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.
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)||32,299|
|net rental income ($m)*||16.1|
|weighted average lease term (years)||3.8|
|book value ($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|
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
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.
Department and discount department stores
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