Northlands

One of New Zealand’s largest enclosed shopping centres, Northlands 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 are now underway with the construction of ‘Langdons Quarter’, a new food precinct being created at the southern end of the centre and complementing the adjacent HOYTS cinema offer.

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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 1,700 car parking spaces are provided.

key facts

ownership interest (%) 100
centre type Regional
date acquired (constructed 1967) Mar-94/Mar-98
last refurbished/redeveloped 2018
net lettable area (sqm) 39,853
tenants (no.) 112
carparks (no.) 1,708
net operating income ($m) 9.3
occupancy (%) 100.0
weighted average lease term (years) 2.9
adopted value ($m) 252.0
capitalisation rate (%)* 7.13
10-year internal rate of return (%)* 9.3
annual sales ($m) 286.0
specialty sales ($/sqm) 11,200
specialty gross occupancy costs (%) 12.3
pedestrian count (m) 8.1
*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.

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 110 retail stores including The Warehouse, PAK’nSAVE, Farmers, Countdown and HOYTS Cinemas.

65%

specialty

5%

mini-majors

11%

department stores and DDS

16%

supermarkets

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