The Plaza
The Plaza is Manawatu’s premium shopping destination, located in the heart of Palmerston North’s CBD. The centre extends over 32,000 sqm with more than 100 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) | 32,201 |
| tenants (no.) | 103 |
| carparks (no.) | 1,251 |
| net operating income ($m) | 16.8 |
| occupancy (%) | 99.9 |
| weighted average lease expiry (years) | 3.3 |
| valuation ($m) | 207.0 |
| capitalisation rate (%) | 7.38 |
| 10-year internal rate of return (%) | 9.2 |
| annual sales ($m) | 200.5 |
Unless otherwise stated, all statistics are for the year ended/as at 31 March 2019.
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.
76%
specialty stores
16%
department stores and DDS
5%
supermarkets
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