Portfolio overview

The Base

The Base is New Zealand’s largest single-site retail asset, located in Hamilton’s growing northern suburbs. This dominant asset comprises both an enclosed regional shopping centre, Te Awa, as well as large format retailing. Kiwi Property is proudly partnering with Tainui Group Holdings in a 50:50 joint venture. Kiwi Property manages the entire asset for the joint venture.

 

 

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Key features

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

No need to struggle carrying all your shopping bags when you can ride in our free eco friendly shuttle service.

Key facts

Ownership (%) 50
Centre type Regional
Date acquired (constructed in stages: 2004-2014) Jun-16
Last refurbished/redeveloped N/A
Net lettable area (sqm) 85,155
Tenants (no.) 162
Carparks (no.) 3,343
Net operating income ($m) (100%) 9.8
Occupancy (%) 98.5
Weighted average lease term (years) 3.3
Valuation ($m) 195.0
Capitalisation rate (%) 6.50
10-year internal rate of return (%) 8.54
Total sales ($m) (100%) 281.9
Specialty sales (sales/sqm) 9,100
Specialty GOC (%) 10.4

Statistics as at 31 March 2017 unless otherwise stated

Location

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.

54%

Specialty

24%

Mini-majors

12%

Department stores and discount department stores

6%

Home and living majors

4%

Cinemas

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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