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Brand Smart Premium Outlet Centre is a Discount Factory Outlet ("DFO") Shopping Centre situated on the Golden Mile in Nunawading, Victoria; 18 km east of Melbourne CBD. Brand Smart Premium Outlet Centre is where consumer and retail favourites integrate seamlessly with over 60 local and international brands.
Opened on 1999 and extensively redesigned and extended in 2013, the centre has 9,315 sqm of Net Lettable Area and has a site area of 25,824sqm as well as parking for 455 cars.
Investment Highlights
Purchase Price - $67m
Equity $39.58m
Projected Returns on Equity
Year 1 Distribution Forecast - 9.1%
Average (5yr) Distribution forecast - 9.6%
Projected Internal Rate of Return (IRR) - 10.1%
Monthly Distributions from Settlement
Weighted Average Lease Expiry (WALE) of 2.7 years (as at 1/7/2016)
63 local and international retail brand tenants and 2 ATM's
Net Lettable Area of 9,315sqm
Brandsmart Premium Outlet Centre
Brandsmart Premium Outlet Centre
Brandsmart Premium Outlet Centre
Brandsmart Premium Outlet Centre
Brandsmart Premium Outlet Centre