Portfolio

Sub-Regional Fund Portfolio

Attributes

Building Area Net
Land Area Net ()

Portfolio description

An unparalleled, strong performing & dominant portfolio, offering immediate scale.


On behalf of Lendlease, JLL are pleased to present for sale the Australian convenience based sub-regional Portfolio, available individually, or in-one-line.


With a total portfolio MAT above $460 million, the three retail precincts offer dominant convenience based shopping centres across New South Wales and Western Australia, including:


  • Menai Marketplace - A dominant metro Sydney sub-regional protected by high barriers to entry and anchored by an exceptional performing Woolworths and Big W.
  • Settlement City – The largest shopping centre & the only full-line Woolworths supermarket in the growing trade area.
  • Southlands Boulevarde - A highly unique triple supermarket anchored shopping centre (Coles, Woolworths & ALDI) situated on 5.7ha in metropolitan Perth.

Investment Highlights

Menai Marketplace


  • Densely populated and affluent trade area of some 164,000 people about 30km south-west of the Sydney CBD
  • Only sub-regional centre within its trade area and the first sub-regional centre in Sydney formally offered to market since 2019
  • Ranked fourth in Australia by Total MAT in SCN Mini-Guns
  • Total Centre productivity $11,524/sqm, being 47% above the Urbis Benchmark
  • Ultra-convenience with 80% of gross income underpinned by non-discretionary tenants
  • Highly affluent catchment with average household incomes of $146,786 being 28% above Sydney metro averages


Settlement City


  • Largest centre in the Greater Port Macquarie region, featuring the only Woolworths and Big W within its trade area
  • Ranked 12th in Australia by Total MAT in SCN Mini-Guns
  • Retail expenditure in the trade area is forecast to grow at a rate of circa 3.5 per cent per annum, underpinned by local trade and tourism, with approximately 3.1 million people shopping there each year
  • Dominant major tenant performance contributing 62% to total MAT
  • Strong population growth of 1.4% p.a. until 2041 - outpacing the NSW non-metro averages
  • Convenience centric with 74% of the GLA weighted toward non-discretionary retailers


Southlands Boulevarde


  • Holds a strong local convenience offer and is the largest centre in its trade area of over 84,000 people
  • One of only 10 triple supermarket shopping centres in Australia without a DDS
  • Substantial & strong performing food & grocery offer underpinning 50% of GLA, however contributing 73% to total MAT
  • Unique entertainment offer with a recently refurbished Hoyts Cinema leased until 2037
  • Affluent demographic with household incomes 8.5% above the Perth metro average and situated just 12 km south of Perth CBD


The properties are for sale via an Expressions of Interest campaign closing 2:00pm (AEST) Thursday, 18th August 2022.


To obtain further information or to arrange an inspection, please contact the selling agents.


Notes:

  • All demographic statistics are per the individual demographic reports prepared by Location IQ
  • All MAT / sales data is as at May-22 and including GST
  • Southlands Boulevarde will be a triple supermarket anchored shopping centre upon ALDI opening. ALDI currently within AFL period.
  • DDS is Discount Department Store

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

List View
Map View
Sub-Regional Fund Portfolio (3 Properties)
Menai Marketplace
Menai, NSW, Australia
Settlement City
Port Macquarie, NSW, Australia
Southlands Boulevarde
Willetton, WA, Australia
Expand Map Collapse Map
Last Updated Date: 26 Jul 2022

¿Tiene alguna duda?  Visite nuestra página de Preguntas Frecuentes

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.