One of New Zealand’s largest enclosed shopping centres, Northlands has been servicing its Christchurch catchment for more than 40 years.
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.
Quality shopping options with more than 120 specialty retailers on offer.
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.
|Date acquired (constructed 1967)||Mar-94/Mar-98|
|Net lettable area (sqm)||41,515|
|FY16 net rental income ($m)¹||19.8|
|Weighted average lease term (years)||3.0|
|Capitalisation rate (%)¹||7.25|
|10-year internal rate of return (%)¹||9.17|
|FY16 total sales ($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
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.
Department and discount department stores
Pharmacy and personal services
Home and living
Our Centre Manager
To speak to our Centre Manager, please contact:
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