Establishment of SCA Property Group
Lease Overviews
Key Initial Lease Terms
•
24
Lease Expiry Profile (% of Fully Leased Gross Income) (1)
•
Woolworths maintains a right of refusal across six properties in Australia
and all properties in New Zealand
74.9%
•
Supermarkets (2)
-
-
15 years to 23 years 3 months
4 x 10 year options (tenant election)
5 year reviews = base rent + turnover rent/3
BIG W (2)
-
-
15 years to 23 years 3 months
4 x 10 year options (tenant election)
5 year reviews base rent + turnover rent/3
Dan Murphy's
-
15 years to 21 years 7 months
4 x 10 year options (tenant election)
0.5%
2.3% 2.5% 3.8%
5.5%
3.5%
4.8%
1.6%
0.7%
-
•
5 year reviews = base tent + turnover rent/3
Petrol
2013
2014
2015
2016
2017
2018
2019 2020
2021 Beyond
-
2022
-
10 years 7 months to 15 years 4 months
8 x 5 year options (tenant election)
Annual reviews = lesser of CPI or 4%
•
Liquor (non Dan Murphy's)
•
-
5 years 3 months to 7 years 2 months
10 or 11 x 5 year options (tenant election)
No review
Specialties
(2)
-
Typically 3 to 5 years
-
Annual reviews typically comprise either CPI based increases, fixed
percentage increases or market reviews
Excludes income attributable to tenancies that are currently not leased and subject to the Rental Guarantee
Under 37 of the supermarket and BIG W leases, the base rent is to increase by a minimum of 5% of the commencing rent or the previous minimum rent (as the case may be) on each of the first three reviewsView entire presentation