LynnMall

3058 Great North Road, New Lynn, Auckland

LYNNMALL is a regional shopping centre which first opened in 1963. It has been refurbished and extended over the years and is anchored by a Farmers department store, Countdown supermarket and a cluster of popular mini-major retailers. It is well located within the New Lynn town centre, adjacent to an integrated rail and bus interchange.

Key property statistics

Centre type                                        Regional Shopping Centre
Date acquired December 2010
Net lettable area [sqm]                    31,480
Carparks [no.]                                   1,412
2011 net operating income [$m]* 3.7
Valuation [$m] 176.3
Capitalisation rate [%] 8.00
10-year internal rate of return [%] 10.39
Occupancy [%] 100.0
Weighted average lease tem [years] 3.2
MAT [$m] 221.4
Information current as at 31 Mar 2011 & 30 Sep 2011

Tenant diversification (by gross income)

Lease expiry (by gross income)