Close
 

Northwood Supa Centa on the market as Canterbury retail grows

  • property
  • September 13, 2018
Northwood Supa Centa on the market as Canterbury retail grows

A large Canterbury super centre, and adjoining development site, that is on the market is expecting a quick sale as the regions retail sales figures rise above pre-earthquake levels. 

The Northwood Supa Centa is a large retail centre with a development site attached. Sitting at a hearty 7.35 hectare and 12.9 hectares, respectively. The site includes New Zealand retailers such as Harvey Norman, Countdown, The Warehouse, Noel Leeming and Smith City, as well as 24 specialty tenants within the net lettable area of 33,062 square metres.

Marketed by Tim Rookes and Brent McGregor of CBRE on behalf of Fund Manager AMP Capital, the area is expecting to gain both international and domestic buyer interest.

“This is a significant opportunity to acquire a well-established retail centre with proven performance, along with a substantial adjoining development site to future proof the investment,” says Rookes. “The centre has an enviable mix of established national and international brands with solid trading track records, and the neighbouring land has excellent mixed-use potential.  We expect strong national and international interest; particularly as large format retail centres are tightly held.”

Canterbury retail sales are continuing to grow, now surpassing that of pre-quake numbers. With 94 percent occupancy, the centre generates an annual net passing income of $6,826,221 plus GST, with the opportunity to add value particularly in the fast-growing food and beverage segment.

The first thing that grabs you is the 500 metres of road frontage and corner aspect onto Main North Road says Rookes.  

“People already know it as a destination. Potential development of complementary uses, including residential and retirement housing, creates opportunity to add value to the existing retail offering.  

“Additional retail space could be added in a manner that supports the existing retailers, creating greater critical mass for Northwood as a shopping destination.”

As the city centre of Christchurch shifts and expands outwards to reflect new developments, this retail area will only become more relevant

​ ​

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.

 

A challenger appears: Homegrown furniture giant Nido to compete with Ikea

  • News
  • January 21, 2019
  • The Register team
A challenger appears: Homegrown furniture giant Nido to compete with Ikea

Within a few weeks of confirmation that Ikea will come to New Zealand comes the announcement that New Zealand’s largest-ever retailer is set to open in Auckland. This new mega-retailer is nothing to do with Ikea, however: it’s a homegrown furniture and homewares concept store called Nido.

Read more
 
 
News

Getting drastic about plastic

Government plans to phase out single-use plastic bags have been heartily embraced by leaders in the grocery sector, but there are plenty of other ways ...

 
 

H&M extends footprint into Auckland

  • News
  • January 17, 2019
H&M extends footprint into Auckland

H&M has continued to strengthen its portfolio of stores in New Zealand. The Swedish fashion chain is now brining a third store to the Auckland region, to be located in Botany Town Centre.

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.

 
topics
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 ...
Sisterhood
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 ...
 
Sponsored content

Why unified commerce changes everything

eStar chief technology officer, Matt Neale discusses why true unified commerce changes everything

 
 

Jack Ma to step down from Alibaba position

  • Who's Where
  • January 15, 2019
Jack Ma to step down from Alibaba position

Jack Ma, executive chairman of shopping platform Alibaba has announced plans to step down September of this year.

Read more
 

Bottoms up: Absolut Vodka takes a stance on sustainability

  • News
  • January 14, 2019
  • Courtney Devereux
Bottoms up: Absolut Vodka takes a stance on sustainability

A new responsible cocktail era is on the cards as Absolut Vodka introduces its new sustainability focused campaign, The Green Hustle.

Read more
 
Next page
Results for
Topics
Jobs
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.

Advertise
The Register

editor@theregister.co.nz

Content marketing/advertising? Email anita.hayhoe@icg.co.nz or call 022 639 3004

View Media Kit

}