Kiwi Property has revealed its plans to expand the Sylvia Park shopping centre. Renovations include new department stores and 1500 extra carparks.
A wider food and beverage offer is an integral component of any global modern retail or shopping centre experience. Manager of retail leasing for Kiwi Property, Aubrey Cheng, shares some insights into why a modern retail experience needs to be supplemented by a hospitality offering.
Zara has finally lifted the veil on when it will open its doors to its Sylvia Park store. The store will open Thursday 6 October, five days after fellow fast fashion giant H&M launches itself into the New Zealand market.
As the opening of Zara and H&M at Sylvia Park draws closer, the company responsible for bringing them to New Zealand has made a record profit. Kiwi Property made $250.8 million in the year to March 31, an increase of 118 percent on last year’s profit of $115.2 million. Plus: The company reveals when the Zara and H&M stores will open this year.
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Shopping centre giant Kiwi Property’s bid to acquire the remaining 50 percent of Hamilton’s The Base shopping centre has been rejected by Tainui Group Holdings (TGH). It offered $197.5 million in cash and shares for the Waikato-Tainui tribe’s remaining stake in April. Instead, ownership of the mall will proceed as a 50:50 joint venture with TGH.