Portfolio overview

Centre Place – North

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.

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Key features

Great entertainment

Lido and METRO by Hoyts both operate cinema complexes at Centre Place.

Plenty to eat

Huge variety of food offered in an outdoor dining lane and an indoor foodcourt.

High visitation

Over 5.5 million people pass through the centre each year.

Key facts

Ownership interestn(%) 100
Centre type Sub-regional
Date acquired (constructed 1985) Dec-94
Last refurbished/redeveloped 2011
Net lettable area (sqm) 15,822
Tenants (no.) 79
Carparks (no.) 554
Net operating income ($m) 5.6
Occupancy (%) 92.9
Weighted average lease term (years) 3.0
Valuation ($m) 66.0
Capitalisation rate (%) 8.63
10-year internal rate of return (%) 9.58
Total sales ($m) 60.6
Specialty sales (saled/sqm) 7,600
Specialty GOC (%) 13.0

Statistics as at 31 March 2017 unless otherwise stated

Location

Centre Place – North

501 Victoria Street
Hamilton 3024

Visit Centre Place – North website

Get directions

Who's at Centre Place – North?

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.

86%

Specialty

8%

Mini-majors

6%

Cinemas

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Our Centre Manager

To speak to our Centre Manager, please contact:

Maureen Pearce
Centre Manager

+64 7 839 8565
+64 21 978 034

Lease with us

We're passionate about providing exceptional spaces for retailers to flourish. If you are looking for great retailing space at Centre Place, contact our leasing team today.

Contact us