Tauranga’s population is booming, and so is its attractiveness as a shopping destination. The Bay of Plenty city’s Bayfair Shopping Centre is investing in this future with a new $100 million expansion which will add around 50 specialty stores; a dining precinct; a new Countdown supermarket and a seven-screen cinema complex.
Bayfair is managed by AMP Capital. It was built in 1985, with the original 7,000 square metre shopping centre expanding in size in 1993 and again in 2002.
Its gross leasable area is currently around 33,000 square metres, but the planned expansion will increase its size by 9,000 square metres to a total of 42,000 square metres. It will house 150 stores, serviced by 1,820 carparks.
The development will begin in the coming months.
AMP Capital has developed Bayfair as a sustainable, progressive proposition over the last 10 years. It plans to divert all food court waste from landfill by December 2020; captures grey and rainwater for recycling, reducing its potable water use by 70 percent; has carried out a full centre LED retrofit and encouraged tenants to do the same; and secured a platinum rating from Be.Accessible. It’s also installed EV recharging stations and is working on a bus interchange.