Savills Research South Australia

Quarter Times Adelaide Retail

Q4/2013

Savills Research | Quarter Times

Quarter 4 2013

Key Market Indicators

Adelaide Enclosed Centres Regional* Low Major Tenant Net Rental ($/sq m) DDS Tenant Net Rental ($/sq m) Specialty Tenant Net Rental ($/sq m) Yield Market (%) IRR (%) Outgoings Operating ($/sq m) Outgoings Statutory ($/sq m) Outgoings Total ($/sq m) Capital Values ($/sq m)
Source: Savills Research * Includes Major & Super-Regional

Sub-Regional Low 150 90 750 7.50 9.00 100 30 130 3,500 High 325 125 1,250 8.50 9.50 140 40 180 6,000

Neighbourhood Low 150 na 200 7.50 9.00 40 25 65 1,600 High 300 na 600 9.00 10.25 50 35 85 4,500

High 350 125 1,775 7.50 9.00 140 40 180 10,800

170 75 1,010 6.50 8.25 120 30 150 7,200

na = not applicable

Adelaide Shops Rundle Mall Low Net Rental ($/sq m) Yield Market (%) Outgoings Operating ($/sq m) Outgoings Statutory ($/sq m) Outgoings Total ($/sq m) Capital Values ($/sq m)
Source: Savills Research

Other CBD Low 400 6.00 70 150 220 3,000 High 1,200 8.00 90 170 260 7,000

Shopping Strip Low 250 6.00 40 15 55 1,600 High 600 8.50 50 25 75 3,600

High 3,700 7.50 100 220 320 9,000

2,000 5.00 80 200 280 3,600

Adelaide Bulky Goods Bulky Goods Low Tenant Net Rental ($/sq m) > 1,000 sq m Yield Market (%) IRR (%) Outgoings Operating ($/sq m) Outgoings Statutory ($/sq m) Outgoings Total ($/sq m) Capital Values ($/sq m)
Source: Savills Research

High 220 10.50 11.50 20 27 47 2,700

125 9.00 10.00 17 14 31 1,600

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Savills Research | Quarter Times

Quarter 4 2013

Major Sales Activity

Select Adelaide Enclosed Retail Centre Sales Date Oct-13 Oct-13 Nov-13 Property 90-108 Sherriffs Rd, Morphett Vale 6-8 Dawson St, Strathalbyn 693-709a Burbridge Rd, West Beach Price ($m) 60.00 10.10 6.54 GLA (sq m) 15,844 2,823 2,307 $/sq m 3,787 3,578 2,835 Yield (%) 7.47 6.84 6.51

Source: Savills Research

Select Adelaide Retail Shop Sales Date Oct-13 Oct-13 Nov-13 Property 71 Rundle Mall, Adelaide 83 Mount Barker Rd, Stirling 133-139 Magill Rd, Stepney Price ($m) 7.53 1.35 2.50 GLA (sq m) 175 276 1,100 $/sq m 43,029 4,891 2,273 Yield (%) 5.50 7.37 7.41

Source: Savills Research

Select Adelaide Bulky Goods Centre Sales Date Nov-13 Property 933-945 North East Rd, Modbury Price ($m) 16.30 GLA (sq m) 6,170 $/sq m 2,642 Yield (%) 7.75

Source: Savills Research

Select Adelaide Retail Development Site Sales Date Property Price ($m) GLA (sq m) $/sq m

There were no sales >$1 million recorded throughout the quarter.

Source: Savills Research

Current Retail Construction

Major Centres Currently Under Construction Centre Westfield Tea Tree Plaza Churchill Centre Castle Plaza Shopping Centre Brickworks Woolworths Costco Gawler Green Seaford Meadows Shopping Centre Westfield Marion Salisbury Plain Shopping Centre The Stables Shopping Centre Norwood Mall
Source: Savills Research * = approximate

Suburb Modbury Kilburn Edwardstown Torrensville Kilburn Evanston Seaford Meadows Oaklands Park Salisbury Plain Golden Grove Norwood
na = not currently available

Type Major Regional Sub Regional Regional Sub Regional Bulky Goods Neighbourhood Neighbourhood Super Regional Neighbourhood Neighbourhood Neighbourhood

