Portfolio overview

Westgate Lifestyle

Forming part of the Westgate Town Centre development off the north-western motorway in Auckland, Westgate Lifestyle opened progressively during 2016 and provides 28 large format retail stores. The centre features a range of home and living retailers which are expected to trade well in this high residential growth area.

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Key features

Large format offer

A great range of furnishings, homewares and sporting goods.

Easy access

Accessible by bus, car and taxi.

High visibility

Located adjacent to State Highway 16.

Key facts

Ownership interest (%) 100
Centre type Large format
Date acquired (constructed 2015-2016) Sep-15
Last refurbished/redeveloped N/A
Net lettable area (sqm) 25,581
Tenants (no.) 28
Carparks (no.) 622
Net operating income ($m) 4.4
Occupancy (%) 100.0
Weighted average lease (years) 7.2
Valuation ($m) 87.0
Capitalisation rate (%) 6.50
10-year internal rate of return (%) 8.56
Total sales ($m) Sales are not reported

Statistics as at 31 March 2017 unless otherwise stated

Location

Westgate Lifestyle

57-61 Maki Street
Westgate
Auckland

Visit Westgate Lifestyle website

Get directions

Who's at Westgate Lifestyle?

Westgate Lifestyle provides 28 large format stores anchored by Harvey Norman, Briscoes, Rebel Sport and Freedom Furniture.

65%

Mini-majors

20%

Home and living majors

12%

Specialty

3%

Other

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Our Centre Manager

Susan Lindsay
Centre Manager

+64 9 826 2336
+64 21 513 578

Lease with us

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

Contact us