Westgate Lifestyle
Forming part of the Westgate Town Centre development off the north-western motorway in Auckland, Westgate Lifestyle provides 28 large format retail stores. The centre, which is located in a high residential growth area, features a range of home and living retailers.
key features
large format offer
a great range of furnishings, homewares and sporting goods.
easy access
accessible by bus, car and taxi.
high visibility
located adjacent to State Highway 16.
key facts
| ownership interest (%) | 100 |
|---|---|
| centre type | Large format |
| date acquired (constructed 2015-2016) | Sep-15 |
| last refurbished/redeveloped | N/A |
| net lettable area (sqm) | 25,581 |
| tenants (no.) | 28 |
| carparks (no.) | 622 |
| net operating income ($m) | 3.0 |
| occupancy (%) | 100.0 |
| weighted average lease term (years) | 5.9 |
| adopted value ($m) | 90.0 |
| capitalisation rate (%)* | 6.38 |
| 10-year internal rate of return (%)* | 8.0 |
| *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.
who's at Westgate Lifestyle?
Westgate Lifestyle provides 28 large format stores anchored by Harvey Norman, Briscoes, Rebel Sport and Freedom Furniture.
12%
specialty
66%
mini-majors
19%
home and living majors
3%
other
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 spaces at Westgate Lifestyle contact our leasing team today
contact us