017 which is broadly in line with the Auckland Region average ($15866)
The average household income in the Main Trade Area in 2013 for Westfield Albany was $92848 per annum which is also broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 208 ha
Car Park Spaces 2373
Value
Acquisition Date 2007
Fair Value ($ million) SCG Share $3014
Fair Value ($ million) $5910
Valuation Date Dec 17
Retail Capitalisation Rate 588
Centre Opened 2007
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4077
Annual Sales Growth 25
Specialty Sales $13485 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $64
Population 218416 390442
Anchor Retailers
GLA
Farmers 9946 186
KMart 6742 126
New World 3387 63
Cinemas 6778 127
Major Tenant Total 26852 503
ALBANY NZ219 DON MCKINNON DRIVE AUCKLAND 0632 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 10 - Link To Disclaimer
Link to Trade Area Map
282 96401 m2 $5385 m 2880NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 83 ha
Car Park Spaces 2880
Value
Acquisition Date 1986
Fair Value ($ million) SCG Share $9350
Fair Value ($ million) $9350
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1978
Centre Redeveloped 2011
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5385
Annual Sales Growth -14
Specialty Sales $8683 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $78
Population 194658 448155
Anchor Retailers
GLA
Myer 17639 183
Harris Scarfe 2103 22
Target 6807 71
KMart 7654 79
Coles 4151 43
Woolworths 4820 50
Aldi 1525 16
Cinemas 4380 45
Toys R Us 3445 36
Dan Murphys 1328 14
Major Tenant Total 53852 559
BELCONNEN ACTBENJAMIN WAY BELCONNEN ACT 2617
Located in the northern suburbs of Canberra Westfield Belconnen was the largest shopping centre in the southern hemisphere when it opened in 1978 and is still one of Canberrarsquos biggest The centre is located 13 kilometres from the Canberra CBD and services a total trade area population of approximately 448000 residents
The centrersquos Total Trade Area retail spend was estimated at $78 billion in 2017 while the total retail spend for the Main Trade Area was estimated at $34 billion
The Main Trade Area was characterised at the 2016 Census by a high average household income of $116925 per annum 4 above the Sydney Metro average ($112106)
The total annual retail spend per capita in the Main Trade Area is estimated at $17072 17 above the Sydney Metro average ($14609)
There is a high concentration of professional workers in the centrersquos Main Trade Area owing to the abundance of sizeable commercial and government employers in the area 69 who own their own home or are paying off a mortgage while 32 of households are families with children under 15
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 11 - Link To Disclaimer
Link to Trade Area Map
477 131155 m2 $10943 m 3304NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Bondi Junction is one of Sydneyrsquos iconic retail destinations Situated in the heart of the Eastern Suburbs one of the cityrsquos most desirable areas the centre is only 6 kilometres from the Sydney CBD Servicing a trade area population in excess of 440000 the centre is one of the strongest performers in the Scentre Group portfolio with 2017 retail sales totalling $109 billion
The centre is defined by a premium retail offer that caters to its discerning style conscious clientele International luxury brands sit alongside local designers and some of the most coveted high street brands in the world The retail mix is complemented by a customer service offer that includes valet parking a styling suite lsquohandsfreersquo shopping and a concierge service
The centrersquos Total Trade Area spend was estimated at $78 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $38 billion
Average household income in 2016 in the Total Trade Area was $120703 per annum which is 8 higher than the Sydney Metro average ($112106) with a high retail spend per capita of $17694 per annum 21 above the Sydney Metro average ($14609)
The Total Trade Area includes large pockets of high density living with 63 of households being flats units or apartments Workers from the trade area skew towards managersprofessionals and there is also a higher proportion of younger residents aged between 25-39 years compared with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 28 ha
Car Park Spaces 3304
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $31436
Fair Value ($ million) $31436
Valuation Date Dec 17
Retail Capitalisation Rate 425
Centre Opened 1970
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10943
Annual Sales Growth 26
Specialty Sales $15956 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $74
Population 195755 441098
Anchor Retailers
GLA
Myer 17887 136
David Jones 19234 147
Target 5311 40
Coles 4758 36
Woolworths 3750 29
Cinemas 6719 51
Harvey Norman 1500 11
Major Tenant Total 59158 451
BONDI JUNCTION NSW500 OXFORD STREET BONDI JUNCTION NSW 2022
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 12 - Link To Disclaimer
Link to Trade Area Map
237 63215 m2 $4748 m 3014NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 3014
Value
Acquisition Date 1992
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1966
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4748
Annual Sales Growth -02
Specialty Sales $11428 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $65
Population 240829 454817
Anchor Retailers
GLA
David Jones 14658 232
Target 5933 94
KMart 6121 97
Coles 3919 62
Woolworths 3625 57
Cinemas 5697 90
Major Tenant Total 39953 632
BURWOOD NSW100 BURWOOD ROAD BURWOOD NSW 2134
Westfield Burwood is centrally located within Sydneyrsquos Inner West approximately 12 kilometres from the CBD Strategically positioned within easy reach of Burwood Railway Station on the bustling commercial strip the centre caters to a trade area population in excess of 454000 residents
The Total Trade Area retail spend is estimated at $65 billion while the Main Trade Area spend estimated to be $35 billion
Westfield Burwoodrsquos spend per capita for the Main Trade Area is estimated at $14717 which is broadly in line with the Sydney Metro average ($14609)
The centrersquos catchment area has a diverse population with 49 of the Main Trade Area born outside Australia and 36 born in Asia A high proportion of workers are professionals or other white collar workers and there are pockets of high density living with nearly 49 of homes being flats units or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 13 - Link To Disclaimer
Link to Trade Area Map
411 136609 m2 $8933 m 5897NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Carindale Property Trust (50)
APPF (50)
Centre Manager Scentre Group
Site Area 158 ha
Car Park Spaces 5897
Value
Acquisition Date 1999
Fair Value ($ million) SCG Share $8136
Fair Value ($ million) $16272
Valuation Date Dec 17a
Retail Capitalisation Rate 525
Centre Opened 1979
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8963
Annual Sales Growth 09
Specialty Sales $11150 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $93
Population 270989 663470
Anchor Retailers
GLA
Myer 20840 153
David Jones 15246 112
BIG W 8527 63
Target 8020 59
Harvey Norman 4814 35
Coles 4167 31
Woolworths 3971 29
Cinemas 3805 28
Harris Scarfe 2589 19
Aldi 1672 12
Major Tenant Total 73651 540
CARINDALE QLD1151 CREEK ROAD CARINDALE QLD 4152
Scentre Group has 566 interest in CPT
Westfield Carindale is situated in an affluent quarter of Brisbanersquos South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD The centre services a trade area population of approximately 663000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access
One of the cityrsquos leading retail destinations Carindale boasts a comprehensive fashion offer that includes Sas amp Bide Leona Edmiston and Chanel Beaute The adjoining Carindale Home amp Leisure Centre complements the retail mix with bulky goods retail
The total retail spend by the Westfield Carindale Total Trade Area in 2017 was estimated at $93 billion while the total retail spend by the Main Trade Area was estimated at $39 billion
The centrersquos total annual retail spend per capita is estimated at $14059 4 above the Brisbane Metro average ($13563) while the total annual retail spend per capita for the Main Trade Area is estimated to be $14548 which is 7 above the Brisbane Metro average ($13563)
Westfield Carindalersquos Main Trade Area had a high average household income in 2016 of $110814 per annum which is 11 above the Brisbane Metro average ($100034) Household composition is in line with the Brisbane Metro average with 29 being families with children under 15 years of age
In the Main Trade Area 78 of workers are professional or other white collar workers which is above the Brisbane Metro average of 70
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 7 -
Scentre Group
Property Profiles
Westfield Chatswood
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 8 - Link To Disclaimer
Link to Trade Area Map
171 52289 m2 $3410 2640NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Airport West is conveniently located just 10 minutes from Tullamarine Airport and caters to a trade area population of 323000 residents
High rates of home ownership and household incomes that are in line with the Melbourne metropolitan average are found in the Main Trade Area Family composition is broadly in line with the Melbourne average with 26 of households being families with children under 15 years
The Total Trade Area retail spend in 2017 was estimated to be $42 billion with the Main Trade Area spend estimated to be $14 billion with retail spend per capita ($14066) broadly in line with the Melbourne metro average ($14247) Average household incomes in the Main Trade Area as at the 2016 Census were $97194 per annum which was also broadly in line with the Melbourne metro average ($99752)
There is a high proportion of residents who own their own home or are paying off a mortgage and 26 of households in the Main Trade area are families with children under 15 years in line with the Melbourne Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 162 ha
Car Park Spaces 2640
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $2135
Fair Value ($ million) $4270
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1976
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3410
Annual Sales Growth 42
Specialty Sales $9205 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $14 $43
Population 98972 322892
Anchor Retailers
GLA
Harris Scarfe 2675 51
Target 7230 138
KMart 6918 132
Coles 4000 76
Woolworths 3661 70
Aldi 1489 28
Cinemas 2618 50
Major Tenant Total 28591 547
AIRPORT WEST VIC29-35 LOUIS STREET AIRPORT WEST VIC 3042
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 9 - Link To Disclaimer
Link to Trade Area Map
146 53395 m2 $4077 m 2373NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Albany is located north of the Waitemata Harbour approximately 15 kilometres northwest of the Auckland CBD in one of the cityrsquos newest suburbs The centre caters to a trade area population of 390090 residents and is the landmark retail destination in the area
The total retail spend in Westfield Albanyrsquos Total Trade Area in 2017 was estimated at $64 billion while the total retail spend in the Main Trade Area was estimated at $35 billion The total retail spend per capita for the Westfield Albany Main Trade Area was estimated at $16000 per annum in 2017 which is broadly in line with the Auckland Region average ($15866)
The average household income in the Main Trade Area in 2013 for Westfield Albany was $92848 per annum which is also broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 208 ha
Car Park Spaces 2373
Value
Acquisition Date 2007
Fair Value ($ million) SCG Share $3014
Fair Value ($ million) $5910
Valuation Date Dec 17
Retail Capitalisation Rate 588
Centre Opened 2007
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4077
Annual Sales Growth 25
Specialty Sales $13485 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $64
Population 218416 390442
Anchor Retailers
GLA
Farmers 9946 186
KMart 6742 126
New World 3387 63
Cinemas 6778 127
Major Tenant Total 26852 503
ALBANY NZ219 DON MCKINNON DRIVE AUCKLAND 0632 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 10 - Link To Disclaimer
Link to Trade Area Map
282 96401 m2 $5385 m 2880NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 83 ha
Car Park Spaces 2880
Value
Acquisition Date 1986
Fair Value ($ million) SCG Share $9350
Fair Value ($ million) $9350
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1978
Centre Redeveloped 2011
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5385
Annual Sales Growth -14
Specialty Sales $8683 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $78
Population 194658 448155
Anchor Retailers
GLA
Myer 17639 183
Harris Scarfe 2103 22
Target 6807 71
KMart 7654 79
Coles 4151 43
Woolworths 4820 50
Aldi 1525 16
Cinemas 4380 45
Toys R Us 3445 36
Dan Murphys 1328 14
Major Tenant Total 53852 559
BELCONNEN ACTBENJAMIN WAY BELCONNEN ACT 2617
Located in the northern suburbs of Canberra Westfield Belconnen was the largest shopping centre in the southern hemisphere when it opened in 1978 and is still one of Canberrarsquos biggest The centre is located 13 kilometres from the Canberra CBD and services a total trade area population of approximately 448000 residents
The centrersquos Total Trade Area retail spend was estimated at $78 billion in 2017 while the total retail spend for the Main Trade Area was estimated at $34 billion
The Main Trade Area was characterised at the 2016 Census by a high average household income of $116925 per annum 4 above the Sydney Metro average ($112106)
The total annual retail spend per capita in the Main Trade Area is estimated at $17072 17 above the Sydney Metro average ($14609)
There is a high concentration of professional workers in the centrersquos Main Trade Area owing to the abundance of sizeable commercial and government employers in the area 69 who own their own home or are paying off a mortgage while 32 of households are families with children under 15
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 11 - Link To Disclaimer
Link to Trade Area Map
477 131155 m2 $10943 m 3304NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Bondi Junction is one of Sydneyrsquos iconic retail destinations Situated in the heart of the Eastern Suburbs one of the cityrsquos most desirable areas the centre is only 6 kilometres from the Sydney CBD Servicing a trade area population in excess of 440000 the centre is one of the strongest performers in the Scentre Group portfolio with 2017 retail sales totalling $109 billion
The centre is defined by a premium retail offer that caters to its discerning style conscious clientele International luxury brands sit alongside local designers and some of the most coveted high street brands in the world The retail mix is complemented by a customer service offer that includes valet parking a styling suite lsquohandsfreersquo shopping and a concierge service
The centrersquos Total Trade Area spend was estimated at $78 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $38 billion
Average household income in 2016 in the Total Trade Area was $120703 per annum which is 8 higher than the Sydney Metro average ($112106) with a high retail spend per capita of $17694 per annum 21 above the Sydney Metro average ($14609)
The Total Trade Area includes large pockets of high density living with 63 of households being flats units or apartments Workers from the trade area skew towards managersprofessionals and there is also a higher proportion of younger residents aged between 25-39 years compared with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 28 ha
Car Park Spaces 3304
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $31436
Fair Value ($ million) $31436
