Northlands

Northlands is one of New Zealand’s largest enclosed shopping centres and has been servicing its Christchurch catchment for more than 50 years. This single-level regional shopping centre has been progressively redeveloped over many years to meet demand and demographic shifts. We recently completed Langdons Quarter, a new food precinct at the southern end of the centre which provides a range of food and beverage options and complements the adjacent HOYTS Cinemas.

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key features

outstanding mix

quality shopping options with more than 110 specialty retailers on offer.

strong demographic

Northlands draws more than 300,000 customers from within a 15-minute driving radius.

plenty of parking

more than 1,600 carparking spaces are provided.

key facts

ownership interest (%) 100
centre type regional
date acquired (constructed 1967) Mar-94/Mar-98
last refurbished/redeveloped 2018-2019
net lettable area (sqm) 40,921
tenants (no.) 121
carparks (no.) 1,663
net operating income ($m) 19.1
occupancy (%) 99.6
weighted average lease expiry (years) 3.0
valuation ($m) 247.0
capitalisation rate (%) 7.50
10-year internal rate of return (%) 9.1
annual sales ($m) 286.5

Unless otherwise stated, all statistics are for the year ended/as at 31 March 2019.

location

Northlands

55 Main North Road
Papanui
Christchurch 8052

Visit Northlands website

Get directions

who's at Northlands?

Northlands offers a full range of fashion, entertainment, giftware, services and convenience with more than 120 retail stores including The Warehouse, PAK’nSAVE, Farmers, Countdown and HOYTS Cinemas.

68%

specialty stores

15%

supermarkets

10%

department stores and DDS

4%

mini-majors

3%

cinemas

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our centre manager

To speak to our Centre Manager, please contact:

Vicki Bain
Centre Manager

+64 3 352 1603
+64 21 545 158

lease with us

We're passionate about providing exceptional spaces for retailers to flourish. If you are looking for great retailing space at Northlands, contact our leasing team today.

contact us