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.
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.
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
our centre manager
To speak to our Centre Manager, please contact:
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.
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