PROPERTY / RETAIL PROPERTY / BROADWAY SYDNEY
Address Bay Street, Glebe, NSW
Ownership 50% Perron Investments Pty Ltd, 50% Mirvac Group
Class Regional shopping centre
Year Built 1998
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.