Savills Research New South Wales

Quarter Times Sydney Retail

Q4/2013

Savills Research | Quarter Times

Quarter 4 2013

Key Indicators
Sydney 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 *stated

Sub-Regional High 600 450 2,250 7.00 9.25 158 28 186 Low 225 110 600 7.50 9.25 112 21 133 3,000 High 395 230 1,100 9.00 10.00 133 29 162 5,000

Neighbourhood Low 200 na 350 7.00 9.00 77 22 99 2,000 High 380 na 850 10.50 10.75 138 39 177 6,000

250 200 1,000 5.50 8.50 121 17 138 7,500

15,000

Sydney Retail Shops Pitt St 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 *stated

Other CBD High 13,250 6.50 344 63 407 35,000 Low 500 5.50 184 31 215 5,000 High 4,000 8.00 344 63 407 10,000

4,500 5.50 184 31 215 10,000

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

High 450 12.75 12.00 33 18 51 2,000

150 8.75 10.50 13 6 19 1,000

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Savills Research | Quarter Times

Quarter 4 2013

Major Sales Activity

Select Sydney Retail Enclosed Centre Sales Date Oct-13 Nov-13 Nov-13 Nov-13 Nov-13 Dec-13 Property Oxford Square Harbourside Shopping Centre Centro Seven Hills Lake Innes Village Grafton Mall Carlingford Court
*equated yield na = not currently available

Price ($m) 62.70 252.00 82.50 17.35 10.55 175.50

GLA (sq m) 12,088 20,022 19,502 4,229 4,422 28,365

$/sq m 5,187 12,586 4,230 4,103 2,386 6,187

Yield (%) 8.00* 6.90 na 8.60 8.43 7.25

Source: Savills Research

Select Sydney Retail Shop Sales Date Property Price ($m) GLA (sq m) $/sq m Yield (%)

There were no sales >$5 million recorded throughout the quarter.

Source: Savills Research *equated yield

Select Sydney Retail Bulky Goods Sales Date Nov-13 Property HomeBase Prospect
*equated yield

Price ($m) 40.45

na = not currently available

GLA (sq m) 25,018

$/sq m 1,617

Yield (%) na

Source: Savills Research

Select Sydney Retail Development Site Sales Date Property Price ($m) Area (sq m) $/sq m Yield (%)

There were no sales >$5 million recorded throughout the quarter.

Source: Savills Research

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Savills Research | Quarter Times

Quarter 4 2013

Current Retail Construction

Current Sydney Major Centres Under Construction Centre Macquarie Centre Wollongong Centre Shopping Centre Westfield Miranda Bunning Rydalmere Masters Hoxton Park Masters Blacktown Bunnings West Gosford Super A-Mart Greystanes Shopping Centre Shopping Centre Schofields - Woolworths Kiora Land Site Stockland Wetherill Park Shopping Centre 5 Martin Pl Commonwealth Bank Building
Source: Cordell Reed Construction Data/Savills Research

Suburb Macquarie Park Wollongong Miranda Rydalmere Hoxton Park Michinbury Gosford Bankstown Greystanes Schofields Double Bay Wetherill Park Sydney

Type City Centre City Centre Regional Bulky Goods Bulky Goods Bulky Goods Bulky Goods Bulky Goods Neighbourhood Freestanding Freestanding Neighbourhood Other

New 34,921

Extension

Refurb

Completion 2014

19,000 17,738 15,717 13,684 13,451 13,255 5,785 5,656 4,495 8,549 11,955 2,256

2014 2014 2014 2014 2014 2014 2014 2014 2014 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

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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

Theo Dimarhos +61 (0) 2 6221 8275 tdimarhos@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

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Paul Day +61 (0) 7 3002 8860 pday@savills.com.au

Valuations
Lawrence Devine +61 (0) 7 3002 8822 ldevine@savills.com.au

Retail Sales
Peter Tyson +61 (0) 7 3002 8807 ptyson@savills.com.au

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Garry McDowall +61 (0) 7 3002 8920 gmcdowall@savills.com.au

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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
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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

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

Valuations
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City Sales
Clinton Baxter +61 (0) 3 8686 8021 cbaxter@savills.com.au

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

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

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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