Valuation Date Dec 17
Retail Capitalisation Rate 425
Centre Opened 1970
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10943
Annual Sales Growth 26
Specialty Sales $15956 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $74
Population 195755 441098
Anchor Retailers
GLA
Myer 17887 136
David Jones 19234 147
Target 5311 40
Coles 4758 36
Woolworths 3750 29
Cinemas 6719 51
Harvey Norman 1500 11
Major Tenant Total 59158 451
BONDI JUNCTION NSW500 OXFORD STREET BONDI JUNCTION NSW 2022
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 12 - Link To Disclaimer
Link to Trade Area Map
237 63215 m2 $4748 m 3014NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 3014
Value
Acquisition Date 1992
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1966
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4748
Annual Sales Growth -02
Specialty Sales $11428 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $65
Population 240829 454817
Anchor Retailers
GLA
David Jones 14658 232
Target 5933 94
KMart 6121 97
Coles 3919 62
Woolworths 3625 57
Cinemas 5697 90
Major Tenant Total 39953 632
BURWOOD NSW100 BURWOOD ROAD BURWOOD NSW 2134
Westfield Burwood is centrally located within Sydneyrsquos Inner West approximately 12 kilometres from the CBD Strategically positioned within easy reach of Burwood Railway Station on the bustling commercial strip the centre caters to a trade area population in excess of 454000 residents
The Total Trade Area retail spend is estimated at $65 billion while the Main Trade Area spend estimated to be $35 billion
Westfield Burwoodrsquos spend per capita for the Main Trade Area is estimated at $14717 which is broadly in line with the Sydney Metro average ($14609)
The centrersquos catchment area has a diverse population with 49 of the Main Trade Area born outside Australia and 36 born in Asia A high proportion of workers are professionals or other white collar workers and there are pockets of high density living with nearly 49 of homes being flats units or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 13 - Link To Disclaimer
Link to Trade Area Map
411 136609 m2 $8933 m 5897NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Carindale Property Trust (50)
APPF (50)
Centre Manager Scentre Group
Site Area 158 ha
Car Park Spaces 5897
Value
Acquisition Date 1999
Fair Value ($ million) SCG Share $8136
Fair Value ($ million) $16272
Valuation Date Dec 17a
Retail Capitalisation Rate 525
Centre Opened 1979
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8963
Annual Sales Growth 09
Specialty Sales $11150 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $93
Population 270989 663470
Anchor Retailers
GLA
Myer 20840 153
David Jones 15246 112
BIG W 8527 63
Target 8020 59
Harvey Norman 4814 35
Coles 4167 31
Woolworths 3971 29
Cinemas 3805 28
Harris Scarfe 2589 19
Aldi 1672 12
Major Tenant Total 73651 540
CARINDALE QLD1151 CREEK ROAD CARINDALE QLD 4152
Scentre Group has 566 interest in CPT
Westfield Carindale is situated in an affluent quarter of Brisbanersquos South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD The centre services a trade area population of approximately 663000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access
One of the cityrsquos leading retail destinations Carindale boasts a comprehensive fashion offer that includes Sas amp Bide Leona Edmiston and Chanel Beaute The adjoining Carindale Home amp Leisure Centre complements the retail mix with bulky goods retail
The total retail spend by the Westfield Carindale Total Trade Area in 2017 was estimated at $93 billion while the total retail spend by the Main Trade Area was estimated at $39 billion
The centrersquos total annual retail spend per capita is estimated at $14059 4 above the Brisbane Metro average ($13563) while the total annual retail spend per capita for the Main Trade Area is estimated to be $14548 which is 7 above the Brisbane Metro average ($13563)
Westfield Carindalersquos Main Trade Area had a high average household income in 2016 of $110814 per annum which is 11 above the Brisbane Metro average ($100034) Household composition is in line with the Brisbane Metro average with 29 being families with children under 15 years of age
In the Main Trade Area 78 of workers are professional or other white collar workers which is above the Brisbane Metro average of 70
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 8 - Link To Disclaimer
Link to Trade Area Map
171 52289 m2 $3410 2640NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Airport West is conveniently located just 10 minutes from Tullamarine Airport and caters to a trade area population of 323000 residents
High rates of home ownership and household incomes that are in line with the Melbourne metropolitan average are found in the Main Trade Area Family composition is broadly in line with the Melbourne average with 26 of households being families with children under 15 years
The Total Trade Area retail spend in 2017 was estimated to be $42 billion with the Main Trade Area spend estimated to be $14 billion with retail spend per capita ($14066) broadly in line with the Melbourne metro average ($14247) Average household incomes in the Main Trade Area as at the 2016 Census were $97194 per annum which was also broadly in line with the Melbourne metro average ($99752)
There is a high proportion of residents who own their own home or are paying off a mortgage and 26 of households in the Main Trade area are families with children under 15 years in line with the Melbourne Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 162 ha
Car Park Spaces 2640
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $2135
Fair Value ($ million) $4270
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1976
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3410
Annual Sales Growth 42
Specialty Sales $9205 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $14 $43
Population 98972 322892
Anchor Retailers
GLA
Harris Scarfe 2675 51
Target 7230 138
KMart 6918 132
Coles 4000 76
Woolworths 3661 70
Aldi 1489 28
Cinemas 2618 50
Major Tenant Total 28591 547
AIRPORT WEST VIC29-35 LOUIS STREET AIRPORT WEST VIC 3042
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 9 - Link To Disclaimer
Link to Trade Area Map
146 53395 m2 $4077 m 2373NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Albany is located north of the Waitemata Harbour approximately 15 kilometres northwest of the Auckland CBD in one of the cityrsquos newest suburbs The centre caters to a trade area population of 390090 residents and is the landmark retail destination in the area
The total retail spend in Westfield Albanyrsquos Total Trade Area in 2017 was estimated at $64 billion while the total retail spend in the Main Trade Area was estimated at $35 billion The total retail spend per capita for the Westfield Albany Main Trade Area was estimated at $16000 per annum in 2017 which is broadly in line with the Auckland Region average ($15866)
The average household income in the Main Trade Area in 2013 for Westfield Albany was $92848 per annum which is also broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 208 ha
Car Park Spaces 2373
Value
Acquisition Date 2007
Fair Value ($ million) SCG Share $3014
Fair Value ($ million) $5910
Valuation Date Dec 17
Retail Capitalisation Rate 588
Centre Opened 2007
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4077
Annual Sales Growth 25
Specialty Sales $13485 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $64
Population 218416 390442
Anchor Retailers
GLA
Farmers 9946 186
KMart 6742 126
New World 3387 63
Cinemas 6778 127
Major Tenant Total 26852 503
ALBANY NZ219 DON MCKINNON DRIVE AUCKLAND 0632 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 10 - Link To Disclaimer
Link to Trade Area Map
282 96401 m2 $5385 m 2880NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 83 ha
Car Park Spaces 2880
Value
Acquisition Date 1986
Fair Value ($ million) SCG Share $9350
Fair Value ($ million) $9350
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1978
Centre Redeveloped 2011
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5385
Annual Sales Growth -14
Specialty Sales $8683 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $78
Population 194658 448155
Anchor Retailers
GLA
Myer 17639 183
Harris Scarfe 2103 22
Target 6807 71
KMart 7654 79
Coles 4151 43
Woolworths 4820 50
Aldi 1525 16
Cinemas 4380 45
Toys R Us 3445 36
Dan Murphys 1328 14
Major Tenant Total 53852 559
BELCONNEN ACTBENJAMIN WAY BELCONNEN ACT 2617
Located in the northern suburbs of Canberra Westfield Belconnen was the largest shopping centre in the southern hemisphere when it opened in 1978 and is still one of Canberrarsquos biggest The centre is located 13 kilometres from the Canberra CBD and services a total trade area population of approximately 448000 residents
The centrersquos Total Trade Area retail spend was estimated at $78 billion in 2017 while the total retail spend for the Main Trade Area was estimated at $34 billion
The Main Trade Area was characterised at the 2016 Census by a high average household income of $116925 per annum 4 above the Sydney Metro average ($112106)
The total annual retail spend per capita in the Main Trade Area is estimated at $17072 17 above the Sydney Metro average ($14609)
There is a high concentration of professional workers in the centrersquos Main Trade Area owing to the abundance of sizeable commercial and government employers in the area 69 who own their own home or are paying off a mortgage while 32 of households are families with children under 15
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 11 - Link To Disclaimer
Link to Trade Area Map
477 131155 m2 $10943 m 3304NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Bondi Junction is one of Sydneyrsquos iconic retail destinations Situated in the heart of the Eastern Suburbs one of the cityrsquos most desirable areas the centre is only 6 kilometres from the Sydney CBD Servicing a trade area population in excess of 440000 the centre is one of the strongest performers in the Scentre Group portfolio with 2017 retail sales totalling $109 billion
The centre is defined by a premium retail offer that caters to its discerning style conscious clientele International luxury brands sit alongside local designers and some of the most coveted high street brands in the world The retail mix is complemented by a customer service offer that includes valet parking a styling suite lsquohandsfreersquo shopping and a concierge service
The centrersquos Total Trade Area spend was estimated at $78 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $38 billion
Average household income in 2016 in the Total Trade Area was $120703 per annum which is 8 higher than the Sydney Metro average ($112106) with a high retail spend per capita of $17694 per annum 21 above the Sydney Metro average ($14609)
The Total Trade Area includes large pockets of high density living with 63 of households being flats units or apartments Workers from the trade area skew towards managersprofessionals and there is also a higher proportion of younger residents aged between 25-39 years compared with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 28 ha
Car Park Spaces 3304
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $31436
Fair Value ($ million) $31436
Valuation Date Dec 17
Retail Capitalisation Rate 425
Centre Opened 1970
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10943
Annual Sales Growth 26
Specialty Sales $15956 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $74
Population 195755 441098
Anchor Retailers
GLA
Myer 17887 136
David Jones 19234 147
Target 5311 40
Coles 4758 36
Woolworths 3750 29
Cinemas 6719 51
Harvey Norman 1500 11
Major Tenant Total 59158 451
BONDI JUNCTION NSW500 OXFORD STREET BONDI JUNCTION NSW 2022
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 12 - Link To Disclaimer
Link to Trade Area Map
237 63215 m2 $4748 m 3014NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 3014
Value
Acquisition Date 1992
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1966
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4748
Annual Sales Growth -02
Specialty Sales $11428 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $65
Population 240829 454817
Anchor Retailers
GLA
David Jones 14658 232
Target 5933 94
KMart 6121 97
Coles 3919 62
Woolworths 3625 57
Cinemas 5697 90
Major Tenant Total 39953 632
BURWOOD NSW100 BURWOOD ROAD BURWOOD NSW 2134
Westfield Burwood is centrally located within Sydneyrsquos Inner West approximately 12 kilometres from the CBD Strategically positioned within easy reach of Burwood Railway Station on the bustling commercial strip the centre caters to a trade area population in excess of 454000 residents
The Total Trade Area retail spend is estimated at $65 billion while the Main Trade Area spend estimated to be $35 billion
Westfield Burwoodrsquos spend per capita for the Main Trade Area is estimated at $14717 which is broadly in line with the Sydney Metro average ($14609)
The centrersquos catchment area has a diverse population with 49 of the Main Trade Area born outside Australia and 36 born in Asia A high proportion of workers are professionals or other white collar workers and there are pockets of high density living with nearly 49 of homes being flats units or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 13 - Link To Disclaimer
Link to Trade Area Map
411 136609 m2 $8933 m 5897NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Carindale Property Trust (50)
APPF (50)
Centre Manager Scentre Group
Site Area 158 ha
Car Park Spaces 5897
Value
Acquisition Date 1999
Fair Value ($ million) SCG Share $8136
Fair Value ($ million) $16272
Valuation Date Dec 17a
Retail Capitalisation Rate 525
Centre Opened 1979
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8963
Annual Sales Growth 09
Specialty Sales $11150 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $93
Population 270989 663470
Anchor Retailers
GLA
Myer 20840 153
David Jones 15246 112
BIG W 8527 63
Target 8020 59
Harvey Norman 4814 35
Coles 4167 31
Woolworths 3971 29
Cinemas 3805 28
Harris Scarfe 2589 19
Aldi 1672 12
Major Tenant Total 73651 540
CARINDALE QLD1151 CREEK ROAD CARINDALE QLD 4152
Scentre Group has 566 interest in CPT
Westfield Carindale is situated in an affluent quarter of Brisbanersquos South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD The centre services a trade area population of approximately 663000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access
One of the cityrsquos leading retail destinations Carindale boasts a comprehensive fashion offer that includes Sas amp Bide Leona Edmiston and Chanel Beaute The adjoining Carindale Home amp Leisure Centre complements the retail mix with bulky goods retail
The total retail spend by the Westfield Carindale Total Trade Area in 2017 was estimated at $93 billion while the total retail spend by the Main Trade Area was estimated at $39 billion
The centrersquos total annual retail spend per capita is estimated at $14059 4 above the Brisbane Metro average ($13563) while the total annual retail spend per capita for the Main Trade Area is estimated to be $14548 which is 7 above the Brisbane Metro average ($13563)
Westfield Carindalersquos Main Trade Area had a high average household income in 2016 of $110814 per annum which is 11 above the Brisbane Metro average ($100034) Household composition is in line with the Brisbane Metro average with 29 being families with children under 15 years of age
In the Main Trade Area 78 of workers are professional or other white collar workers which is above the Brisbane Metro average of 70
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 9 - Link To Disclaimer
Link to Trade Area Map
