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.

 

 

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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.

location

The Base

Corner of Te Rapa Road
and Wairere Drive
Hamilton 3210

Visit The Base website

Get directions

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

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our centre manager

To speak to our Centre Manager, please contact:

Simon Betts
Centre Manager

+64 7 849 0771
+64 27 456 8899

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