PROPERTY / RETAIL PROPERTY / BROADWAY SYDNEY

BROADWAY SYDNEY

Address Bay Street, Glebe, NSW

Ownership 50% Perron Investments Pty Ltd, 50% Mirvac Group

Class Regional shopping centre

Purchased 2007

Year Built 1998

Extended 2007

Refurbished 2016

Land Area 2.23 hectares

Levels 4 levels

Car Bays 1,665

Lettable Area 52,708m²

Number of Tenants 2 discount department stores, 2 supermarkets, 13 mini-majors, 129 specialties, 11 non-retail & 6 other retail.

Broadway comprises approximately 52,708m² of GLA and is anchored by Coles, Kmart, Target, Hoyts, Aldi, Apple, H&M and Sephora. The centre has ranked first since 2012 in the highest annual turnover per square metre category at the Shopping Centre News “Big Guns” Awards.

The centre is situated 2.5km south-west of the Sydney CBD in the suburb of Glebe. With proximity to the University of Technology Sydney and University of Sydney, Broadway services a large student population as well as the emerging catchment of Sydney’s inner-west.

A 50% interest in this property was acquired from Walker Corporation Pty Ltd in January 2007, with Mirvac acquiring the other 50% interest and controlling the centre management by way of a separate Management Agreement.