Retail Division Development Update

Transcription

1 Retail Division Development Update June 07 1 Stockland Batemans Bay, NSW

2 John Schroder CEO - Retail Division 2 Stockland Wetherill Burleigh Heads, Park, NSW QLD 2

3 Agenda Retail Division Overview Portfolio Team Growth Drivers Rental upside Development pipeline Operational excellence Summary Stockland Glendale, NSW 3

4 Retail Division Overview Our Mission To offer customers the best retail solution that meets the needs of the local community -Management -Leasing -Marketing -Development, Design & Construction No. of assets Book Value Development Pipeline Tenants Annual Sales Customer Visitations 41 >$3.8bn >$1.5bn >3,000 >$4.5bn 128m p.a *As at 31 December 2006 Stockland Wetherill Park Book Value - $308m Stockland Rockhampton proposed re-development $65 million + Stockland Green Hills $280 million in annual sales 4

5 Retail Division Overview Diversity: Geographic & Asset Type 5

6 Retail Division - Team John Schroder CEO GM Development, Design & Construction Stewart White GM New Business & Retail Mgmt Campbell Holmes á Court GM Leasing Vaughn McGuinness GM Marketing & Brand Alliance Stuart Langeveldt GM Finance Simon Bird GM Human Resources Louise Roche National Mgr New Business & Strategy Stephen Bull Stockland Glendale, NSW Stockland Townsville, QLD 6 6

7 Retail Division - Team Strong, experience executive team Simon Bird - General Manager, Finance Stephen Bull National Manager New Business & Strategy Campbell Homes a Court General Manager, New Business and Retail Management Stuart Langeveldt - General Manager, Marketing and Brand Alliance Vaughn McGuinness General Manager, Leasing Louise Roche General Manager, Human Resources Stewart White - General Manager, Development Design and Construction Stockland Glendale, NSW 7 7

8 Growth Drivers - Strategy Unlock rental upside Deliver & maximise development pipeline Operational excellence Stockland Green Hills, NSW 8

9 Growth Drivers Rental Upside 35% 30% % INC on Renewals %INC on New Deals 29.2% 25% 20% 20% 19.2% 16.7% 20.0% 21.4% 20.1% 18.5% 19.7% 15% 12.0% 13.3% 12.6% 10% 5% 0% Jun-04 Dec-04 Jun-05 Dec-05 Jun-06 Dec-06 Expect momentum to continue into 30 June 07 and the year ahead 9

10 Growth Drivers Development Pipeline Development Pipeline Completed in FY07 Active in FY07 Preparation/Masterplanning TOTAL No of Projects Total Cost ($m) $121.0 $151.5 $ $ FY07 Completions Forster (Stage 1 and 2) Baulkham Hills (Stage 1) Baldivis TOTAL Total Cost ($m) $48.2 $47.9 $24.9 $121.0 Average Yr 1 yield 9.2% 7.4% 8.1% 10

11 Stewart White General Manager - Development, Design and Construction 11 Stockland Bay Village, NSW 11

12 Retail Division Development Pipeline Active Projects Forster (inc. Bunnings & Bulky Goods Baulkham Hills Baldivis Wendouree Rockhampton Total Pipeline Projects * Nowra & Nowra Bulky Mudgee Merrylands Balgowlah Glenrose Vicentia Gladstone Caloundra (stage 1) Green Hills Townsville Kawana (Stage 1) Shellharbour Townsville Waterway Gardens (Stage1) Jimboomba (Stage 1) Tooronga Glenmore Park Riverton Parabanks (Stage 1) Total Forecast Cost ($m) ,262.0 Forecast Yield (%) Status September 2007 October 2007 May 2007 August 2007 August 2008 DA approved DA approved DA approved DA approved with conditions DA approved pending DA lodged Masterplanning Masterplanning Masterplanning Masterplanning Masterplanning Masterplanning Masterplanning Masterplanning Masterplanning Masterplanning Masterplanning Masterplanning * As at 31 December

13 Case Study: Stockland Merrylands Pre-Development Commencement: 1H08 Stage 1 of major redevelopment One of Australia s most productive subregional centres. Convenient total shopping destination to meet the needs of the local community. DA and Section 96 are now approved and all major anchor deal completed. 13

14 Case Study: Stockland Merrylands Post Development Image currently being amended to remove some colour as requested 14

15 Case Study: Stockland Merrylands Post Development 15

16 Case Study: Stockland Merrylands Post Development 16

17 Case Study: Stockland Merrylands Master Plan Ground Level 17

18 Case Study: Stockland Merrylands Master Plan Level 1 18

19 Case Study: Stockland Jimboomba Purchased: April 2007 Joint Venture Partnership with Zagame Group and Pellicano Group. Next subregional to be developed in the SW growth corridor in Brisbane Strong interest from major tenants and bulky goods tenants. 19

20 Case Study: Stockland Jimboomba 20

21 Case Study: Stockland Cammeray Commencement: Completion: 2H07 1H08 Mixed Use. Working with Hampton's Development Group to deliver the retail component of the redevelopment. Currently leasing the Centre, focusing on attracting boutique, quality tenants for the affluent demographic. 21

22 Case Study: Stockland Cammeray 22

23 Growth Drivers - Operational Standards First Choice Strategy Positioning The real heart of shopping for the communities we serve Rationale Position Retail mix Design Service Emotional Promise Feel good shopping Stockland Townsville, QLD 23

24 Growth Drivers - Operational Standards First Choice Principles Consistent rollout of amenities design brief Combination of help points Combination of customer care Cleanliness One key community project per asset Family Room, Stockland Baulkham Hill, NSW 24

25 Summary Strong and experienced Executive Team with focus on acquiring and developing new talent. Development, Design and Construction pipeline is robust and continues to contribute to the overall growth strategy. Operational initiatives, such the First Choice strategy to ensure the asset is world class in it s trade area. Stockland Glendale, NSW 25

26 Disclaimer Corporation/ Responsible Entity Stockland Corporation Limited ACN Stockland Trust Management Limited ACN th Floor 133 Castlereagh Street SYDNEY NSW 2000 DISCLAIMER OF LIABILITY While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information in this presentation. All information in this presentation is subject to change without notice. 26