Opportunities for retailers in Tauranga and Wanganui

  • Property
  • May 19, 2015
  • Sarah Dunn
Opportunities for retailers in Tauranga and Wanganui

In Papamoa Plaza, 14,000sqm of retail space is being refurbished and is due to open in September this year. There are 25 available spaces, which will range in size from 50sqm to 250sqm. A representative said rental rates would range from $300 to $950 per square metre, with anchor tenants being Countdown and The Warehouse. A further 6,000sqm of new space will be created over the next 12 months.

CBRE NZ's national director retail services, Grant Unsworth, says Papamoa is Tauranga's largest suburb, and the Papamoa Plaza is the only covered shopping centre servicing it.

“Currently offering 25 retail stores that attract more than 2.5 million people and generating more than $52 million in annual sales, the centre is now adding fashion and food offerings as it aims to become the region’s largest single-site offer servicing Tauranga’s largest suburb and surrounding area," Unsworth says. “Papamoa is a fast-growing area, a growth node for the city. Close to a road of national significance in an established retail precinct, the centre has solid anchors and is growing through owner Cephas Property Management’s proven management track record.”

In Wanganui, CBRE NZ is looking for tenants for the site of a former Briscoes store, with 2098sqm on offer, and 1200sqm of the new Farmers development on Victoria Avenue. There are 13 available spaces in this latter development ranging from 70sqm to 160sqm at rental rates ranging from $300 to $600 per square metre. Prices for the former Briscoes building go from $160 to $200 per square metre.

Jonathan Curtis, CBRE NZ's associate director retail services, says that the developments will breathe new life into Wanganui’s fashion and food precinct. 

“Plans are underway and we are looking at the tenancy mix, as well as the look and feel, all geared to improving choices in the Wanganui market. As the buildings are all new there will be no seismic strengthening issues, just a great opportunity for retailers to complement Farmers and locate into footprints that will work for a mix of retailers.”

The company says a recent survey it ran across retail consumes shows that younger shoppers are still interested in a bricks and mortar shopping experience, with 24 percent of 18-24 year olds surveyed saying they intended to spend more in traditional stores over the next two years. However, 43 percent expect to increase their online spending.

Unsworth says the trends are encouraging for bricks and mortar retailers - and owners of retail property.

“Online retailing is a well-known trend. However, what the survey illustrates is the ongoing relevance of bricks and mortar, particularly among lower income brackets and those aged 18-24. Retailers and centres that adopt dual ‘bricks and clicks’ strategies will also be well-placed. Shopping centres must also continue to improve and offer shoppers convenience, plenty of parking, an attractive environment and other compelling reasons to visit.”

​ ​

This is a community discussion forum. Comment is free but please respect our rules:

  1. Don’t be abusive or use sweary type words
  2. Don’t break the law: libel, slander and defamatory comments are forbidden
  3. Don’t resort to name-calling, mean-spiritedness, or slagging off
  4. Don’t pretend to be someone else.

If we find you doing these things, your comments will be edited without recourse and you may be asked to go away and reconsider your actions.
We respect the right to free speech and anonymous comments. Don’t abuse the privilege.


Military-style semi-automatics ban announced

  • News
  • March 21, 2019
  • The Register team
Military-style semi-automatics ban announced

As of 3pm on March 21, a wide range of semi-automatic weapons have been reclassified under section 74A(c) of the Arms Act as requiring an E endorsement on a firearms license. This means they can no longer be sold to those with A-category gun licenses, and their purchase now requires police approval.

Read more

Retailers gather for insights at NZ Retail and The Register's breakfast

  • News
  • March 21, 2019
  • The Register
Retailers gather for insights at NZ Retail and The Register's breakfast

NZ Retail and The Register’s sales and marketing breakfast saw dozens of Kiwi retailers come together to network, sharing tips and tricks and absorbing expert advice.

Read more

Who stole Christmas?

  • News
  • March 21, 2019
  • Kelly Withers
Who stole Christmas?

Results are starting to trickle in from Christmas 2018/2019, and for many retailers, they're a little disappointing. Paydar chief executive and co-founder Kelly Withers explores the data.

Read more

Social scoreboard

Zavy and The Register have worked together to create a scoreboard that compares how the top 25 traditional media advertising spenders in New Zealand have performed on social media over the past 30 days, updated in real time.

Concept to closet
Business coverage of New Zealand Fashion Week.
Town centres
A positive retail environment over the past 12 ...
Amazon Arrival
Keeping up with all things Amazon as it ...
The Retail Yearbook 2017
As we battle our way through the busiest ...
Hospitality enhancing retail
Some think food and integrated hospitality offerings will ...
The future is bright
We spoke with four retailers in their twenties ...
Spotlight on signage
At first glance, the humble in-store sign might ...
Red Awards 2016
The Red Awards for retail interior design celebrate ...
Auckland Unitary Plan
Auckland is changing. The Unitary Plan will decide ...
How to open a store
Sarah Dunn considers what it would take to ...
All things to all people
Kiwi retailers share their omnichannel strategies.
Rising stars
Retail's top young achievers.
Delivering on your promises
The sale isn't over until your item is ...
Retail in heartland New Zealand
Retailers keep the regions pumping, but how strong ...
Women in retail help one another. We spoke ...
The changing face of retail
Shifting demographics are creating big changes in New ...
The retail yearbook
With the help of experts in the retail ...
Retail rogues
We put the spotlight on staff training. Jai ...
Here come the giants
Topshop has arrived in Auckland’s CBD, David Jones ...
Window shopping: A spotlight on social media
Sarah Dunn and Elly Strang look at how ...
From retail to e-tail
Ecommerce has become part of the way mainstream ...
Loyalty in the digital age
How are retailers maintaining loyalty? Sarah Dunn, Elly ...
The Innovators | In partnership with Spark Business
Technology is rapidly changing the retail industry as ...

Chinese businesspeople raise millions for Christchurch victims

  • News
  • March 21, 2019
  • Radio New Zealand
Chinese businesspeople raise millions for Christchurch victims

A group of visiting Chinese businesspeople have raised $2.35 million for victims of the Christchurch mass shooting.

Read more

The Retail NZ Awards: What does it take to be a winning retailer?

Take this time to shine with the upcoming Retail NZ awards, a chance to show the retail industry what makes your business stand out. No ...


Hunting & Fishing New Zealand voluntarily pulls military-style assault weapons from sale

  • News
  • March 20, 2019
  • Sarah Dunn
Hunting & Fishing New Zealand voluntarily pulls military-style assault weapons from sale

In the wake of the attack on Christchurch’s Muslim community on March 15, strong calls for changes to New Zealand’s gun last have been made. Trade Me was the first retailer to act, halting the sale of all semi-automatic weapons on its platform, and it has now been joined by Hunting & Fishing New Zealand.

Read more
Next page
Results for
About us.

The Register provides essential industry news and intelligence, updated daily. And the digital newsletter delivers the latest news to your inbox twice a week — for free!

©2009–2015 Tangible Media. All rights reserved.
Use of this site constitutes acceptance of our Privacy policy.

The Register

Content marketing/advertising? Email or call 022 639 3004

View Media Kit