Portfolio overview

The Plaza

The Manawatu’s premium shopping destination is The Plaza, which stands at the heart of Palmerston North’s CBD. The centre extends over 32,000 sqm with more than 100 retail shops providing a wide mix of fashion, food, services and general retailing.

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Key features

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

There are more than 1,250 car parking spaces

Key facts

Ownership interest (%) 100
Centre type Regional
Date acquired (constructed 1986) Aug-93
Last refurbished/redeveloped 2010
Net lettable area (sqm) 32,299
Tenants (no.) 107
Carparks (no.) 1,251
Net operating income ($m) 16.1
Occupancy (%) 100.0
Weighted average lease term (years) 4.0
Valuation ($m) 215.5
Capitalisation rate (%) 7.00
10-year internal rate of return (%) 9.06
Total sales ($m) 184.4
Specialty sales (sales/sqm) 9,500
Specialty GOC (%) 13.9

Statistics as at 31 March 2017 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.

77%

Specialty

16%

Department and discount department stores

2%

Mini-majors

5%

Supermarkets

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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