146 53395 m2 $4077 m 2373NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Albany is located north of the Waitemata Harbour approximately 15 kilometres northwest of the Auckland CBD in one of the cityrsquos newest suburbs The centre caters to a trade area population of 390090 residents and is the landmark retail destination in the area
The total retail spend in Westfield Albanyrsquos Total Trade Area in 2017 was estimated at $64 billion while the total retail spend in the Main Trade Area was estimated at $35 billion The total retail spend per capita for the Westfield Albany Main Trade Area was estimated at $16000 per annum in 2017 which is broadly in line with the Auckland Region average ($15866)
The average household income in the Main Trade Area in 2013 for Westfield Albany was $92848 per annum which is also broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 208 ha
Car Park Spaces 2373
Value
Acquisition Date 2007
Fair Value ($ million) SCG Share $3014
Fair Value ($ million) $5910
Valuation Date Dec 17
Retail Capitalisation Rate 588
Centre Opened 2007
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4077
Annual Sales Growth 25
Specialty Sales $13485 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $64
Population 218416 390442
Anchor Retailers
GLA
Farmers 9946 186
KMart 6742 126
New World 3387 63
Cinemas 6778 127
Major Tenant Total 26852 503
ALBANY NZ219 DON MCKINNON DRIVE AUCKLAND 0632 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 10 - Link To Disclaimer
Link to Trade Area Map
282 96401 m2 $5385 m 2880NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 83 ha
Car Park Spaces 2880
Value
Acquisition Date 1986
Fair Value ($ million) SCG Share $9350
Fair Value ($ million) $9350
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1978
Centre Redeveloped 2011
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5385
Annual Sales Growth -14
Specialty Sales $8683 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $78
Population 194658 448155
Anchor Retailers
GLA
Myer 17639 183
Harris Scarfe 2103 22
Target 6807 71
KMart 7654 79
Coles 4151 43
Woolworths 4820 50
Aldi 1525 16
Cinemas 4380 45
Toys R Us 3445 36
Dan Murphys 1328 14
Major Tenant Total 53852 559
BELCONNEN ACTBENJAMIN WAY BELCONNEN ACT 2617
Located in the northern suburbs of Canberra Westfield Belconnen was the largest shopping centre in the southern hemisphere when it opened in 1978 and is still one of Canberrarsquos biggest The centre is located 13 kilometres from the Canberra CBD and services a total trade area population of approximately 448000 residents
The centrersquos Total Trade Area retail spend was estimated at $78 billion in 2017 while the total retail spend for the Main Trade Area was estimated at $34 billion
The Main Trade Area was characterised at the 2016 Census by a high average household income of $116925 per annum 4 above the Sydney Metro average ($112106)
The total annual retail spend per capita in the Main Trade Area is estimated at $17072 17 above the Sydney Metro average ($14609)
There is a high concentration of professional workers in the centrersquos Main Trade Area owing to the abundance of sizeable commercial and government employers in the area 69 who own their own home or are paying off a mortgage while 32 of households are families with children under 15
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 11 - Link To Disclaimer
Link to Trade Area Map
477 131155 m2 $10943 m 3304NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Bondi Junction is one of Sydneyrsquos iconic retail destinations Situated in the heart of the Eastern Suburbs one of the cityrsquos most desirable areas the centre is only 6 kilometres from the Sydney CBD Servicing a trade area population in excess of 440000 the centre is one of the strongest performers in the Scentre Group portfolio with 2017 retail sales totalling $109 billion
The centre is defined by a premium retail offer that caters to its discerning style conscious clientele International luxury brands sit alongside local designers and some of the most coveted high street brands in the world The retail mix is complemented by a customer service offer that includes valet parking a styling suite lsquohandsfreersquo shopping and a concierge service
The centrersquos Total Trade Area spend was estimated at $78 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $38 billion
Average household income in 2016 in the Total Trade Area was $120703 per annum which is 8 higher than the Sydney Metro average ($112106) with a high retail spend per capita of $17694 per annum 21 above the Sydney Metro average ($14609)
The Total Trade Area includes large pockets of high density living with 63 of households being flats units or apartments Workers from the trade area skew towards managersprofessionals and there is also a higher proportion of younger residents aged between 25-39 years compared with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 28 ha
Car Park Spaces 3304
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $31436
Fair Value ($ million) $31436
Valuation Date Dec 17
Retail Capitalisation Rate 425
Centre Opened 1970
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10943
Annual Sales Growth 26
Specialty Sales $15956 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $74
Population 195755 441098
Anchor Retailers
GLA
Myer 17887 136
David Jones 19234 147
Target 5311 40
Coles 4758 36
Woolworths 3750 29
Cinemas 6719 51
Harvey Norman 1500 11
Major Tenant Total 59158 451
BONDI JUNCTION NSW500 OXFORD STREET BONDI JUNCTION NSW 2022
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 12 - Link To Disclaimer
Link to Trade Area Map
237 63215 m2 $4748 m 3014NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 3014
Value
Acquisition Date 1992
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1966
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4748
Annual Sales Growth -02
Specialty Sales $11428 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $65
Population 240829 454817
Anchor Retailers
GLA
David Jones 14658 232
Target 5933 94
KMart 6121 97
Coles 3919 62
Woolworths 3625 57
Cinemas 5697 90
Major Tenant Total 39953 632
BURWOOD NSW100 BURWOOD ROAD BURWOOD NSW 2134
Westfield Burwood is centrally located within Sydneyrsquos Inner West approximately 12 kilometres from the CBD Strategically positioned within easy reach of Burwood Railway Station on the bustling commercial strip the centre caters to a trade area population in excess of 454000 residents
The Total Trade Area retail spend is estimated at $65 billion while the Main Trade Area spend estimated to be $35 billion
Westfield Burwoodrsquos spend per capita for the Main Trade Area is estimated at $14717 which is broadly in line with the Sydney Metro average ($14609)
The centrersquos catchment area has a diverse population with 49 of the Main Trade Area born outside Australia and 36 born in Asia A high proportion of workers are professionals or other white collar workers and there are pockets of high density living with nearly 49 of homes being flats units or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 13 - Link To Disclaimer
Link to Trade Area Map
411 136609 m2 $8933 m 5897NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Carindale Property Trust (50)
APPF (50)
Centre Manager Scentre Group
Site Area 158 ha
Car Park Spaces 5897
Value
Acquisition Date 1999
Fair Value ($ million) SCG Share $8136
Fair Value ($ million) $16272
Valuation Date Dec 17a
Retail Capitalisation Rate 525
Centre Opened 1979
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8963
Annual Sales Growth 09
Specialty Sales $11150 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $93
Population 270989 663470
Anchor Retailers
GLA
Myer 20840 153
David Jones 15246 112
BIG W 8527 63
Target 8020 59
Harvey Norman 4814 35
Coles 4167 31
Woolworths 3971 29
Cinemas 3805 28
Harris Scarfe 2589 19
Aldi 1672 12
Major Tenant Total 73651 540
CARINDALE QLD1151 CREEK ROAD CARINDALE QLD 4152
Scentre Group has 566 interest in CPT
Westfield Carindale is situated in an affluent quarter of Brisbanersquos South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD The centre services a trade area population of approximately 663000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access
One of the cityrsquos leading retail destinations Carindale boasts a comprehensive fashion offer that includes Sas amp Bide Leona Edmiston and Chanel Beaute The adjoining Carindale Home amp Leisure Centre complements the retail mix with bulky goods retail
The total retail spend by the Westfield Carindale Total Trade Area in 2017 was estimated at $93 billion while the total retail spend by the Main Trade Area was estimated at $39 billion
The centrersquos total annual retail spend per capita is estimated at $14059 4 above the Brisbane Metro average ($13563) while the total annual retail spend per capita for the Main Trade Area is estimated to be $14548 which is 7 above the Brisbane Metro average ($13563)
Westfield Carindalersquos Main Trade Area had a high average household income in 2016 of $110814 per annum which is 11 above the Brisbane Metro average ($100034) Household composition is in line with the Brisbane Metro average with 29 being families with children under 15 years of age
In the Main Trade Area 78 of workers are professional or other white collar workers which is above the Brisbane Metro average of 70
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 10 - Link To Disclaimer
Link to Trade Area Map
282 96401 m2 $5385 m 2880NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 83 ha
Car Park Spaces 2880
Value
Acquisition Date 1986
Fair Value ($ million) SCG Share $9350
Fair Value ($ million) $9350
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1978
Centre Redeveloped 2011
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5385
Annual Sales Growth -14
Specialty Sales $8683 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $78
Population 194658 448155
Anchor Retailers
GLA
Myer 17639 183
Harris Scarfe 2103 22
Target 6807 71
KMart 7654 79
Coles 4151 43
Woolworths 4820 50
Aldi 1525 16
Cinemas 4380 45
Toys R Us 3445 36
Dan Murphys 1328 14
Major Tenant Total 53852 559
BELCONNEN ACTBENJAMIN WAY BELCONNEN ACT 2617
Located in the northern suburbs of Canberra Westfield Belconnen was the largest shopping centre in the southern hemisphere when it opened in 1978 and is still one of Canberrarsquos biggest The centre is located 13 kilometres from the Canberra CBD and services a total trade area population of approximately 448000 residents
The centrersquos Total Trade Area retail spend was estimated at $78 billion in 2017 while the total retail spend for the Main Trade Area was estimated at $34 billion
The Main Trade Area was characterised at the 2016 Census by a high average household income of $116925 per annum 4 above the Sydney Metro average ($112106)
The total annual retail spend per capita in the Main Trade Area is estimated at $17072 17 above the Sydney Metro average ($14609)
There is a high concentration of professional workers in the centrersquos Main Trade Area owing to the abundance of sizeable commercial and government employers in the area 69 who own their own home or are paying off a mortgage while 32 of households are families with children under 15
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 11 - Link To Disclaimer
Link to Trade Area Map
477 131155 m2 $10943 m 3304NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Bondi Junction is one of Sydneyrsquos iconic retail destinations Situated in the heart of the Eastern Suburbs one of the cityrsquos most desirable areas the centre is only 6 kilometres from the Sydney CBD Servicing a trade area population in excess of 440000 the centre is one of the strongest performers in the Scentre Group portfolio with 2017 retail sales totalling $109 billion
The centre is defined by a premium retail offer that caters to its discerning style conscious clientele International luxury brands sit alongside local designers and some of the most coveted high street brands in the world The retail mix is complemented by a customer service offer that includes valet parking a styling suite lsquohandsfreersquo shopping and a concierge service
The centrersquos Total Trade Area spend was estimated at $78 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $38 billion
Average household income in 2016 in the Total Trade Area was $120703 per annum which is 8 higher than the Sydney Metro average ($112106) with a high retail spend per capita of $17694 per annum 21 above the Sydney Metro average ($14609)
The Total Trade Area includes large pockets of high density living with 63 of households being flats units or apartments Workers from the trade area skew towards managersprofessionals and there is also a higher proportion of younger residents aged between 25-39 years compared with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 28 ha
Car Park Spaces 3304
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $31436
Fair Value ($ million) $31436
Valuation Date Dec 17
Retail Capitalisation Rate 425
Centre Opened 1970
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10943
Annual Sales Growth 26
Specialty Sales $15956 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $74
Population 195755 441098
Anchor Retailers
GLA
Myer 17887 136
David Jones 19234 147
Target 5311 40
Coles 4758 36
Woolworths 3750 29
Cinemas 6719 51
Harvey Norman 1500 11
Major Tenant Total 59158 451
BONDI JUNCTION NSW500 OXFORD STREET BONDI JUNCTION NSW 2022
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 12 - Link To Disclaimer
Link to Trade Area Map
237 63215 m2 $4748 m 3014NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 3014
Value
Acquisition Date 1992
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1966
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4748
Annual Sales Growth -02
Specialty Sales $11428 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $65
Population 240829 454817
Anchor Retailers
GLA
David Jones 14658 232
Target 5933 94
KMart 6121 97
Coles 3919 62
Woolworths 3625 57
Cinemas 5697 90
Major Tenant Total 39953 632
BURWOOD NSW100 BURWOOD ROAD BURWOOD NSW 2134
Westfield Burwood is centrally located within Sydneyrsquos Inner West approximately 12 kilometres from the CBD Strategically positioned within easy reach of Burwood Railway Station on the bustling commercial strip the centre caters to a trade area population in excess of 454000 residents
The Total Trade Area retail spend is estimated at $65 billion while the Main Trade Area spend estimated to be $35 billion
Westfield Burwoodrsquos spend per capita for the Main Trade Area is estimated at $14717 which is broadly in line with the Sydney Metro average ($14609)
The centrersquos catchment area has a diverse population with 49 of the Main Trade Area born outside Australia and 36 born in Asia A high proportion of workers are professionals or other white collar workers and there are pockets of high density living with nearly 49 of homes being flats units or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 13 - Link To Disclaimer
Link to Trade Area Map
411 136609 m2 $8933 m 5897NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Carindale Property Trust (50)
APPF (50)
Centre Manager Scentre Group
Site Area 158 ha
Car Park Spaces 5897
Value
Acquisition Date 1999
Fair Value ($ million) SCG Share $8136
Fair Value ($ million) $16272
Valuation Date Dec 17a
Retail Capitalisation Rate 525
Centre Opened 1979
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8963
Annual Sales Growth 09
Specialty Sales $11150 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $93
Population 270989 663470
Anchor Retailers
GLA
Myer 20840 153
David Jones 15246 112
BIG W 8527 63
Target 8020 59
Harvey Norman 4814 35
Coles 4167 31
Woolworths 3971 29
Cinemas 3805 28
Harris Scarfe 2589 19
Aldi 1672 12
Major Tenant Total 73651 540
