Portfolio overview

The Plaza

Standing in the heart of Palmerston North’s central business district, The Plaza is without contest the Manawatu’s premium shopping destination.

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Key features

The centre extends over 32,000 sqm and is anchored by Farmers, Kmart and Countdown.

Diverse offer

More than 100 specialty retailers provide great shopping choice.

Superb location

The Plaza occupies a commanding space in the heart of Palmerston North.

Easy parking

The Plaza provides more than 1,250 car parking spaces

Key facts

Centre type Regional
Date acquired (constructed 1986) Aug-93
Last refurbished 2010
Net lettable area (sqm) 32,255
Tenants (no.) 108
Carparks (no.) 1,251
FY16 net rental income ($m)¹ 15.8
Occupancy (%) 99.5
Weighted average lease term (years) 3.9
Valuation ($m) 214.1
Capitalisation rate (%)¹ 7.00
10-year internal rate of return (%)¹ 8.88
FY16 total sales ($m)¹ 181.3
Specialty sales ($/sqm)¹ 7,800
Specialty gross occupany cost (%)¹ 16.5
¹ As at 31 March 2016

Statistics as at 30 September 2016 unless otherwise stated

Location

The Plaza

84 The Square
Palmerston North 4410

Visit The Plaza website

Get directions

Who's at The Plaza?

As the address for fashion, The Plaza always has something to explore, whether it’s the latest fashion or tantalising treats, there is something for everyone.

35%

Fashion

16%

Department and discount department stores

13%

Food

13%

General

10%

Pharmacy and personal services

5%

Supermarket

4%

Comms services

3%

Mini-major

2%

Home and living

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Our Centre Manager

To speak to our Centre Manager, please contact:

Andrew Heaphy
Centre Manager

+64 6 350 0104
+64 21 274 8344

Lease with us

We're passionate about providing exceptional spaces for retailers to flourish. If you are looking for great retailing space at The Plaza, contact our leasing team today.

Contact us