Portfolio overview

The Base

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.



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Key features

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.

Ample carparking

More than 3,300 carparks are available. There are no time limits here, so feel free to stay and enjoy shopping the whole day.

High visibility

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.

Key facts

Ownership (%) 50
Centre type Enclosed mall and large format retail
Date acquired (Te Awa constructed: 2011, large format retail constructed: 2005-2014) Jun-16
Last refurbished n/a
Net lettable area (sqm) 85,398
Tenants (no.) 169
Carparks (no.) 3,343
Net passing income ($m) (100%)¹ 23.4
Occupancy (%) 97.8
Weighted average lease term (years) 3.0
Valuation ($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 Base

Corner of Te Rapa Road
and Wairere Drive
Hamilton 3210

Visit The Base website

Get 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


Comm services


Home and living



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Our Centre Manager

To speak to our Centre Manager, please contact:

Simon Betts
Centre Manager

+64 7 849 0771
+64 27 456 8899

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