CARINDALE QLD1151 CREEK ROAD CARINDALE QLD 4152
Scentre Group has 566 interest in CPT
Westfield Carindale is situated in an affluent quarter of Brisbanersquos South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD The centre services a trade area population of approximately 663000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access
One of the cityrsquos leading retail destinations Carindale boasts a comprehensive fashion offer that includes Sas amp Bide Leona Edmiston and Chanel Beaute The adjoining Carindale Home amp Leisure Centre complements the retail mix with bulky goods retail
The total retail spend by the Westfield Carindale Total Trade Area in 2017 was estimated at $93 billion while the total retail spend by the Main Trade Area was estimated at $39 billion
The centrersquos total annual retail spend per capita is estimated at $14059 4 above the Brisbane Metro average ($13563) while the total annual retail spend per capita for the Main Trade Area is estimated to be $14548 which is 7 above the Brisbane Metro average ($13563)
Westfield Carindalersquos Main Trade Area had a high average household income in 2016 of $110814 per annum which is 11 above the Brisbane Metro average ($100034) Household composition is in line with the Brisbane Metro average with 29 being families with children under 15 years of age
In the Main Trade Area 78 of workers are professional or other white collar workers which is above the Brisbane Metro average of 70
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 11 - Link To Disclaimer
Link to Trade Area Map
477 131155 m2 $10943 m 3304NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Bondi Junction is one of Sydneyrsquos iconic retail destinations Situated in the heart of the Eastern Suburbs one of the cityrsquos most desirable areas the centre is only 6 kilometres from the Sydney CBD Servicing a trade area population in excess of 440000 the centre is one of the strongest performers in the Scentre Group portfolio with 2017 retail sales totalling $109 billion
The centre is defined by a premium retail offer that caters to its discerning style conscious clientele International luxury brands sit alongside local designers and some of the most coveted high street brands in the world The retail mix is complemented by a customer service offer that includes valet parking a styling suite lsquohandsfreersquo shopping and a concierge service
The centrersquos Total Trade Area spend was estimated at $78 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $38 billion
Average household income in 2016 in the Total Trade Area was $120703 per annum which is 8 higher than the Sydney Metro average ($112106) with a high retail spend per capita of $17694 per annum 21 above the Sydney Metro average ($14609)
The Total Trade Area includes large pockets of high density living with 63 of households being flats units or apartments Workers from the trade area skew towards managersprofessionals and there is also a higher proportion of younger residents aged between 25-39 years compared with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 28 ha
Car Park Spaces 3304
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $31436
Fair Value ($ million) $31436
Valuation Date Dec 17
Retail Capitalisation Rate 425
Centre Opened 1970
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10943
Annual Sales Growth 26
Specialty Sales $15956 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $74
Population 195755 441098
Anchor Retailers
GLA
Myer 17887 136
David Jones 19234 147
Target 5311 40
Coles 4758 36
Woolworths 3750 29
Cinemas 6719 51
Harvey Norman 1500 11
Major Tenant Total 59158 451
BONDI JUNCTION NSW500 OXFORD STREET BONDI JUNCTION NSW 2022
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 12 - Link To Disclaimer
Link to Trade Area Map
237 63215 m2 $4748 m 3014NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 3014
Value
Acquisition Date 1992
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1966
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4748
Annual Sales Growth -02
Specialty Sales $11428 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $65
Population 240829 454817
Anchor Retailers
GLA
David Jones 14658 232
Target 5933 94
KMart 6121 97
Coles 3919 62
Woolworths 3625 57
Cinemas 5697 90
Major Tenant Total 39953 632
BURWOOD NSW100 BURWOOD ROAD BURWOOD NSW 2134
Westfield Burwood is centrally located within Sydneyrsquos Inner West approximately 12 kilometres from the CBD Strategically positioned within easy reach of Burwood Railway Station on the bustling commercial strip the centre caters to a trade area population in excess of 454000 residents
The Total Trade Area retail spend is estimated at $65 billion while the Main Trade Area spend estimated to be $35 billion
Westfield Burwoodrsquos spend per capita for the Main Trade Area is estimated at $14717 which is broadly in line with the Sydney Metro average ($14609)
The centrersquos catchment area has a diverse population with 49 of the Main Trade Area born outside Australia and 36 born in Asia A high proportion of workers are professionals or other white collar workers and there are pockets of high density living with nearly 49 of homes being flats units or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 13 - Link To Disclaimer
Link to Trade Area Map
411 136609 m2 $8933 m 5897NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Carindale Property Trust (50)
APPF (50)
Centre Manager Scentre Group
Site Area 158 ha
Car Park Spaces 5897
Value
Acquisition Date 1999
Fair Value ($ million) SCG Share $8136
Fair Value ($ million) $16272
Valuation Date Dec 17a
Retail Capitalisation Rate 525
Centre Opened 1979
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8963
Annual Sales Growth 09
Specialty Sales $11150 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $93
Population 270989 663470
Anchor Retailers
GLA
Myer 20840 153
David Jones 15246 112
BIG W 8527 63
Target 8020 59
Harvey Norman 4814 35
Coles 4167 31
Woolworths 3971 29
Cinemas 3805 28
Harris Scarfe 2589 19
Aldi 1672 12
Major Tenant Total 73651 540
CARINDALE QLD1151 CREEK ROAD CARINDALE QLD 4152
Scentre Group has 566 interest in CPT
Westfield Carindale is situated in an affluent quarter of Brisbanersquos South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD The centre services a trade area population of approximately 663000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access
One of the cityrsquos leading retail destinations Carindale boasts a comprehensive fashion offer that includes Sas amp Bide Leona Edmiston and Chanel Beaute The adjoining Carindale Home amp Leisure Centre complements the retail mix with bulky goods retail
The total retail spend by the Westfield Carindale Total Trade Area in 2017 was estimated at $93 billion while the total retail spend by the Main Trade Area was estimated at $39 billion
The centrersquos total annual retail spend per capita is estimated at $14059 4 above the Brisbane Metro average ($13563) while the total annual retail spend per capita for the Main Trade Area is estimated to be $14548 which is 7 above the Brisbane Metro average ($13563)
Westfield Carindalersquos Main Trade Area had a high average household income in 2016 of $110814 per annum which is 11 above the Brisbane Metro average ($100034) Household composition is in line with the Brisbane Metro average with 29 being families with children under 15 years of age
In the Main Trade Area 78 of workers are professional or other white collar workers which is above the Brisbane Metro average of 70
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 12 - Link To Disclaimer
Link to Trade Area Map
237 63215 m2 $4748 m 3014NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 3014
Value
Acquisition Date 1992
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1966
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4748
Annual Sales Growth -02
Specialty Sales $11428 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $35 $65
Population 240829 454817
Anchor Retailers
GLA
David Jones 14658 232
Target 5933 94
KMart 6121 97
Coles 3919 62
Woolworths 3625 57
Cinemas 5697 90
Major Tenant Total 39953 632
BURWOOD NSW100 BURWOOD ROAD BURWOOD NSW 2134
Westfield Burwood is centrally located within Sydneyrsquos Inner West approximately 12 kilometres from the CBD Strategically positioned within easy reach of Burwood Railway Station on the bustling commercial strip the centre caters to a trade area population in excess of 454000 residents
The Total Trade Area retail spend is estimated at $65 billion while the Main Trade Area spend estimated to be $35 billion
Westfield Burwoodrsquos spend per capita for the Main Trade Area is estimated at $14717 which is broadly in line with the Sydney Metro average ($14609)
The centrersquos catchment area has a diverse population with 49 of the Main Trade Area born outside Australia and 36 born in Asia A high proportion of workers are professionals or other white collar workers and there are pockets of high density living with nearly 49 of homes being flats units or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 13 - Link To Disclaimer
Link to Trade Area Map
411 136609 m2 $8933 m 5897NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Carindale Property Trust (50)
APPF (50)
Centre Manager Scentre Group
Site Area 158 ha
Car Park Spaces 5897
Value
Acquisition Date 1999
Fair Value ($ million) SCG Share $8136
Fair Value ($ million) $16272
Valuation Date Dec 17a
Retail Capitalisation Rate 525
Centre Opened 1979
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8963
Annual Sales Growth 09
Specialty Sales $11150 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $93
Population 270989 663470
Anchor Retailers
GLA
Myer 20840 153
David Jones 15246 112
BIG W 8527 63
Target 8020 59
Harvey Norman 4814 35
Coles 4167 31
Woolworths 3971 29
Cinemas 3805 28
Harris Scarfe 2589 19
Aldi 1672 12
Major Tenant Total 73651 540
CARINDALE QLD1151 CREEK ROAD CARINDALE QLD 4152
Scentre Group has 566 interest in CPT
Westfield Carindale is situated in an affluent quarter of Brisbanersquos South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD The centre services a trade area population of approximately 663000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access
One of the cityrsquos leading retail destinations Carindale boasts a comprehensive fashion offer that includes Sas amp Bide Leona Edmiston and Chanel Beaute The adjoining Carindale Home amp Leisure Centre complements the retail mix with bulky goods retail
The total retail spend by the Westfield Carindale Total Trade Area in 2017 was estimated at $93 billion while the total retail spend by the Main Trade Area was estimated at $39 billion
The centrersquos total annual retail spend per capita is estimated at $14059 4 above the Brisbane Metro average ($13563) while the total annual retail spend per capita for the Main Trade Area is estimated to be $14548 which is 7 above the Brisbane Metro average ($13563)
Westfield Carindalersquos Main Trade Area had a high average household income in 2016 of $110814 per annum which is 11 above the Brisbane Metro average ($100034) Household composition is in line with the Brisbane Metro average with 29 being families with children under 15 years of age
In the Main Trade Area 78 of workers are professional or other white collar workers which is above the Brisbane Metro average of 70
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 13 - Link To Disclaimer
Link to Trade Area Map
411 136609 m2 $8933 m 5897NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Carindale Property Trust (50)
APPF (50)
Centre Manager Scentre Group
Site Area 158 ha
Car Park Spaces 5897
Value
Acquisition Date 1999
Fair Value ($ million) SCG Share $8136
Fair Value ($ million) $16272
Valuation Date Dec 17a
Retail Capitalisation Rate 525
Centre Opened 1979
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8963
Annual Sales Growth 09
Specialty Sales $11150 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $93
Population 270989 663470
Anchor Retailers
GLA
Myer 20840 153
David Jones 15246 112
BIG W 8527 63
Target 8020 59
Harvey Norman 4814 35
Coles 4167 31
Woolworths 3971 29
Cinemas 3805 28
Harris Scarfe 2589 19
Aldi 1672 12
Major Tenant Total 73651 540
CARINDALE QLD1151 CREEK ROAD CARINDALE QLD 4152
Scentre Group has 566 interest in CPT
Westfield Carindale is situated in an affluent quarter of Brisbanersquos South Eastern Suburbs approximately 12 kilometres from the Brisbane CBD The centre services a trade area population of approximately 663000 with the nearby Gateway Motorway offering residents to the north and south of the centre convenient access
One of the cityrsquos leading retail destinations Carindale boasts a comprehensive fashion offer that includes Sas amp Bide Leona Edmiston and Chanel Beaute The adjoining Carindale Home amp Leisure Centre complements the retail mix with bulky goods retail
The total retail spend by the Westfield Carindale Total Trade Area in 2017 was estimated at $93 billion while the total retail spend by the Main Trade Area was estimated at $39 billion
The centrersquos total annual retail spend per capita is estimated at $14059 4 above the Brisbane Metro average ($13563) while the total annual retail spend per capita for the Main Trade Area is estimated to be $14548 which is 7 above the Brisbane Metro average ($13563)
Westfield Carindalersquos Main Trade Area had a high average household income in 2016 of $110814 per annum which is 11 above the Brisbane Metro average ($100034) Household composition is in line with the Brisbane Metro average with 29 being families with children under 15 years of age
In the Main Trade Area 78 of workers are professional or other white collar workers which is above the Brisbane Metro average of 70
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 14 - Link To Disclaimer
Link to Trade Area Map
290 82359 m2 $5020 m 4300NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 216 ha
Car Park Spaces 4300
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $10800
Fair Value ($ million) $10800
Valuation Date Jun 16
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1999
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5020
Annual Sales Growth -62
Specialty Sales $10860 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $44 $92
Population 309998 630916
Anchor Retailers
GLA
Myer 11944 145
Target 7760 94
KMart 6993 85
Coles 4041 49
Woolworths 4352 53
Cinemas 8362 102
Major Tenant Total 43452 528
CAROUSEL WA1382 ALBANY HWY CANNINGTON WA 6107
DEVELOPMENT Westfield Carousel is located on the Albany Highway in Perthrsquos south-east just 12 kilometres from the CBD One of the largest shopping centres in Perth Carousel caters to nearly one third of the cityrsquos diverse population with the total trade area population exceeding 630000 The centre also benefits from close proximity to two of Perthrsquos major university campuses Curtin Universityrsquos Bentley Campus and the South Street Campus of Murdoch University
A $350 million redevelopment currently underway will deliver a redefined retail dining and social destination to Perthrsquos south east The completed centre will feature a new David Jones department store more than 60 additional specialty retail outlets as well as a new fashion precinct and a landscaped rooftop dining and entertainment quarter On completion anticipated in Q4 2018 Westfield Carousel is expected to become the largest centre in Western Australia
In 2017 the total retail spend by the Westfield Carousel Total Trade Area was estimated at $93 billion with the total retail spend per capita for the Total Trade Area estimated at $14660 in 2017 broadly in line with the Perth Metro average ($14971) Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 15 - Link To Disclaimer
Link to Trade Area Map
