Savills Research Queensland

Quarter Times Brisbane Retail

Q4/2013

Savills Research | Quarter Times

Quarter 4 2013

Key Market Indicators

Brisbane Enclosed Centres Regional Low Major Tenant Gross Rental ($/ sq m) DDS Tenant Gross Rental ($/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 300 200 600 7.25 9.25 90 25 115 3,000 High 450 250 1,100 8.25 9.50 135 40 175 4,800

Neighbourhood Low 300 na 400 7.50 9.00 70 20 90 2,500 High 450 na 800 9.50 10.50 90 35 125 4,200

High 450 250 1,800 6.00 9.00 150 40 190 10,000

300 200 900 5.50 8.75 130 35 165 6,600

Brisbane Shops Queen 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 750 6.50 80 80 160 9,000 High 1,700 8.25 160 160 320 27,000

Shopping Strip Low 300 7.25 30 20 50 2,500 High 800 9.00 50 20 70 7,000

High 7,000 7.50 160 240 400 95,000

2,700 5.50 80 120 200 50,000

Brisbane Bulky Goods Bulky Goods Low Tenant Gross 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 250 11.50 10.75 40 20 60 2,800

150 8.50 9.75 20 15 35 1,400

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Savills Research | Quarter Times

Quarter 4 2013

Major Sales Activity

Select Enclosed Centre Sales Date Oct-13 Oct-13 Oct-13 Oct-13 Property Wilsonton Shopping Centre, Wilsonton Redbank Plains Shopping Centre, Redbank Plains* Deception Bay Shopping Centre Ashmore City Shopping Centre, Ashmore Price ($m) 53.00 na 37.50 37.00 GLA (sq m) 17,683 5,459 19,583 8,780 $/sq m 2,638 3,664 1,914 4,214 Yield (%) na na 7.61 8.50

Source: Savills Research. na not currently available/ *including $2m worth of land.

Select Bulky Good Sales Date Oct-13 Property 33 Shore Street West, Cleveland Price ($m) 4.00 GLA (sq m) 3,394 $/sq m 1,179 Yield (%) VP

Source: Savills Research. VP vacant possession

Select Retail Strip Shops Date Oct-13 Property 454-458 Gympie Rd, Strathpine Price ($m) 5.94 GLA (sq m) 1,892 $/sq m 3,140 Yield (%) na

Source: Savills Research. na not currently available

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Savills Research | Quarter Times

Quarter 4 2013

Current Retail Construction

Major Centres Currently Under Construction (>1,000sq m) Centre Broadway on the Mall Masters Aldi Masters Northpoint Toowoomba Masters Big Top Shopping Centre Bunnings Indooroopilly Shopping Centre Costco Northlakes Woolworths Shopping Centre Aldi Stockland Hervey Bay Pacific Fair Westfield Garden City Sunshine Plaza Suburb Brisbane CBD Bundamba Varsity Lakes Robina Toowoomba Parkinson Maroochydore West Ipswich Indooroopilly Northlakes Rothwell West End Hervey Bay Broadbeach Mt Gravatt Maroochydore Type City Centre Freestanding Freestanding Freestanding Neighbourhood Freestanding Neighbourhood Freestanding Major Regional Bulky Goods Neighbourhood Freestanding Sub Regional Regional Regional Regional 14,000 4,932 1,364 20,000 42,700 40,000 35,000 11,461 30,000 10,409 2,091 13,500 7,270 13,485 12,189 New Extension Refurb 16,747 Completion Jan-14 Jan-14 Jan-14 Feb-14 Feb-14 Mar-14 Mar-14 Mar-14 May-14 May-14 Apr-14 May-14 Jun-15 Jan-16 Jan-16 Jan-16

Source: Cordell Reed Construction Data/Savills Research.

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

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

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

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