Portfolio overview

North City

Located within Porirua’s town centre, North City has been providing quality national and international retailing to its catchment for close to 25 years.

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Key features

From its loyalty programme to its club for kids, North City offers something for everyone.

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

Centre type Regional
Date acquired (constructed 1990) Dec-93
Last refurbished 2004
Net lettable area (sqm) 25,417
Tenants (no.) 104
Carparks (no.) 1,102
FY16 net rental income ($m)¹ 8.4
Occupancy (%) 100.0
Weighted average lease term (years) 4.0
Valuation ($m) 110.0
Capitalisation rate (%)¹ 7.75
10-year internal rate of return (%)¹ 9.17
FY16 total sales ($m)¹ 104.8
Specialty sales ($/sqm)¹ 6,500
Specialty gross occupancy cost (%)¹ 16.2
¹ As at 31 March 2016

Statistics as at 30 September 2016 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.

25%

Fashion

18%

Department and discount department stores

19%

General

16%

Food

12%

Pharmacy and personal services

4%

Comm services

3%

Cinemas

2%

Home and living

1%

Mini-major

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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