Metcentre external signage
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METCENTRE

60 MARGARET ST, SYDNEY, NSW 2000

MetCentre is located at the base of 60 Margaret Street in Sydney and adjoins Wynyard train station. It has excellent exposure to George Street, well positioned to benefit from the light rail project, and currently draws approximately 12 million visitations per annum. The centre is anchored by a Woolworths supermarket and comprises approximately 75 specialty stores, including a significant food offering.

Grade
CBD RETAIL
Ownership
50% Mirvac, 50% Blackstone
GLA
6,496 SQM

Summary information

Acquisition Date Aug-98
Last External Valuation Date 31-Dec-18
Valuation at 30-JUN-20 $85.0m
Valuer Directors Valuation
Capitalisation Rate 5.50%
Discount Rate 7.00%
Centre Mat $84.6m
Specialty Sales $12,015/SQM
Specialty Occupancy Cost 22.4%
Valuation: Book value represents Mirvac's ownership.

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Woolworths 1,486 Aug-29
Metcentre interior

Lease Expiry Profile % Income

Wale: 3.0 YEARS