271 80842 m2 $5924 m 2831NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 23 ha
Car Park Spaces 2831
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $13671
Fair Value ($ million) $13671
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1987
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5924
Annual Sales Growth -38
Specialty Sales $11409 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $39 $84
Population 218327 468691
Anchor Retailers
GLA
Myer 23429 290
Target 8757 108
Coles 2217 27
Aldi 1668 21
Cinemas 5301 66
Major Tenant Total 41371 512
CHATSWOOD NSW1 ANDERSON STREET CHATSWOOD NSW 2067
Westfield Chatswood is located on Sydneyrsquos affluent North Shore approximately 11 kilometres from the CBD Conveniently situated with easy reach of Chatswood train station a major bus interchange and the Pacific Highway the centre caters to a trade area population of almost 470000 in addition to a sizeable office workforce
A redevelopment completed in 2015 saw the addition of 40 new retailers including a number of international brands and a new Asian dining market
The total annual retail spend per capita for the Westfield Chatswood Total Trade Area is estimated at $17667 which is 24 above the Sydney Metro average ($14609) and the highest in the Scentre Group portfolio The total annual retail spend per capita for the Westfield Chatswood Main Trade Area is estimated at $17690 which is also 24 above the Sydney Metro average ($14609)
The total retail spend by the Westfield Chatswood Total Trade Area in 2017 was estimated at $84 billion and the total retail spend by the Main Trade Area was estimated at $39 billion
Average household income of the Main Trade Area in 2016 was $137230 per annum which is 22 above the Sydney Metro average ($112106) while 40 of households had incomes over $156000 per annum
90 of the trade arearsquos workers are managers professionals or other white collar workers which is well above the Sydney Metro average of 75
The centre has a culturally diverse market with 40 of the Main Trade Area population being born outside of Australia including 24 in Asia
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 16 - Link To Disclaimer
Link to Trade Area Map
496 175553 m2 $9300 m 7200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 221 ha
Car Park Spaces 6500
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $26150
Fair Value ($ million) $26150
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1957
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9300
Annual Sales Growth -15
Specialty Sales $12833 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $111
Population 312048 780110
Anchor Retailers
GLA
Myer 15528 88
David Jones 12573 72
Harris Scarfe 4043 23
Target 7791 44
KMart 6439 37
Big W 8157 46
Coles 4023 23
Woolworths 3975 23
Cinemas 7372 42
Dan Murphys 1243 07
Major Tenant Total 71144 405
CHERMSIDE QLDGYMPIE ROAD amp HAMILTON ROAD CHERMSIDE QLD 4032
Westfield Chermside located approximately 10 kilometres north of the Brisbane CBD is one of the strongest performing assets within the Scentre Group portfolio The centre caters to a sizeable trade area population of more than 780000 a figure that represents approximately 32 of Brisbanersquos population
A $355 million redevelopment was completed in mid-2017 making Chermside the largest centre in the Scentre Group portfolio through the creation of an additional 33000 square metres of retail space Approximately 95 new stores were added to the retail mix including Brisbanersquos first Sephora HampM Zara Uniqlo and a host of other local and international brands A new leisure and dining precinct set in a resort-style landscape features a selection boutique cafes and al fresco restaurants and has quickly become one of the cityrsquos most attractive dining destinations
In 2017 the total retail spend in the Westfield Chermside Total Trade Area was estimated at $111 billion while the total retail spend in the Main Trade Area was estimated at $45 billion The total annual retail spend per capita is estimated at $ $14324 for the Main Trade Areawhich is 6 above the Brisbane Metro average ($13563) This is broadly in line with the Sydney and Melbourne Metro averages ($14609 and $14247 respectively)
Westfield Chermsidersquos Main Trade Area average household income in 2016 was $104370 per annum which is 4 above the Brisbane Metro average ($100034) with 21 of households earning more than $156000 The area also has a high proportion of workers who are managers or other white collar workers (76) compared to the Brisbane Metro average of 70
Based on its strong early trading performance Westfield Chermside is forecast to generate more than $11 billion in total sales per annum
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 17 - Link To Disclaimer
Link to Trade Area Map
429 122152 m2 $9374 m 4806NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
MampG Asia Property Fund (25)
ISPT (25)
Centre Manager Scentre Group
Site Area 143 ha
Car Park Spaces 4806
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $12000
Fair Value ($ million) $24000
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1969
Centre Redeveloped 2009
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9374
Annual Sales Growth -06
Specialty Sales $14042 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $51 $111
Population 333231 723712
Anchor Retailers
GLA
Myer 18581 152
David Jones 14846 122
Target 7574 62
Big W 8221 67
Coles 4182 34
Woolworths 4278 35
Cinemas 5208 43
Toys R Us 3900 32
Major Tenant Total 66791 547
DONCASTER VICDONCASTER ROAD VICTORIA 3108
Westfield Doncaster is a world class shopping and entertainment destination situated 17 kilometres from the Melbourne CBD The centre caters to a trade area population of almost 724000 residents
As one of Melbournersquos largest shopping centres Doncaster is home to one of the cityrsquos most comprehensive fashion offers complemented by valet parking electric car charging and styling services
The total retail spend in Westfield Doncasterrsquos Total Trade Area in 2017 was estimated at $111 billion while the total retail spend in the Main Trade Area is estimated at $51 billion
The total annual retail spend per capita for the Westfield Doncaster Total Trade area is estimated at $15299 which is 7 above the Melbourne Metro average ($14247) The average household income in 2016 in the Main Trade area was $108934 per annum which was 9 above the Melbourne Metro average ($99752)
There are high levels of home ownership in the area with 78 of households in the Main Trade Area owning their home or paying a mortgage and also a high proportion (83) of all workers in the area are managers professionals or other white collar workers
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 18 - Link To Disclaimer
Link to Trade Area Map
454 178276 m2 $10356 m 6493NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 461 ha
Car Park Spaces 6493
Value
Acquisition Date 1995
Fair Value ($ million) SCG Share $20900
Fair Value ($ million) $20900
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1970
Centre Redeveloped 2012
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $10356
Annual Sales Growth 34
Specialty Sales $10242 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $46 $68
Population 359097 533634
Anchor Retailers
GLA
Myer 12000 67
Harris Scarfe 2900 16
Target 8460 47
KMart 7998 45
Big W 8052 45
Coles 4203 24
Woolworths 4303 24
Aldi 1739 10
Cinemas 9240 52
Toys R Us 3317 19
Harvey Norman 7030 39
KMart Garden 4177 23
Major Tenant Total 73418 412
FOUNTAIN GATE VIC352 PRINCES HIGHWAY FOUNTAIN GATE VIC 3805
Westfield Fountain Gate is located in one of Victoriarsquos fastest growing municipalities approximately 45 kilometres south-east of the Melbourne CBD The centre caters to a trade area population of approximately 533000 residents and is one of the largest shopping centres in Australia
Fountain Gate is one of the few shopping centres in Australia to record annual sales of more than $1 billion with $104 billion achieved in 2017
The total retail spend by the Westfield Fountain Gate Total Trade Area is estimated at $68 billion with the total retail spend by the Main Trade Area is estimated at $46 billion
There is a high level of home ownership in the local community with 78 of residents in the Main Trade Area owning their own homes or paying a mortgage a figure well above the Melbourne Metro average of 69 There is also a high proportion of family households 38 of households are families with children under the age of 15 compared to the Melbourne average of 28
The centre serves a diverse community with 62 of residents employed as managers professionals or other white collar occupations while 38 of residents work in blue collar roles
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 19 - Link To Disclaimer
Link to Trade Area Map
413 140605 m2 $7906 m 6254NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Garden City is located in a thriving regional hub 12 kilometres south of the Brisbane CBD Well served by major arterial roads the centre sits adjacent to a Queensland State Government-owned bus terminal servicing Brisbane and the Gold Coast and caters to a sizable trade area population of over 608000 residents
The total retail spend by the Westfield Garden City Total Trade Area in 2017 was estimated at $81 billion while the total retail spend by the Main Trade Area was estimated at $37 billion
The total annual retail spend per capita for the Westfield Garden City Total Trade Area is estimated at $13354 per annum in 2017 which is broadly in line with the Brisbane Metro average ($13563)
The centrersquos community is culturally diverse with 39 of the Main Trade Area population born in a country outside Australia and 26 born in Asia
A major redevelopment completed in 2014 included the addition of Myer Target and more than 100 new specialty retailers as well as a new dining entertainment and leisure precinct in a resort-style setting
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 244 ha
Car Park Spaces 6254
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $17050
Fair Value ($ million) $17050
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7906
Annual Sales Growth 16
Specialty Sales $10422 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $81
Population 277038 608492
Anchor Retailers
GLA
Myer 12898 92
David Jones 14331 102
Target 6936 49
KMart 7119 51
Big W 10050 71
Coles 3615 26
Woolworths 4285 30
Aldi 1516 11
Cinemas 9012 64
Toys R Us 2222 16
Harvey Norman 6220 44
Major Tenant Total 78204 556
GARDEN CITY QLDCNR LOGAN amp KESSELS ROAD MOUNT GRAVATT-CAPALABA ROAD UPPER MOUNT GRAVATT QLD 4122
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 20 - Link To Disclaimer
Link to Trade Area Map
178 51643 m2 $2743 m 1714NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Geelong is located in the heart Victoriarsquos second largest city Servicing the Surf Coast and the Bellarine Peninsula and a trade area population of approximately 287000 residents the centre is the regionrsquos premier retail destination
The total retail spend by the Westfield Geelong Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion
The total annual retail spend per capita for the Westfield Geelong Total Trade Area is estimated to be $14182 which is broadly in line with the Melbourne Metro average ($14247)
High rates of home ownership are found in the Main Trade Area with 70 of residents owning their homes or paying a mortgage A quarter (25) of households are families with children under 15 years of age broadly in line with the Melbourne Metro average
The centre serves a diverse community with 68 of residents employed in managerial professional or other white collar roles and 32 occupying blue collar posts
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 1714
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $2650
Fair Value ($ million) $5300
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1987
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2743
Annual Sales Growth -27
Specialty Sales $8982 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 193274 287478
Anchor Retailers
GLA
Myer 12556 243
Target 8765 170
Big W 7341 142
Coles 3242 63
Major Tenant Total 31904 618
GEELONG VIC95 MALOP STREET GEELONG VIC 3220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 21 - Link To Disclaimer
Link to Trade Area Map
188 44870 m2 $3756 m 2096NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
QIC (50)
Centre Manager Scentre Group
Site Area 309 ha
Car Park Spaces 2096
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $2375
Fair Value ($ million) $4750
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 2005
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3756
Annual Sales Growth -12
Specialty Sales $12416 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $23 $41
Population 169198 313079
Anchor Retailers
GLA
Target 7189 160
KMart 6095 136
Coles 3495 78
Woolworths 3961 88
Aldi 1359 30
Major Tenant Total 22099 493
HELENSVALE QLD129 MILLAROO DRIVE HELENSVALE QLD 4212
Westfield Helensvale is located in a thriving growth corridor of South East Queensland 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane Strategically located at the junction of two major highways the centre can be accessed easily by the extended trade area population 313000 residents
The centre opened in 2006 as a lsquogreenfieldrsquo development creating a new retail destination on the Gold Coast
The average household income in the Main Trade Area in 2016 was $98230 per annum which was broadly in line with the Brisbane Metro average ($100034)
Household composition skews towards families with 38 of households comprising families with children under 15 years of age a figure that is well above the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 22 - Link To Disclaimer
Link to Trade Area Map
322 99822 m2 $6568 m 3200NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hornsby is located in the leafy northern suburbs of Sydney 26 kilometres from the CBD The centre is easily accessed by road or public transport owing to its proximity to the Pacific Highway and Hornsby Railway Station and serves a trade area population of nearly 243000 residents
The total retail spend by the Westfield Hornsby Total Trade Area in 2017 was estimated at $41 billion while the total retail spend by the Main Trade Area was estimated at $27 billion The total annual retail spend per capita for the Westfield Hornsby Total Trade Area is estimated at $16693 which is 14 above the Sydney Metro average ($14609)
Average household incomes in the Total Trade Area in 2016 were $132263 per annum 18 higher than the Sydney Metro average ($112106) There is also a high proportion of households with incomes over $156000 per annumndash37 compared to the Sydney Metro average of 24
The Total Trade Area also features high rates of home ownership with 81 of residents owning their own homes or paying a mortgage compared to the Sydney average of 64 and a sizeable professional workforce 85 of all workers are managers professionals or other white collar workers compared to the Sydney average of 75
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 66 ha
Car Park Spaces 3200
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $10952
Fair Value ($ million) $10952
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1961
Centre Redeveloped 2001
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6568
Annual Sales Growth 15
Specialty Sales $8771 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $27 $41
Population 161571 242790
Anchor Retailers
GLA
Myer 12422 124
David Jones 14642 147
Target 7598 76
KMart 8000 80
Coles 4080 41
Woolworths 4324 43
Aldi 1357 14
Cinemas 4562 46
Toys R Us 1360 14
Dan Murphys 1300 13
Major Tenant Total 59644 598
HORNSBY NSW236 PACIFIC HWY HORNSBY NSW 2077
