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.
North City is home to more than 100 specialty retail stores.
more than 4.4 million people pass through North City's doors each year.
our retailers are housed in more than 25,000 sqm of modern retailing space.
|ownership interest (%)||100|
|date acquired (constructed 1990)||Dec-93|
|net lettable area (sqm)||25,439|
|net rental income ($m)*||9.1|
|weighted average lease term (years)||4.1|
|book value ($m)||112.4|
|capitalisation rate (%)*||7.63|
|10-year internal rate of return (%)*||9.45|
|total sales ($m)||120.3|
|specialty sales (sales/sqm)||8,900|
|specialty GOC (%)||12.0|
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
North CityGet directions
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.
Department stores and discount department stores
To speak to our Centre Manager, please contact:
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