The Base
The Base is New Zealand’s largest single-site retail asset, providing outstanding growth opportunities to become an exciting mixed-use community over time. Located in Hamilton’s growing northern suburbs, this significant asset comprises both an enclosed regional shopping centre, Te Awa, as well as large format retailing. Kiwi Property is proudly partnering with Tainui Group Holdings in a 50:50 joint venture and Kiwi Property manages the property for the joint venture. The Base includes a component of redevelopment land with zoning allowing for a range of future uses including offices and entertainment.
key features
great retail offer
more than 150 retailers to choose from.
ample carparking
more than 3,300 carparks are available. There are no time limits here, so feel free to stay and enjoy shopping the whole day.
high visibility
the centre is adjacent to the main trunk railway, and at the intersection of State Highway One and the main east and west arterial routes.
free eco friendly shuttle service
no need to struggle carrying all your shopping bags when you can ride in our free eco friendly shuttle service.
key facts
| ownership (%) | 50 |
|---|---|
| centre type | regional |
| date acquired (constructed in stages: 2004-2014) | May-16 |
| last refurbished/redeveloped | 2018 |
| net lettable area (sqm) | 85,681 |
| tenants (no.) | 158 |
| carparks (no.) | 3,343 |
| net operating income ($m) - 50% interest | 12.5 |
| occupancy (%) | 99.1 |
| weighted average lease expiry (years) | 3.3 |
| valuation ($m) - 50% interest | 217.5 |
| capitalisation rate (%) | 6.13 |
| 10-year internal rate of return (%) | 7.5 |
| annual sales ($m) | 294.7 |
Unless otherwise stated, all statistics are for the year ended/as at 31 March 2019.
who's at The Base?
Te Awa is anchored by Farmers and HOYTS Cinemas while the large retail format is anchored by The Warehouse and Mitre 10 Mega.
52%
specialty stores
27%
mini-majors
12%
department stores and DDS
5%
home and living majors
4%
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 The Base, contact our leasing team today.
contact us