Broadway Sydney street view
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BROADWAY SYDNEY

1 BAY ST, GLEBE, NSW 2037

This dominant centre is located on the fringe of the Sydney CBD and services the densely populated and growing catchment of Sydney's inner city and inner west. The centre is anchored by Coles, Kmart, Target, Hoyts, ALDI, Apple, H&M, LEGO, Mecca, Sephora and features approximately 140 specialty stores. Broadway Sydney was ranked "Number 1" in Australia, six years in a row (2013-2018), in Shopping Centre News Big Guns Awards for annual turnover per square metre.

Grade
REGIONAL
Ownership
50% Mirvac, 50% Perron
GLA
52,711 SQM

Summary information

Car Spaces 1,665
Acquisition Date Jan-07
Last External Valuation Date 31-Dec-19
Valuation at 30-JUN-20 $487.3m
Valuer Colliers International
Capitalisation Rate 4.50%
Discount Rate 6.50%
Centre Mat $633.9m
Specialty Sales $14,026/SQM
Specialty Occupancy Cost 16.90%
Valuation: Book value represents Mirvac's ownership. Also includes adjoining properties 52-60 Francis St, Glebe; 80 Bay Street, Ultimo and 1-3 Smail Street, Ultimo.
Capitalisation and discount rates: Relates to retail component only.

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Kmart 7,394 Mar-23
Entity Name NLA / GLA SQM Lease Expiry
Hoyts 4,857 Jul-28
Broadway Sydney interior with skylight

Lease Expiry Profile % Income

Wale: 3.3 YEARS