Centre Place
Centre Place – North is Hamilton CBD’s destination for food, fashion and entertainment. The centre features both Lido and METRO by HOYTS cinema complexes, together with a good range of indoor and outdoor dining options. The centre is adjacent to Centre Place – South which was sold by Kiwi Property in 2016 but is still managed by Kiwi Property for its new owners.
key features
great entertainment
Lido and METRO by HOYTS both operate cinema complexes at Centre Place.
plenty to eat
huge variety of food offered in an outdoor dining lane and an indoor foodcourt.
high visitation
over 5 million people pass through the centre each year.
key facts
| ownership interest (%) | 100 |
|---|---|
| centre type | Sub-regional |
| date acquired (constructed 1985) | Dec-94 |
| last refurbished/redeveloped | 2011 |
| net lettable area (sqm) | 15,807 |
| tenants (no.) | 80 |
| carparks (no.) | 554 |
| net operating income ($m) | 3.0 |
| occupancy (%) | 98.5 |
| weighted average lease term (years) | 3.1 |
| adopted value ($m) | 59.6 |
| capitalisation rate (%)* | 8.75 |
| 10-year internal rate of return (%)* | 8.6 |
| annual sales ($m) | 72.1 |
| specialty sales ($/sqm) | 8,600 |
| specialty gross occupancy costs (%) | 11.0 |
| pedestrian count | 5.1 |
| *As at 31 March 2018 as assets were not independently valued at 30 September 2018. |
Unless otherwise stated, all statistics are for the six months ended/as at 30 September 2018.
who's at Centre Place?
Centre Place is the retail heart of Hamilton, home to Farmers’ only CBD department store and a wide variety of national and international retailers, along with a great cinema and dining offer. Key retailers include Farmers, METRO by HOYTS and Lido Cinemas.
85%
specialty
9%
mini-majors
6%
cinemas
our centre manager
To speak to our Centre Manager, please contact:
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We're passionate about providing exceptional spaces for retailers to flourish. If you are looking for great retailing space at Centre Place, contact our leasing team today.
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