Shopping centre owner Kiwi Property is promoting its retail offering by partnering with TVNZ to deliver the fashion and beauty segments in a lifestyle programme called ‘Kiwi Living’.
Kiwi Property owns many of New Zealand’s largest shopping centres. Growth at Auckland’s Sylvia Park, North City in Porirua and others have led to a net increase of 7 percent in the value of the company’s retail portfolio. Combined with an 8 percent increase in Kiwi Property’s office portfolio, these changes have brought the overall value of the property portfolio to $2.7 billion.
Community engagement is hot right now. First conceptualised in the shopping mall space by Austrian architect and mall designer Victor Gruen, the idea of a community-focused mall was a strong influence in the design of Stride’s new West Auckland NorthWest mall. Now, Botany Town Centre has leaned into its community responsibility by planning a series of adoption days for “death row” dogs in partnership with non-profit dog rescue organisation, DC Rescue.
Shopping centres are diverging from the traditional Santa meet and greets into more creative Christmas celebrations. Mall festivities in 2015 so far have included augmented reality Christmas experiences, choirs outside stores and giant Christmas presents.
Retail Property Listings brought to you by Bayleys
A Sydney shopping centre is encouraging shoppers to beat the Christmas weekend crowds by taking the day off work. In exchange for giving up a precious day of leave, Birkenhead Point Outlet Centre is offering incentives such as all day parking, free gift wrapping, bubbles and the hiring of a personal gift consultant.
Ah, Christmas. That jolly time of year where Christmas carols are in the air and stampedes of people head to the mall, forcing shoppers to spend 30 minutes circling the car park. We explore whether the typically stressful experience could be improved.
Six Kiwi Property shopping centres around New Zealand will be getting huge state-of-the-art digital screens, reminiscent of Times Square in New York. Selected centres will also be getting interactive, touch screen panels.
There’s a growing trend away from CBD retailing and into shopping precincts, Bayleys real estate says. Its research has found retail is booming in Hamilton’s urban boundaries and Tauranga’s suburban shopping areas, but declining in the two towns’ CBDs. This trend is widespread around New Zealand. We asked strategic economist and RCG associate director John Polkinghorne why this is occurring.
3D videos are being used to showcase fashion and food by AMP Capital, which owns four malls across New Zealand. The Australian-owned company is using the multi-dimensional technology across its social media channels to create a series of short, innovative videos.
Kiwi Property has posted a profit increase of $89 million (13 percent) in the year ending 31 March. It has a retail portfolio of six shopping malls and one large retail centre. This includes Mount Wellington based mall, Sylvia Park, which it says it is keen to expand to make it Auckland's most attractive retail offering.
A mall in Hong Kong had a difficult customer on its hands last weekend when a wild boar broke through the roof and clambered around inside a childrenswear outlet.
Scentre Group’s first quarter update shows that bricks and mortar stores are still holding strong - in malls at least. Its Westfield malls’ sales in New Zealand grew almost six percent in the first three months of 2015. The nine malls are worth $1.9 billion, with retail sales hitting more than $10,000 per square metre.
A CBRE survey has found Kiwi shoppers from different age groups have different views when it comes to bricks and mortar versus online shopping. Almost a quarter (24 percent) of younger shoppers expect to spend more in bricks and mortar shops over the coming years. In contrast, only 3 percent of older shoppers aged 55 to 64 expect to spend more in-store in the next two years.