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 23 - Link To Disclaimer
Link to Trade Area Map
258 62069 m2 $5429 m 2745NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Hurstville is located approximately 20 kilometres from the CBD in densely populated corner of south-west Sydney Easily accessed by major arterial roads or the Hurstville Railway Station the centre caters to a trade area population of more than 360000 residents
A redevelopment was completed in 2016 with a full centre refurbishment the addition of a new rooftop dining complex and new retailers including Rebel Woolworths supermarket and JB Hi-Fi Home
The total retail spend by the Westfield Hurstville Total Trade Area was estimated at $48 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $28 billion
Hurstville is a culturally diverse community with 44 of the Total Trade Area population born outside Australia compared to the Sydney Metro average of 35 28 of residents were born in Asia
72 of workers in the Total Trade Area are managers professionals or other white collar workers a figure that is broadly in line with the Sydney Metro average
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 36 ha
Car Park Spaces 2745
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4375
Fair Value ($ million) $8750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1978
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5429
Annual Sales Growth 71
Specialty Sales $10555 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $48
Population 207842 360262
Anchor Retailers
GLA
Target 3698 60
KMart 6210 100
Big W 7399 119
Coles 3395 55
Woolworths 5132 83
Aldi 1480 24
Cinemas 3232 52
Dan Murphys 1720 28
Major Tenant Total 32265 520
HURSTVILLE NSWCNR CROSS ST AND PARK RD HURSTVILLE NSW 2220
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 24 - Link To Disclaimer
Link to Trade Area Map
416 141326 m2 $6773 m 6361NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Knox is one of the largest shopping centres in Melbourne Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD Knox is easily accessed by major arterial roads including the Monash and Eastern Freeways and caters to a trade area population of 466000 people
The total retail spend by the Westfield Knox Total Trade Area was estimated at $67 billion in 2017 and the total retail spend by the Main Trade Area was estimated at $31 billion The total annual retail spend per capita for the Westfield Knox Total Trade Area is estimated at $14358 which is broadly in line with the Melbourne Metro average ($14247)
Westfield Knox trade area residents have high rates of home ownership in the area 82 of residents own their own homes or are paying a mortgage compared to the Melbourne Metro average of 69
The workforce in the Main Trade Area is largely a professional one 71 of workers are employed in white collar occupations with the remaining 29 work in blue collar roles
Ownership amp Site
Centre Owner Scentre Group (50)
State Super (50)
Centre Manager Scentre Group
Site Area 321 ha
Car Park Spaces 6361
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $5765
Fair Value ($ million) $11530
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1977
Centre Redeveloped 2002
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6773
Annual Sales Growth 01
Specialty Sales $9332 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $31 $67
Population 216896 466300
Anchor Retailers
GLA
Myer 18803 133
Harris Scarfe 2763 20
Target 7945 56
KMart 6400 45
Coles 8126 57
Cinemas 8200 58
Toys R Us 3010 21
Harvey Norman 2002 14
Major Tenant Total 57249 405
KNOX VIC425 BURWOOD HWY WANTIRNA SOUTH VIC 3152
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 25 - Link To Disclaimer
Link to Trade Area Map
259 74187 m2 $4701 m 2971NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
DEVELOPMENT Westfield Kotara is located six kilometres from the Newcastle The centre is well served by road bus and rail links and caters to a trade area population of almost 394000
The centre is defined by a strong fashion focus and is home to the only David Jones department store in Newcastle A $160 million redevelopment is currently underway that will see the addition of HampM Zara a new Kmart Toys R Us and JB HiFi stores A redevelopment in 2015 saw the addition of a vibrant rooftop dining and entertainment precinct and a new 8-screen Event Cinemas complex
The total retail spend by the Westfield Kotara Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total annual retail spend per capita for the Westfield Kotara Main Trade Area is estimated at $15054 in 2017 which is 3 above the Sydney Metro average ($14609)
Home ownership in the Main Trade Area is broadly in line with the Sydney Metro average with 68 of households owning their own home or paying a mortgage
Approximately 73 of workers in the Main Trade Area are managers or other professionals a figure that is in line with the Sydney metro average
Anticipated completion Q4 2018
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 84 ha
Car Park Spaces 2971
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $8150
Fair Value ($ million) $8150
Valuation Date Jun 17
Retail Capitalisation Rate 575
Centre Opened 1965
Centre Redeveloped 2015
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4701
Annual Sales Growth -03
Specialty Sales $11087 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $57
Population 212549 393858
Anchor Retailers
GLA
David Jones 15445 208
Target 6350 86
KMart 6979 94
Coles 3107 42
Woolworths 4116 55
Cinemas 4442 60
Toys R Us 3018 41
Major Tenant Total 43457 586
KOTARA NSWNORTHCOTT DRIVE amp PARK AVENUE KOTARA NSW 2289
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 26 - Link To Disclaimer
Link to Trade Area Map
340 83414 m2 $5004 m 3558NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Liverpool is located in the heart of a major commercial centre 35 kilometres south-west of the Sydney CBD Today the centre caters to a trade area population in excess of 634000 residents in the heart of Sydneyrsquos south west which is set for rapid growth over next 20 years
The total retail spend by the Westfield Liverpool Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $38 billion in 2017
In the Main Trade Area 36 of households are families with children under 15 years compared to the Sydney Metro average of 29 Home ownership is in line with the Sydney Metro average with 67 of households owning their own homes or paying a mortgage
The centrersquos Main Trade Area is culturally diverse with 44 of residents born outside Australia compared with the Sydney metro average of 35 Approximately 23 of residents were born in Asia
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 3558
Value
Acquisition Date 1983
Fair Value ($ million) SCG Share $5501
Fair Value ($ million) $11002
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1972
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5004
Annual Sales Growth -27
Specialty Sales $9761 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $76
Population 323289 634554
Anchor Retailers
GLA
Myer 11902 143
Target 8250 99
Big W 8291 99
Coles 3876 46
Woolworths 3659 44
Cinemas 7800 94
Major Tenant Total 43778 525
LIVERPOOL NSWMACQUARIE STREET LIVERPOOL NSW 2170
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 27 - Link To Disclaimer
Link to Trade Area Map
193 45459 m2 $2809 m 2113NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Manukau City is one of the main regional shopping centres in Aucklandrsquos south Strategically located 20 kilometres from the Auckland CBD on one of the cityrsquos primary arterial routes the centre caters to a diverse trade area population of 429000 residents
The total retail spend by the Westfield Manukau City Total Trade Area was estimated at $57 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $36 billion
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 119 ha
Car Park Spaces 2113
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $1890
Fair Value ($ million) $3706
Valuation Date Dec 17
Retail Capitalisation Rate 700
Centre Opened 1976
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $2809
Annual Sales Growth 06
Specialty Sales $11698 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $57
Population 287691 429322
Anchor Retailers
GLA
Farmers 8067 177
Countdown 3704 81
Cinemas 6778 149
Major Tenant Total 18549 408
MANUKAU CITY NZGREAT SOUTH ROAD AND MANUKAU STATION ROAD MANUKAU AUCKLAND 2104 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 28 - Link To Disclaimer
Link to Trade Area Map
332 137101 m2 $8367 m 5549NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Marion is the largest shopping centre in South Australia Located 15 kilometres south of the Adelaide CBD the centre can be accessed conveniently from the city by the Anzac Highway and Morphett Road
The only shopping centre in South Australia to feature two full-line department stores in David Jones and Myer a new fresh food precinct and eatery was completed in 2016 with the addition of 14 specialty retailers
The total retail spend by the Westfield Marion Total Trade Area was estimated at $68 billion in 2017 while the total retail spend by the Main Trade Area is estimated at $42 billion in 2017 The total retail spend per capita for the Westfield Marion Total Trade Area is estimated at $13891 per annum in 2017 which is 3 above the Adelaide Metro average ($13450)
Westfield Marionrsquos Main Trade Area average household income in 2016 was estimated at $84645 per annum which is broadly in line with the Adelaide Metro average ($83984) Home ownership is in line with the Adelaide Metro average with 74 of households owning their own home or paying a mortgage while 74 of workers are managersprofessionals or other white collar workers
In 2016 a new fresh food precinct and eatery was completed that saw the opening of 14 specialty retailers that offer customers a variety of quality produce
Ownership amp Site
Centre Owner Scentre Group (50)
APPF (50)
Centre Manager Scentre Group
Site Area 229 ha
Car Park Spaces 5549
Value
Acquisition Date 1987
Fair Value ($ million) SCG Share $7375
Fair Value ($ million) $14750
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 1968
Centre Redeveloped 1997
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8367
Annual Sales Growth 18
Specialty Sales $11375 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $42 $68
Population 296906 487815
Anchor Retailers
GLA
Myer 13796 101David Jones 13816 101Harris Scarfe 3387 25Target 7413 54KMart 6623 48Big W 7948 58Coles 4400 32Woolworths 4577 33Aldi 1741 13Cinemas 11030 80Bunnings Warehouse 10102 74Dan Murphys 1655 12
Major Tenant Total 86488 631
MARION SA297 DIAGONAL ROAD OAKLANDS PARK SA 5046
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 29 - Link To Disclaimer
Link to Trade Area Map
456 128469 m2 $9494 m 4891NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Miranda is located 30 kilometres from the Sydney CBD in the cityrsquos leafy southern suburbs The largest shopping centre in the area Miranda caters to a trade area population of more than 586000 residents
In 2014 a major redevelopment saw the addition of a new gourmet food market as well a rooftop dining and entertainment precinct incorporating a 10-screen Event Cinemas complex
The total retail spend per capita in the Westfield Miranda Main Trade Area was estimated at $15752 in 2017 8 above the Sydney Metro average ($14609)
Westfield Mirandarsquos Main Trade Area average household income in 2016 was estimated at $114945 per annum which is broadly in line with the Sydney Metro average ($112106) The proportion of households with incomes over $156000 per annum in the Westfield Miranda Main Trade Area was 28 which is above the Sydney Metro average (24)
There are high rates of home ownership in the Main Trade Area with 79 of residents owning their own homes or paying a mortgage
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 73 ha
Car Park Spaces 4891
Value
Acquisition Date 1982
Fair Value ($ million) SCG Share $12705
Fair Value ($ million) $25410
Valuation Date Dec 17
Retail Capitalisation Rate 450
Centre Opened 1964
Centre Redeveloped 2014
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $9494
Annual Sales Growth 22
Specialty Sales $12379 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $38 $86
Population 239556 586921
Anchor Retailers
GLA
Myer 16885 131
David Jones 12590 98
Target 8217 64
Big W 7991 62
Coles 4118 32
Woolworths 4819 38
Aldi 1227 10
Cinemas 6550 51
Toys R Us 2067 16
Major Tenant Total 64464 502
MIRANDA NSW600 KINGSWAY MIRANDA NSW 2228
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 30 - Link To Disclaimer
Link to Trade Area Map
236 60026 m2 $4121 m 2452NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Mt Druitt is located 43 kilometres from the Sydney CBD in the heart of Sydneyrsquos flourishing western suburbs Functioning as the arearsquos town square the centre is well served by public transport and caters to a trade area population of approximately 235000 residents
The total retail spend by the Westfield Mt Druitt Total Trade Area was estimated at $28 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $18 billion
Home ownership is broadly in line with the Sydney Metro average with 64 of residents in the Total Trade Area owning their own homes or paying a mortgage There is a high proportion of families with school age children in the Total Trade Area 23 of the population is under 15 years of age compared to the Sydney Metro average of 19
The Total Trade Area also comprises a mix of professions 59 of workers are managers professionals or other white collar workers with 41 working in blue collar occupations
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 157 ha
Car Park Spaces 2452
Value
Acquisition Date 2000
Fair Value ($ million) SCG Share $3150
Fair Value ($ million) $6300
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1973
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4121
Annual Sales Growth 15
Specialty Sales $8948 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $18 $28
Population 160089 234410
Anchor Retailers
GLA
Target 7281 121
KMart 8571 143
Coles 3702 62
Woolworths 3998 67
Cinemas 4323 72
Major Tenant Total 27875 464
MT DRUITT NSWCNR CARLISLE AVENUE amp LUXFORD ROAD CARLISLE AVE MOUNT DRUITT NSW 2770
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 31 - Link To Disclaimer
Link to Trade Area Map
109 31286 m2 $1348 m 1224NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 30 ha
Car Park Spaces 1224
Value
Acquisition Date 2002
Fair Value ($ million) SCG Share $1418
Fair Value ($ million) $2780
Valuation Date Dec 17
Retail Capitalisation Rate 663
Centre Opened 1988
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $1348
Annual Sales Growth -59
Specialty Sales $11688 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $59 $93
Population 313047 544121
Anchor Retailer
GLA
Countdown 4643 148
Major Tenant Total 4643 148
NEWMARKET NZ277 BROADWAY NEWMARKET AUCKLAND 1023 NEW ZEALAND DEVELOPMENT
Westfield Newmarket is located approximately four kilometres from the Auckland CBD in one of the cityrsquos leading retail districts
A NZ$790 million project started in early 2017 to create a world-class retail and lifestyle destination in the heart of Auckland Incorporating multiple sites over four and half hectares the Broadway site will be home to Aucklandrsquos first David Jones department store a new format Farmers department store Countdown supermarket and more than 230 new specialty stores
On completion the centre will have a gross lettable area of 88150 square metres and will reclaim its position as the largest retail complex in Newmarket catering to a trade area population of almost 544000 residents
