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References in periodicals archive ?
Moody's notes that Vicinity's 85 directly owned properties -- with 2.8 million square metres of gross lettable area and market value of AUD15 billion -- provide significant operating benefits, while the strong positioning of the assets within their respective local areas has led to their consistent long-term robust operating performance.
On completion the Maerua Mall node will offer 60,080[m.sup.2] of gross lettable area, which consists of 50,580[m.sup.2] retail space and 9,500[m.sup.2] office space.
The portfolio comprises a total gross lettable area of 339,686 sq m, of which 319,058 sq m comprises hypermarket space and 20,628 sq m is retail gallery space.
Currently, the site has 19,602 sqm of gross lettable area of which 65% of this space is occupied with three tenants paying a total annual rental income of EUR 1.88m on leases with an average lease length remaining of 2.7 years.
The new building will comprise four floors with 15,948 [m.sup.2] gross lettable area and 6 basements providing 685 parking bays, including 55 public parking spaces.
This site has 53,200 sqm of gross lettable area of which 45.9% is offices and 39.3% is warehouses and the rest is a structural vacancy with an opportunity for development into further office space.
The total gross lettable area of these properties is 14 173[m.sup.2] and is expected to produce an average initial income yield of 9.4%.
Total gross lettable area of the property is 19,602 sqm of office space of which 64.6% is let to 3 tenants paying an annual rental income of EUR 1.88m (equating to EUR 7.99 psm) with a weighted average lease length remaining of 2.7 years.
It has a gross lettable area of 19,476 square metres over ten floors and includes underground parking.
The company said that Kragujevac Plaza was approximately 92% let on opening, with the remaining space in advanced negotiations, the Plaza comprises 22,000 sqm of gross lettable area (GLA) over two floors with approximately 700 parking spaces, adding that there is a six screen Cineplexx cinema; bowling facilities; the Arena Fun Factory entertainment centre; Circus Playground; and 95 shops.