Centre Place – North is Hamilton CBD’s destination for food, fashion and entertainment. The centre features both Lido and METRO by Hoyts cinema complexes, together with a good range of indoor and outdoor dining options. The centre is adjacent to Centre Place – South which was sold by Kiwi Property in 2016, but is still managed by Kiwi Property for the new owners.
Lido and METRO by Hoyts both operate cinema complexes at Centre Place.
huge variety of food offered in an outdoor dining lane and an indoor foodcourt.
over 5.5 million people pass through the centre each year.
|ownership interest (%)||100|
|date acquired (constructed 1985)||Dec-94|
|net lettable area (sqm)||15,812|
|net rental income ($m)*||5.6|
|weighted average lease term (years)||2.9|
|book value ($m)||66.2|
|capitalisation rate (%)*||8.63|
|10-year internal rate of return (%)*||9.58|
|total sales ($m)||64.7|
|specialty sales (saled/sqm)||6,900|
|specialty GOC (%)||14.0|
All statistics are for the year ended/as at 30 September 2017 except items marked * which are for the year ended/as at 31 March 2017
Centre Place – NorthGet directions
Centre Place is the retail heart of Hamilton, home to Farmers’ only CBD department store and a wide variety of national and international retailers, along with a great cinema and dining offer. Key retailers include Farmers, METRO by Hoyts and Lido Cinemas.
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