In 2017 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $93 billion while the total retail spend in the Main Trade Area was estimated at $59 billion The total retail spend per capita in the Main Trade Area in 2017 was estimated at $18754 which is 18 above the Auckland Region average ($15866)
At $99447 per annum the average household income in the Main Trade Area in 2013 was 10 above the Auckland Region average ($90799)
Anticipated completion Q4 2019
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $5408 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5408
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 32 - Link To Disclaimer
Link to Trade Area Map
278 85596 m2 $6508 m 4916NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 259 ha
Car Park Spaces 4916
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $4750
Fair Value ($ million) $9500
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 2003
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6508
Annual Sales Growth 09
Specialty Sales $10510 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $51
Population 213667 399691
Anchor Retailers
GLA
Myer 12128 142
Target 7157 84
KMart 6729 79
Big W 8580 100
Coles 4374 51
Woolworths 4049 47
Aldi 1413 17
Cinemas 5385 63
Dan Murphys 1231 14
Major Tenant Total 51046 596
NORTH LAKES QLDCNR ANZAC AVE AND NORTH LAKES DRIVE NORTH LAKES QLD 4509
Westfield North Lakes is located 25 kilometres north of the Brisbane CBD in one of the regionrsquos fastest growing areas The centre caters to a trade area population of nearly 400000 people
A $170 million development project that saw the addition of a new IKEA store and a 60-store retail mall was completed in 2016 The project also saw the addition of a new fresh food market a cinema complex and a casual al fresco dining precinct
The centre is well positioned with direct access to the M1 motorway which links the Sunshine Coast Brisbane and the Gold Coast It is also serviced by the recently opened North Lakes Rail station
In 2017 the total retail spend by the Westfield North Lakes Total Trade Area was estimated at $51 billion while the total retail spend by the Main Trade Area was estimated at $28 billion
In the Main Trade Area 31 of households include children under 15 years of age which is slightly higher than the Brisbane Metro average of 29
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 33 - Link To Disclaimer
Link to Trade Area Map
468 137737 m2 $8345 m 4661NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 4661
Value
Acquisition Date 1993
Fair Value ($ million) SCG Share $10343
Fair Value ($ million) $20686
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1975
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8345
Annual Sales Growth 40
Specialty Sales $12215 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $45 $125
Population 362062 987178
Anchor Retailers
GLA
Myer 28272 205
David Jones 12905 94
Target 8438 61
KMart 6592 48
Coles 2637 19
Woolworths 4622 34
Cinemas 6396 46
Toys R Us 3370 24
Major Tenant Total 73231 532
PARRAMATTA NSW159-175 CHURCH STREET PARRAMATTA NSW 2150
Westfield Parramatta is one of Australiarsquos largest shopping centres and is located in Sydneyrsquos vibrant second city approximately 30 kilometres west of the CBD Strategically positioned in the heart of greater Sydney and benefiting from its proximity to major rail and bus connections and a sizeable office workforce the centre caters to a trade area population in excess of 987000 residents
The total retail spend by the Westfield Parramatta Total Trade Area was estimated at $125 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $45 billion
The centrersquos Main Trade Area is home to a young culturally diverse population 41 of residents are aged 15-39 compared to 36 in the Sydney Metro area Approximately 50 of residents were born outside Australia which is above the Sydney Metro average of 35
A recent remixing project at the centre included an ambience upgrade and facilitated the addition of international mini-majors including Uniqlo and Zara
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 34 - Link To Disclaimer
Link to Trade Area Map
333 91682 m2 $6761 m 3521NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GPT (50)
Centre Manager Scentre Group
Site Area 86 ha
Car Park Spaces 3521
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $7500
Fair Value ($ million) $15000
Valuation Date Dec 17
Retail Capitalisation Rate 475
Centre Opened 1971
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $6761
Annual Sales Growth 11
Specialty Sales $12109 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $30 $64
Population 209583 477549
Anchor Retailers
GLA
Myer 20114 219
Target 7097 77
Big W 8738 95
Woolworths 3795 41
Aldi 1612 18
Cinemas 4785 52
Major Tenant Total 46142 503
PENRITH NSW585 HIGH STREET PENRITH NSW 2750
Westfield Penrith is situated in a regional hub approximately 55 kilometres west of the Sydney CBD at the foot of the popular Blue Mountains Servicing a trade area population of more than 477000 residents the centre benefits from its strategic location in a thriving commercial district as well as its proximity to reliable road and rail links
Westfield Penrithrsquos Main Trade Area features high levels of home ownership and a high proportion of family households
The total retail spend of the centrersquos Total Trade Area was estimated at $64 billion in 2017 while the Main Trade Arearsquos estimated spend was $30 billion
The total retail spend per capita for the Westfield Penrith Main Trade Area is estimated at $14286 per annum in 2017 which is broadly in line with the Sydney Metro average ($14609)
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 35 - Link To Disclaimer
Link to Trade Area Map
WESTFIELD
178 52158 m2 $3518 m 2223NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 509 ha
Car Park Spaces 2223
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2610
Fair Value ($ million) $5220
Valuation Date Dec 17
Retail Capitalisation Rate 525
Centre Opened 2001
Centre Redeveloped 2007
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3518
Annual Sales Growth 38
Specialty Sales $8534 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $36
Population 151613 276894
Anchor Retailers
GLA
KMart 6916 133
Target 6603 127
Woolworths 3950 76
Coles 3600 69
Aldi 1322 25
Major Tenant Total 22391 429
PLENTY VALLEY VIC415 MCDONALDS ROAD MILL PARK VIC 3082 DEVELOPMENT
Westfield Plenty Valley is located on Melbournersquos northern fringes approximately 25 kilometres from the Melbourne CBD Conveniently located adjacent to a recently constructed railway station the centre caters to a trade area population in excess of 276000 residents
An $80 million redevelopment is nearing completion which includes the addition of a new al fresco leisure and dining precinct with around 20 specialty retailers and food operators as well as a Village cinema complex
The total retail spend in the Westfield Plenty Valley Total Trade Area was estimated at $36 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
In the Main Trade Area 38 of households are families with children under 15 years of age well above the Melbourne Metro average of 28 There is also high home ownership with 77 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
67 of workers in the Main Trade Area are managers professionals or other white collar workers with the remaining 33 employed in blue collar occupations
Anticipated completion Q1 2018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 36 - Link To Disclaimer
Link to Trade Area Map
195 55589 m2 $5313 m 2400NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Riccarton is located approximately three kilometres west of the Christchurch CBD The centre is one of the best-performing retail locations in the South Island and serves a trade area population of more than 484000 residents
The total retail spend by the Westfield Riccarton Total Trade Area was estimated at $76 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $59 billion
Total retail spend per capita for the Total Trade Area is $15662 which is also both broadly in line with the Greater Christchurch area average ($15709) Average household income in the Total Trade Area in 2013 was $85322 per annum which was broadly in line with the Greater Christchurch area ($85333)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 81 ha
Car Park Spaces 2400
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $3162
Fair Value ($ million) $6200
Valuation Date Dec 17
Retail Capitalisation Rate 650
Centre Opened 1965
Centre Redeveloped 2008
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5313
Annual Sales Growth 32
Specialty Sales $14557 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $60 $76
Population 374614 484609
Anchor Retailers
GLA
Farmers 7174 129
KMart 6966 125
Pak N Save 6297 113
Cinemas 4136 74
Major Tenant Total 24574 442
RICCARTON NZ129 RICCARTON ROAD RICCARTON CHRISTCHURCH 8041 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 37 - Link To Disclaimer
Link to Trade Area Map
388 129118 m2 $8242 m 5980NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 165 ha
Car Park Spaces 5980
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $8075
Fair Value ($ million) $16150
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1970
Centre Redeveloped 2000
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $8242
Annual Sales Growth -39
Specialty Sales $9369 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $48 $87
Population 316988 587308
Anchor Retailers
GLA
Myer 16078 125
David Jones 14962 116
Harris Scarfe 2848 22
Target 8940 69
KMart 7568 59
Big W 8179 63
Coles 5100 39
Woolworths 4424 34
Aldi 1533 12
Cinemas 7606 59
Major Tenant Total 77238 598
SOUTHLAND VIC1239 NEPEAN HWY CHELTENHAM VIC 3192
Westfield Southland is one of the largest shopping centres in Victoria Located 16 kilometres from the Melbourne CBD the centre is defined by a broad retail offer and caters to a trade area population of 587000 residents
The total retail spend by the Westfield Southland Total Trade Area was estimated at $87 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $48 billion
At $15225 per annum in 2017 the retail spend per capita in the Main Trade Area is 7 higher than the Melbourne Metro average ($14247) Westfield Southlandrsquos Main Trade Area also has a high average annual household income of $106871 per annum in 2016 which is 7 above the Melbourne Metro average There is also a high rate of home ownership with 76 of households owning their own homes or paying a mortgage compared to the Melbourne Metro average of 69
The Main Trade Area is characterised by managers professionals or other white collar workers with 79 of workers falling in to these categories higher than the Melbourne Metro average of 73
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 38 - Link To Disclaimer
172 47013 m2 $3296 m 2395NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield Stirling (formerly Westfield Innaloo) is located in an established suburban area 9 kilometres north-west of the Perth CBD and 4 kilometres from popular Scarborough beach The centre caters to a diverse and sizeable trade area population of approximately 470000 residents
Westfield Stirling is currently home to some of Australiarsquos most well-known retailers A proposed redevelopment will see the centre almost double in size with the addition of a new retail level more than 100 specialty stores and a new David Jones department store A key feature of the project is a landscaped rooftop dining leisure and entertainment precinct incorporating a 14-screen Event Cinemas complex
The total retail spend in the Westfield Stirling Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $34 billion The total annual retail spend per capita in the Total Trade Area is estimated at $15991 which is 7 above the Perth Metro average ($14971)
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 72 ha
Car Park Spaces 2395
Value
Acquisition Date 1996
Fair Value ($ million) SCG Share $3310
Fair Value ($ million) $3310
Valuation Date Jun 17
Retail Capitalisation Rate 625
Centre Opened 1967
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3296
Annual Sales Growth -10
Specialty Sales $8941 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $34 $75
Population 208768 470122
Anchor Retailers
GLA
Target 7806 166
KMart 7701 164
Coles 4021 86
Woolworths 3896 83
Spudshed 4673 99
Major Tenant Total 28097 598
STIRLING WAELLEN STIRLING BLVD INNALOO WA 6018
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
All currency in NZD
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 39 - Link To Disclaimer
Link to Trade Area Map
177 39849 m2 $3470 m 2018NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Westfield St Lukes is situated in the central Auckland suburb of Mt Albert approximately 5 kilometres from the CBD The centre is one of the cityrsquos most established retail destinations and serves a trade area population of almost 416000 residents
The centre is home to some of New Zealandrsquos favourite retailers including Farmers Kmart and Countdown There is also an Event Cinemas complex on site as well approximately 40 apparel footwear and accessories stores
The total retail spend by the Westfield St Lukes Total Trade Area was estimated at $66 billion in 2017 while the total retail spend in the Main Trade Area was estimated at $37 billion The total retail spend per capita in 2017 was estimated at $15986 which is broadly in line with the Auckland Region average ($15866)
Average household income in the Total Trade Area in 2013 was $92092 per annum which was broadly in line with the Auckland Region average ($90799)
Ownership amp Site
Centre Owner Scentre Group (51)
GIC (49)
Centre Manager Scentre Group
Site Area 64 ha
Car Park Spaces 2018
Value
Acquisition Date 1998
Fair Value ($ million) SCG Share $2652
Fair Value ($ million) $5200
Valuation Date Dec 17
Retail Capitalisation Rate 625
Centre Opened 1971
Centre Redeveloped 2003
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3470
Annual Sales Growth 07
Specialty Sales $13125 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $37 $66
Population 229853 415762
Anchor Retailers
GLA
Farmers 7059 177
KMart 6392 160
Countdown 3895 98
Cinemas 3864 97
Major Tenant Total 21210 532
ST LUKES NZ80 ST LUKES ROAD ST LUKES AUCKLAND 1346 NEW ZEALAND
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 40 - Link To Disclaimer
Link to Trade Area Map
337 165965 m2 $11839 m 172NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 32 ha
Car Park Spaces 172
Value
Acquisition Date 2001
Fair Value ($ million) SCG Share $50274
Fair Value ($ million) $50274
Valuation Date Dec 17
Retail Capitalisation Rate1 412
Centre Opened 2010
Centre Redeveloped 2010
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $11839
Annual Sales Growth 16
Specialty Sales $22194 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $320 $755
Population 1910340 5138634
Anchor Retailer
GLA
Myer 46754 282
Major Tenant Total 46754 282
SYDNEY NSWPITT STREET MALL SYDNEY NSW 2000
Retail component 92070 m2
1 Sydney comprises Sydney Central Plaza the Sydney City retail complex and office towers The weighted average capitalisation rate on Westfield Sydney is 461 comprising retail 437 (Sydney City 425 and Sydney Central Plaza 475) and office 533
Westfield Sydney is a world class retail destination in the heart of the Sydney CBD Showcasing the best of local and international retailers the centre combines superior design with premium retail and dining offer Occupying an enviable position on Pitt Street Mall one of Australiarsquos premier retail strips the centre caters to a trade area of more than 5 million peoplemdashthe largest Westfield trade area in the country
