Sylvia Park
Developed by Kiwi Property over 11 years ago, New Zealand’s largest shopping centre, Sylvia Park, has unparalleled exposure and accessibility, attracting annual sales of more than $550 million. We opened the first stores in New Zealand for H&M and Zara in 2016. More recently we brought together some exceptional food experiences in a new dining precinct known as ‘The Grove Dining District’. Our first ever office tower completed in October 2018 and a new ~600 space multi-deck carpark will open in late-2018. In March 2018, we commenced construction of a new Galleria retail level. This will open in mid-2020, featuring a Farmers department store, a dining precinct and approximately 60 specialty stores.
key features
great retail offer
more than 200 retailers to choose from, Sylvia Park is New Zealand's premier destination for food, fashion, lifestyle and entertainment!
high visibility
seen by more than 180,000 drivers every day.
easy access
accessible by train, bus, car and taxi.
superb location
50% of Auckland's population lives within a 20-minute drive.
key facts
| ownership interest (%) | 100 |
|---|---|
| centre type | Regional |
| date completed | Jun-07 |
| last refurbished/redeveloped | 2015-2018 |
| net lettable area (sqm) | 78,215 |
| tenants (no.) | 207 |
| carparks (no.) | 3,800 |
| net operating income ($m) | 21.4 |
| occupancy (%) | 100.0 |
| weighted average lease term (years) | 4.1 |
| adopted value ($m) | 891.9 |
| capitalisation rate (%)* | 5.38 |
| 10-year internal rate of return (%)* | 7.1 |
| annual sales ($m) | 553.2 |
| specialty sales (sales/sqm) | 13,600 |
| specialty gross occupancy costs (%) | 11.7 |
| pedestrian count | 15.2 |
| *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 Sylvia Park?
Sylvia Park is one of New Zealand’s great retailing destinations and is well supported by some of the nation’s leading retail brands and a host of top name international retailers including The Warehouse, HOYTS Cinemas, PAK’nSAVE, H&M and Zara.
68%
specialty
18%
mini-majors
6%
department stores and discount DDS
3%
supermarkets
3%
cinemas
2%
retail office
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 Sylvia Park, contact our leasing team today.
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