Portfolio overview

North City

Located within Porirua’s town centre, North City has been providing quality national and international retailing to its catchment for over 25 years.  The two-level centre is supported by an adjoining New World supermarket under separate ownership.

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Key features

Great choices

North City is home to more than 100 specialty retail stores.

High visitation

More than 4.4 million people pass through North City's doors each year.

Plenty of space

Our retailers are housed in more than 25,000 sqm of modern retailing space.

Key facts

Ownership interest (%) 100
Centre type Regional
Date acquired (constructed 1990) Dec-93
Last refurbished/redeveloped 2004
Net lettable area (sqm) 25,403
Tenants (no.) 102
Carparks (no.) 1,102
Net rental income ($m) 9.1
Occupancy (%) 100.0
Weighted average lease term (years) 4.0
Valuation ($m) 110.5
Capitalisation rate (%) 7.63
10-year internal rate of return (%) 9.45
Total sales ($m) 118.2
Specialty sales (sales/sqm) 8,300
Specialty GOC (%) 12.9

Statistics as at 31 March 2017 unless otherwise stated

Location

North City

2 Titahi Bay Road
Porirua 5022

Visit North City website

Get directions

Who's at North City?

With over 100 stores, North City has every shopping need covered in one convenient and easy location. Key retailers include Farmers, Kmart and Reading Cinemas.

75%

Specialty

19%

Department stores and discount department stores

1%

Mini-majors

3%

Cinemas

2%

Other

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Our Centre Manager

To speak to our Centre Manager, please contact:

Holly Lynn
Centre Manager

+64 4 238 1884
+64 27 660 4852

Lease with us

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

Contact us