Westfield Sydney is defined by a fashion offer that sees the global fashion icons Chanel Fendi Gucci Salvatore Ferragamo Prada and Miu Miu sit alongside some of Australiarsquos leading designers including Sass amp Bide Zimmerman and Morrison There are also a number of first-to-market stores from some of the worldrsquos most sought after brands including Tom Ford Christian Louboutin Givenchy Sephora Microsoft and Nespresso
The Main Trade Area has a high spend per capita on food catering ($3026) The centre caters for this through a broad range of casual dining options throughout the centre This includes an up-market casual dining offer spread over two beautifully designed floors above the fashion retail malls
The total retail spend in Westfield Sydneyrsquos Total Trade Area was estimated at $75 billion in 2017 while the total retail spend in the Main Trade Area was estimated to be $32 billion
Westfield Sydneyrsquos Main Trade Area has a high retail spend per capita of $16763 The centrersquos unique catchment features a high proportion of professionals with 83 of all workers being managers professionals or other white collar workers The catchment is also characterised by large pockets of high density living with 48 of households residing in flats or apartments
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 41 - Link To Disclaimer
Link to Trade Area Map
250 95308 m2 $5027 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (50)
Centre Manager Scentre Group
Site Area 217 ha
Car Park Spaces 4650
Value
Acquisition Date 1988
Fair Value ($ million) SCG Share $4003
Fair Value ($ million) $8006
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1970
Centre Redeveloped 2006
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $5027
Annual Sales Growth -15
Specialty Sales $11105 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $32 $53
Population 239069 413031
Anchor Retailers
GLA
Myer 20061 210
Harris Scarfe 3404 36
Target 7685 81
KMart 6604 69
Big W 8174 86
Coles 3672 39
Woolworths 4650 49
Aldi 1540 16
Cinemas 5027 53
Toys R Us 2045 21
Major Tenant Total 62861 660
TEA TREE PLAZA SA976 NORTH EAST ROAD MODBURY SA 5092
DEVELOPMENT Westfield Tea Tree Plaza is located in Adelaidersquos north-eastern suburbs approximately 15 kilometres from the CBD The centre caters to a trade area population in excess of 413000 residents
A $50 million redevelopment currently underway will deliver a new dining and entertainment precinct to Westfield Tea Tree Plaza with 10 new restaurants and an expanded and upgraded Hoyts cinema complex opening in the centre The new cinema will feature the first Lux screens in South Australia offering cinema-goers a premium experience with reclining chairs
Indoor and outdoor entertainment will be a key feature of the precinct and the area will be brought to life with unique design elements that include light-filled green space water features and a new outdoor childrenrsquos play area
The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $53 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $32 billion
The total retail spend per capita for the Westfield Tea Tree Plaza Main Trade Area is estimated at $13199 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
In the Main Trade Area 76 of households own their own homes or are paying a mortgage which is higher than the Adelaide Metro average of 70 Anticipated completion Q4 2018
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 42 - Link To Disclaimer
Link to Trade Area Map
263 83368 m2 $4798 m 3157NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (100)
Centre Manager Scentre Group
Site Area 213 ha
Car Park Spaces 3157
Value
Acquisition Date 1994
Fair Value ($ million) SCG Share $7850
Fair Value ($ million) $7850
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1995
Centre Redeveloped 2005
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4798
Annual Sales Growth 16
Specialty Sales $9093 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $26 $51
Population 192704 365984
Anchor Retailers
GLA
David Jones 13198 158
Target 7169 86
Big W 7060 85
Coles 3570 43
Woolworths 5100 61
Aldi 1357 16
Cinemas 3516 42
Dan Murphys 1306 16
Major Tenant Total 42276 507
TUGGERAH NSW50 WYONG ROAD TUGGERAH NSW 2259
Westfield Tuggerah is located on NSWrsquos Central Coast approximately 90 kilometres north of the Sydney CBD The centre caters to a trade area population of more than 365000 residents as well as sizeable weekender and tourist populations
The total retail spend by the Westfield Tuggerah Total Trade Area was estimated at $51 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $26 billion
Home ownership figures in the Main Trade are high 73 of households own their own home or are paying a mortgage compared to the Sydney Metro average of 64
In the Main Trade Area 64 of workers are managers professionals or other white collar workers while 36 are engaged in blue collar work
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 43 - Link To Disclaimer
Link to Trade Area Map
388 131938 m2 $7233 m 4650NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
AMP (AMP Warringah Mall Pty Ltd) (50)
Centre Manager Scentre Group
Site Area 171 ha
Car Park Spaces 4650
Value
Acquisition Date 2003
Fair Value ($ million) SCG Share $9300
Fair Value ($ million) $18600
Valuation Date Dec 17
Retail Capitalisation Rate 500
Centre Opened 1963
Centre Redeveloped 2016
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $7233
Annual Sales Growth -68
Specialty Sales $8837 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $36 $51
Population 217449 298347
Anchor Retailers
GLA
Myer 14864 113
David Jones 20100 152
Target 8157 62
Big W 7827 59
Coles 4190 32
Woolworths 5171 39
Cinemas 5571 42
Bunnings Warehouse 1943 15
Major Tenant Total 67823 514
WARRINGAH MALL NSWCONDAMINE SREET amp OLD PITTWATER ROAD BROOKVALE NSW 2100
Westfield Warringah Mall is located 15 kilometres from the Sydney CBD in Sydneyrsquos affluent North One of the largest shopping centres in the area and well served by public transport with a dedicated bus interchange on its doorstep the centre caters to a trade area population in excess of 298000 residents
A $310 million redevelopment completed in 2016 has transformed Westfield Warringah Mall into a premium retail destination with the reconfiguration of around 30000 sqm of retail space to create a contemporary retail environment that retains the mallrsquos unique outdoor ambience
The centre is now home to Australiarsquos first new Myer concept store as well as an exciting mix of international and local brands including HampM Sephora Mecca Maxima and Scotch amp Soda There is also a new Country Road store and an upgraded Woolworths supermarket which is one of Sydneyrsquos largest
The total retail spend per capita for the Westfield Warringah Mall Total Trade Area was estimated at $17226 per annum in 2017 which is 18 above the Sydney Metro average ($14609)
In 2016 the average household incomes were $129292 per annum 15 higher than the Sydney Metro average ($112106)
The high disposable incomes of the arearsquos residents are evident in their spending habits There is a high per capita spend on fashion estimated at $2051 in 2017 which is 27 above the Sydney Metro average ($1612) There is also a high per capita spend on eating out estimated at $2834 in 2017 21 above the Sydney Metro average ($2341)
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 44 - Link To Disclaimer
Link to Trade Area Map
242 72221 m2 $3778 m 3909NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Dexus (50)
Centre Manager Scentre Group
Site Area 204 ha
Car Park Spaces 3909
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $2450
Fair Value ($ million) $4900
Valuation Date Dec 16
Retail Capitalisation Rate 600
Centre Opened 1974
Centre Redeveloped 2013
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3778
Annual Sales Growth 43
Specialty Sales $9214 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $20 $26
Population 150791 203132
Anchor Retailers
GLA
David Jones 13935 193
Harris Scarfe 2755 38
Target 7235 100
KMart 6493 90
Coles 4147 57
Woolworths 3939 55
Cinemas 4325 60
Major Tenant Total 42828 593
WEST LAKES SA111 WEST LAKES BLVD WEST LAKES SA 5021
DEVELOPMENTWestfield West Lakes is located 12 kilometres north-west of the Adelaide CBD and caters to a trade area population in excess of 203000 residents
In 2017 a new David Jones department store opened as a part of a remix due for completion in 2018
The total retail spend by the Westfield West Lakes Total Trade Area was estimated at $26 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $20 billion
The total annual retail spend per capita in the Main Trade Area was estimated at $13189 per annum in 2017 which is broadly in line with the Adelaide Metro average ($13450)
The Main Trade Area is characterised by pockets of cultural diversity with 22 of the total population born outside Australia and broad range of ages and life stages that are broadly consistent with the Adelaide Metro average
The centre underwent a redevelopment in 2013 which included the addition of Target and 39 specialty stores
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 45 - Link To Disclaimer
Link to Trade Area Map
297 85383 m2 $4477 m 4107NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
GIC (50)
Centre Manager Scentre Group
Site Area 227 ha
Car Park Spaces 4165
Value
Acquisition Date 2004
Fair Value ($ million) SCG Share $3300
Fair Value ($ million) $6600
Valuation Date Dec 17
Retail Capitalisation Rate 575
Centre Opened 1978
Centre Redeveloped 2017
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $4477
Annual Sales Growth -11
Specialty Sales $7524 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $28 $64
Population 181328 426325
Anchor Retailers
GLA
Target 8199 96
Big W 7980 93
Coles 4680 55
Woolworths 4411 52
Cinemas 6970 82
Bunnings Warehouse 5791 68
Major Tenant Total 38080 445
WHITFORD CITY WAMARMION AVE amp WHITFORDS AVE HILLARYS WA 6025
Westfield Whitford City is located in Hillarys a coastal suburb 20 kilometres north of the Perth CBD The centre caters to a trade area population of more than 426000 residents
An $80 million redevelopment was completed in September 2017 with the opening of a brand new dining lifestyle and entertainment precinct incorporating an 8-screen Event Cinemas complex and a bowling alley Designed as a space where people can come together the fresh outdoor space celebrate the best of Perthrsquos cafeacute culture and provides a new destination for Perthrsquos northern beaches community
The total retail spend in the Westfield Whitford City Total Trade Area was estimated at $64 billion in 2017 while the total retail spend in 2017 the Main Trade Area was estimated at $28 billion
The annual retail spend per capita in the Main Trade Area was estimated at $15579 in 2017 4 higher than the Perth Metro average ($14971)
The average household income in 2016 was $115502 per annum which is 10 higher than the Perth Metro average ($104975)
In early 2017 Scentre Group and David Jones announced a three-store deal that will see three new David Jones stores open in Westfield shopping centres in Perth one of which will be in Westfield Whitford City
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
Westfield
$
SCENTRE GROUP PROPERTY COMPENDIUM 2017 - 46 - Link To Disclaimer
Link to Trade Area Map
242 71945 m2 $3620 m 2388NUMBER OF RETAILERS GROSS LETTABLE AREA TOTAL ANNUAL RETAIL SALES CAR PARKING SPACES
Ownership amp Site
Centre Owner Scentre Group (50)
Perron (50)
Centre Manager Scentre Group
Site Area 91 ha
Car Park Spaces 2388
Value
Acquisition Date 2005
Fair Value ($ million) SCG Share $3500
Fair Value ($ million) $7000
Valuation Date Dec 17
Retail Capitalisation Rate 550
Centre Opened 1972
Centre Redeveloped 1995
Centre Composition By GLA
Anchors
Specialties gt400sqm
Specialties lt400sqm
Offices
Retail Sales Information
Annual Sales ($ million) $3620
Annual Sales Growth -10
Specialty Sales $9130 psm
Demographics
MTA TTA
Retail Expenditure ($ billion) $33 $78
Population 184209 452375
Anchor Retailers
GLA
David Jones 13634 190
Big W 8492 118
Coles 3400 47
Woolworths 4078 57
Cinemas 3778 53
Major Tenant Total 33382 464
WODEN ACTKELTIE STREET PHILLIP ACT 2606
Westfield Woden is located eight kilometres south of the Canberra CBD Centrally located in the midst of government buildings and neighbourhoods of families professionals and skilled workers the centre caters to a trade area population in excess of 452000 residents
The total retail spend by the Westfield Woden Total Trade Area was estimated at $78 billion in 2017 while the total retail spend by the Main Trade Area was estimated at $33 billion The total retail spend per capita for the Westfield Woden Main Trade Area was estimated at $17750 per annum in 2017 which is 22 above the Sydney Metro average ($14609)
Household incomes in the Main Trade Area in 2016 were $121698 per annum 9 above the Sydney Metro average ($112106)
82 of workers in the Main Trade Area are managers professionals or other white collar workers compared to the Sydney Metro average of 75
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
SCENTRE GROUP PROPERTY COMPENDIUM 2016
Directory and Disclaimer
Scentre Group
Scentre Group LimitedABN 66 001 671 496
Scentre Group Trust 1ARSN 090 849 746(responsible entity Scentre Management LimitedABN 41 001 670 579 AFS Licence No 230329)
Scentre Group Trust 2ARSN 146 934 536(responsible entity RE1 LimitedABN 80 145 743 862 AFS Licence No 380202)
Scentre Group Trust 3ARSN 146 934 652(responsible entity RE2 LimitedABN 41 145 744 065 AFS Licence No 380203)
Registered OfficeLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7000Facsimile +61 2 9028 8500
New Zealand OfficeLevel 2 Office Tower277 BroadwayNewmarket Auckland 1023Telephone +64 9 978 5050Facsimile +64 9 978 5070SecretariesMaureen T McGrathPaul F Giugni
AuditorErnst amp Young200 George StreetSydney NSW 2000
Investor InformationScentre GroupLevel 3085 Castlereagh StreetSydney NSW 2000Telephone +61 2 9358 7877Facsimile +61 2 9028 8500E-mail investorscentregroupcomWebsite wwwscentregroupcom
Disclaimer and Sources
Sources Urbis ABS (incl Census 2016) and Quantium Market Info (Quantium Market Blueprintreg information sourced from NAB transactions representing 10-15 of the market which is weighted using the ABS 2011 Census to be demographically and nationally representative of the Australian market) NZ Marcoplan Dimasi NZ Department of Statistics (incl Census 2013) Marketview Refer to applicable Westfield Centre Trade Area Maps for further trade area information
Disclaimer The portfolio information in this document is produced by Scentre Shopping Centre Management Pty Ltd ACN 000 712 710 and its related bodies corporate as applicable (Scentre Group) The information is provided in good faith and is believed to be correct as at February 2018 The information does not constitute any offer warranty or representation as to the profitability of the Centre or any premises You should make your own enquiries and obtain your own legal business and financial advice about your participation in the Centre and you must satisfy yourself as to the correctness of the information set out in this document before acting on it Any forward looking statements in this document are not assured or guaranteed and may be affected by a number of unforeseen circumstances The extent of any redevelopment and its timing may change dependent on a range of issues Any retailers location of tenancies depiction of usage or category of retailers represented are for illustrative purposes only and do not constitute any representation as to the final tenancy mix of any redevelopment or otherwise Neither Scentre Group the lessor nor any of their related bodies corporate will be liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered as a result of any decision that you may make to act on the information contained in this presentation
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