New

Extension 30,000*

Refurb

Completion 2014 2014

19,000 18,000* 16,000* 14,000* 6,700* 6,670 50,000* 9,100 5,000* na

2014 2014 2014 2014 2014 2015 2015 2015 2015*

This information is general information only and is subject to change without notice. No representations or warranties of any nature whatsoever are given, intended or implied. Savills will not be liable for any omissions or errors. Savills will not be liable, including for negligence, for any direct, indirect, special, incidental or consequential losses or damages arising out of our in any way connected with use of any of this information. This information does not form part of or constitute an offer or contract. You should rely on your own enquiries about the accuracy of any information or materials. All images are only for illustrative purposes. This information must not be copied, reproduced or distributed without the prior written consent of Savills. Savills 2014

savills.com.au/research

Savills Research | Quarter Times

Quarter 4 2013

Savills Australian Capital Territory

Research
Simon Hemphill +61 (0) 2 8215 8892 shemphill@savills.com.au

Valuations
Phil Harding +61 (0) 2 6221 8293 pharding@savills.com.au

Sales & Leasing

Alison Majdandzic +61 (0) 2 6221 8291 amajdandzic@savills.com.au

Project Management
Mitchell Thomas +61 (0) 2 6221 8294 mthomas@savills.com.au

Savills New South Wales

Research
Simon Hemphill +61 (0) 2 8215 8892 shemphill@savills.com.au

Valuations
Andrew Johnston +61 (0) 2 8215 8853 ajohnston@savills.com.au

Retail Sales
Simon Fenn +61 (0) 2 8215 8888 sfenn@savills.com.au

Metro & Regional Sales

Robert Lowe +61 (0) 2 8215 8841 rlowe@savills.com.au

Retail Leasing
Leighton Hunziker +61 (0) 2 8215 8838 lhunziker@savills.com.au

Retail Management
Thomas Brown +61 (0) 2 8215 8893 tbrown@savills.com.au

Project Management
David Nicholas +61 (0) 2 8913 4813 dnicholas@savills.com.au

Savills Queensland
Research
Paul Day +61 (0) 7 3002 8860 pday@savills.com.au Lawrence Devine +61 (0) 7 3002 8822 ldevine@savills.com.au

Valuations

Peter Tyson +61 (0) 7 3002 8807 ptyson@savills.com.au Kevin Carmody +61 (0) 7 5592 5199 Kevin@savillsgc.com.au

Retail Sales

Garry McDowall +61 (0) 7 3002 8920 gmcdowall@savills.com.au Gary Finnegan +61 (0) 7 3018 6703 gfinnegan@savills.com.au

Retail Leasing

Retail Management

Shane Twomey +61 (0) 7 3002 8933 stwomey@savills.com.au

Sunshine Coast

Dustin Welch +61 (0) 7 5313 7519 dwelch@savills.com.au

Gold Coast

Project Management

Savills South Australia

Research
Hamish Johnston +61 (0) 8 8237 5029 hjohnston@savills.com.au

Valuations
Alastair Johnston +61 (0) 8 8237 5041 acjohnston@savills.com.au

Retail Sales & Leasing

Peter Isaksson +61 (0) 8 8237 5020 pisaksson@savills.com.au

City & Metropolitan Sales

Steve Bobridge +61 (0) 8 8237 5015 sbobridge@savills.com.au

Retail Management
Jeffrey Klaebe +61 (0) 8 8237 5018 jklaebe@savills.com.au

Project Management
Steve Christodoulou +61 (0) 8 8237 5004 schristodoulou@savills.com.au

Savills Victoria
Research - National
Tony Crabb +61 (0) 3 8686 8012 tcrabb@savills.com.au

Research - VIC
Glenn Lampard +61 (0) 3 8686 8034 glampard@savills.com.au

Valuations
Stuart Fox +61 (0) 3 8686 8029 sfox@savills.com.au

Capital Transactions
Dominic Long +61 (0) 3 8686 8031 dlong@savills.com.au

Investment Sales
Pat De Maria +61 (0) 3 8686 8080 pdemaria@savills.com.au

Retail Leasing
Michael Di Carlo +61 (0) 3 8686 8071 mdicarlo@savills.com.au

Asset Management
Egan Smith +61 (0) 3 8686 8042 esmith@savills.com.au

Project Management
Chris Adam +61 (0) 3 9445 6841 cadam@savills.com.au

Savills Western Australia

Research
Gemma Alexander +61 (0) 8 9488 4140 galexander@savills.com.au

Valuations
Mark Foster-Key +61 (0) 8 9488 4145 mfosterkey@savills.com.au

Capital Transactions
Miles Rowe +61 (0)8 9488 4116 mrowe@savills.com.au

City & Metropolitan Sales

Chas Moore +61 (0) 8 9488 4155 cmoore@savills.com.au

Retail Leasing
Chris Ireland +61 (0) 8 9488 4179 cireland@savills.com.au

Retail Management
Mark Townsend +61 (0) 8 9488 4114 mtownsend@savills.com.au

Project Management
Graham Nash +61 (0) 8 6271 0306 gnash@savills.com.au