The Plaza
The Manawatu’s premium shopping destination is The Plaza, which stands at 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.
key features
diverse offer
more than 100 specialty retailers provide great shopping choice.
superb location
the centre occupies a commanding space in the heart of Palmerston North.
easy parking
there are more than 1,250 car parking spaces.
key facts
| ownership interest (%) | 100 |
|---|---|
| centre type | Regional |
| date acquired (constructed 1986) | Aug-93 |
| last refurbished/redeveloped | 2010 |
| net lettable area (sqm) | 32,299 |
| tenants (no.) | 107 |
| carparks (no.) | 1,251 |
| net rental income ($m)* | 16.1 |
| occupancy (%) | 100.0 |
| weighted average lease term (years) | 3.8 |
| book value ($m) | 219.3 |
| capitalisation rate (%)* | 7.00 |
| 10-year internal rate of return (%)* | 9.06 |
| total sales ($m) | 188.5 |
| specialty sales (sales/sqm) | 9,400 |
| specialty GOC (%) | 14.0 |
| pedestrian count | 6.4 |
All statistics are for the year ended/as at 30 September 2017 except items marked * which are for the year ended/as at 31 March 2017
who's at The Plaza?
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.
5%
Supermarkets
76%
Specialty
16%
Department and discount department stores
3%
Mini-majors
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 Plaza, contact our leasing team today.
contact us