Sylvia Park
Sylvia Park was developed by Kiwi Property between 2006 and 2007, and has since grown from New Zealand’s largest shopping centre to a thriving mixed-use community, providing outstanding retail, dining, entertainment, office and personal services. More recently we opened a new food and beverage precinct known as ‘The Grove dining district’ and added a new 10-level office building, ANZ Raranga. Sylvia Park’s growth story is continuing with a ‘galleria’ level under construction and due to open in mid-2020. Sylvia Park’s unparalleled exposure and accessibility, including ample parking and excellent public transport linkages, has contributed to its success.
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 | 2018-2019 |
| net lettable area (sqm) | 86,427 |
| tenants (no.) | 208 |
| carparks (no.) | 4,053 |
| net operating income ($m) | 44.9 |
| occupancy (%) | 100.0 |
| weighted average lease term (years) | 4.2 |
| adopted value ($m) | 955.0 |
| capitalisation rate (%) | 5.38 |
| 10-year internal rate of return (%) | 7.3 |
| annual sales ($m) | 557.8 |
Unless otherwise stated, all statistics are for the six months ended/as at 31 March 2019.
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.
63%
specialty stores
17%
mini-majors
6%
banking
5%
department stores and DDS
3%
supermarkets
3%
insurance
2%
cinemas
1%
other office
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.
contact us