The Base is New Zealand’s largest single-site retail asset. It comprises both specialty and large format retailing. Kiwi Property is proudly partnering with Tainui Group Holdings in a 50:50 joint venture. As part of our arrangement, Kiwi Property is managing the entire asset for the joint venture.
The Base comprises Te Awa, a 31,380 sqm enclosed mall together with 53,876 sqm of large format retail. Te Awa is anchored by Farmers and Hoyts Cinemas. The large retail format is anchored by The Warehouse and Mitre 10 Mega.
Great retail offer
More than 160 retailers to choose from.
More than 3,300 carparks are available. There are no time limits here, so feel free to stay and enjoy shopping the whole day.
The centre is adjacent to the main trunk railway, and at the intersection of State Highway One and the main east and west arterial routes.
Free eco friendly shuttle service
You can be picked up and transported to your car with all of your shopping bags in tow. No need to struggle carrying all your bags when you can ride in our eco friendly shuttle and enjoy a scenic tour of The Base.
|Centre type||Enclosed mall and large format retail|
|Date acquired (Te Awa constructed: 2011, large format retail constructed: 2005-2014)||Jun-16|
|Net lettable area (sqm)||85,398|
|Net passing income ($m) (100%)¹||23.4|
|Weighted average lease term (years)||3.0|
|Valuation ($m) (50%)||193.2|
|Capitalisation rate (%)¹||6.63|
|10-year internal rate of return (%)¹||8.47|
|Total sales ($m) (100%)¹||262.8|
|Specialty sales ($/sqm)¹||7,363|
|Specialty gross occupancy cost (%)¹||14.6|
|¹ As at 31 March 2016|
Statistics as at 30 September 2016 unless otherwise stated
The BaseGet directions
Who's at The Base?
Te Awa is anchored by Farmers and Hoyts Cinemas while the large retail format is anchored by The Warehouse and Mitre 10 Mega.
Department stores 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 The Base, contact our leasing team today.Contact us