Savills Research Western Australia

Quarter Times Perth Retail

Q4/2013

Savills Research | Quarter Times

Quarter 4 2013

Key Market Indicators

Perth 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

Sub-Regional Low 150 150 600 7.50 9.00 75 35 110 2,700 High 220 220 1,150 8.50 10.00 120 40 160 5,200

Neighbourhood Low 135 na 420 7.25 9.50 42 20 62 1,550 High 155 na 740 9.50 10.50 90 40 130 2,600

High 230 230 1,650 7.25 9.25 125 50 175 9,200

160 160 1,050 6.50 8.75 80 40 120 4,500

Perth Shops Hay 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

Other CBD Low 650 7.50 120 45 165 4,200 High 2,600 9.00 170 80 250 7,000

Shopping Strip Low 400 7.00 50 25 75 4,000 High 1,500 9.00 65 35 100 6,500

High 5,000 8.50 280 140 420 7,500

2,300 7.25 110 50 160 5,200

Perth 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

High 270 11.00 12.00 55 35 90 3,000

170 8.50 9.00 35 25 60 1,900

savills.com.au/research

Savills Research | Quarter Times

Quarter 4 2013

Major Sales Activity

Select Perth Retail Enclosed Centre Sales Date Oct-13 Oct-13 Oct-13 Nov-13 Nov-13 Property Harbour Town, West Perth Bunbury Forum Shopping Centre, Bunbury South Lake Shopping Centre, South Lake Brighton Village Shopping Centre, Butler Atwell Arcade, Fremantle Price ($m) 205.00 137.08 6.80 21.00 8.29 GLA (sq m) 21,238 21,384 3,107 3,846 2,678 $/sq m 9,653 6,410 2,189 5,460 3,096 Yield (%) 5.85 na 10.27 7.90 8.63

Source: Savills Research

Select Perth Retail Shop Sales Date Dec-13 Property East End Village, West Perth Price ($m) 8.35 GLA (sq m) 920 ($/sq m) 9,076 Yield (%) 4.25

Source: Savills Research

Select Perth Retail Bulky Goods Sales Date Property Price ($m) GLA (sq m) ($/sq m) Yield (%)

There were no significant bulky goods sales recorded during the quarter.
Source: Savills Research

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

There were no significant development site sales recorded during the quarter.
Source: Savills Research

Current Retail Construction

Major Centres Currently Under Construction Centre Wyatt Grove Shopping Centre Bassendean Village Eaton Fair Shopping Centre Lakeside Joondalup Carillon City Cockburn Gateway SC Centro Warnbro Beeliar Village Shopping Centre Pinjarra Junction SC Wellard Square Shopping Centre
Source: Savills Research/Cordells

Suburb Hocking Bassendean Eaton Joondalup Perth Success Rockingham Beeliar Pinjarra Wellard

Type Neighbourhood Neighbourhood Sub Regional Regional City Centre Sub Regional Neighbourhood Neighbourhood Neighbourhood Neighbourhood

New 5,000

Extension Refurb

Completion Feb-14

2,902 15,500 28,300 2,264 20,600 9,486 3,800 5,492 6,285

Jun-14 Oct-14 Nov-14 Nov-14 Dec-14 Dec-14 May-15 Feb-16 Jun-16

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

Theo Dimarhos +61 (0) 2 6221 8275 tdimarhos@savills.com.au

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

Project Management

Savills New South Wales

Research
Simon Hemphill +61 (0) 2 8215 8892 shemphill@savills.com.au Leighton Hunziker +61 (0) 2 8215 8838 lhunziker@savills.com.au

Valuations

Andrew Johnston +61 (0) 2 8215 8853 ajohnston@savills.com.au Thomas Brown +61 (0) 2 8215 8893 tbrown@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

Retail Management

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

Project Management

Savills Queensland
Research
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

Retail Leasing

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

Retail Management

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

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

Sunshine Coast

Gold Coast

Kevin Carmody +61 (0) 7 5592 5199 Kevin@savillsgc.com.au

Project Management

Gary Finnegan +61 (0) 7 3018 6703 gfinnegan@savills.com.au

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
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

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

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