The Manawatu’s premium shopping destination is The Plaza, located in the heart of Palmerston North’s CBD. The centre extends over 32,000 sqm with more than 100 retail shops providing a wide mix of fashion, food, services and general retailing.
more than 100 specialty retailers provide great shopping choice.
the centre occupies a commanding space in the heart of Palmerston North.
there are more than 1,250 car parking spaces.
|ownership interest (%)||100|
|date acquired (constructed 1986)||Aug-93|
|net lettable area (sqm)||32,221|
|net operating income ($m)||8.2|
|weighted average lease term (years)||3.3|
|adopted value ($m)||209.5|
|capitalisation rate (%)*||7.00|
|10-year internal rate of return (%)*||9.0|
|annual sales ($m)||197.3|
|specialty sales ($/sqm)||9,600|
|specialty gross occupancy costs (%)||13.6|
|pedestrian count (m)||6.4|
|*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.
The PlazaGet directions
As the address for fashion, The Plaza always has something to explore, whether it’s the latest fashion or tantalising treats, there is something for everyone. Key retailers include Countdown, Farmers and Kmart.
department stores and DDS
To speak to our Centre Manager, please contact:
We're passionate about providing exceptional spaces for retailers to flourish. If you are looking for great retailing space at The Plaza, contact our leasing team today.contact us