The Plaza

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.

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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) 32,221
tenants (no.) 105
carparks (no.) 1,251
net operating income ($m) 8.2
occupancy (%) 100.0
weighted average lease term (years) 3.3
adopted value ($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.

location

The Plaza

84 The Square
Palmerston North 4410

Visit The Plaza website

Get directions

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.  Key retailers include Countdown, Farmers and Kmart.

76%

specialty

2%

mini-majors

16%

department stores and DDS

5%

supermarkets

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our centre manager

To speak to our Centre Manager, please contact:

Andrew Heaphy
Centre Manager

+64 6 350 0104
+64 21 274 8344

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