One of New Zealand’s largest enclosed shopping centres, Northlands has been servicing its Christchurch catchment for more than 40 years. This single-level regional shopping centre has been progressively redeveloped over many years to meet demand and demographic shifts. It provides an outstanding mix of tenants, drawing more than 300,000 customers from within a 15-minute driving radius.
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.
more than 1,750 carparking spaces are provided.
|ownership interest (%)||100|
|date acquired (constructed 1967)||Mar-94/Mar-98|
|net lettable area (sqm)||41,493|
|net rental income ($m)*||19.6|
|weighted average lease term (years)||2.6|
|book value ($m)||251.7|
|capitalisation rate (%)*||7.25|
|10-year internal rate of return (%)*||9.19|
|total sales ($m)||295.6|
|specialty sales (sales/sqm)||9,700|
|specialty GOC (%)||14.0|
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
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 stores and discount department stores
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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