Portfolio overview

Northlands

One of New Zealand’s largest enclosed shopping centres, Northlands has been servicing its Christchurch catchment for more than 40 years.

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Key features

Originally constructed in the 1960s, Northlands is a single-level regional shopping centre which has been extensively and progressively redeveloped over many years to meet demand and demographic shifts.

Outstanding mix

Quality shopping options with more than 120 specialty retailers on offer.

Strong demographic

Northlands draws more than 300,000 customers from within a 15-minute driving radius.

Plenty of parking

More than 1,700 carparking spaces are provided.

Key facts

Centre type Regional
Date acquired (constructed 1967) Mar-94/Mar-98
Last refurbished 2012
Net lettable area (sqm) 41,515
Tenants (no.) 122
Carparks (no.) 1,721
FY16 net rental income ($m)¹ 19.8
Occupancy (%) 99.8
Weighted average lease term (years) 3.0
Valuation ($m) 244.0
Capitalisation rate (%)¹ 7.25
10-year internal rate of return (%)¹ 9.17
FY16 total sales ($m)¹ 315.5
Specialty sales ($/sqm)¹ 8,100
Specialty gross occupancy cost (%)¹ 16.0
¹ As at 31 March 2016

Statistics as at 30 September 2016 unless otherwise stated

Location

Northlands

55 Main North Road
Papanui
Christchurch 8052

Visit Northlands website

Get directions

Who's at Northlands?

Northlands offers a full range of fashion, entertainment, giftware, services and convenience with more than 120 retail stores including The Warehouse, PAK’nSAVE, Farmers, Countdown and Hoyts Cinemas.

24%

Fashion

17%

General

16%

Supermarket

13%

Food

10%

Department and discount department stores

8%

Pharmacy and personal services

4%

Mini-major

4%

Comm services

3%

Cinemas

2%

Home and living

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Our Centre Manager

To speak to our Centre Manager, please contact:

Vicki Bain
Centre Manager

+64 3 352 1603
+64 21 545 158

Lease with us

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

Contact us