Corner Great South Road and Manukau Station Road, Manukau Central, Manukau

Regional shopping centre in Auckland's South

Bayleys in association with Knight Frank and Colliers are delighted to present a truly unique opportunity to acquire a 49% non-management share in five high-performing regional shopping centres across New Zealand. This portfolio includes Westfield shopping centres located in Newmarket, Albany, St Lukes, Manukau, and Riccarton, generating a combined $237.6* million in fully leased net income across 280,504 square meters of prime retail lettable area.

Nestled 20km south of the Auckland CBD, Westfield Manukau is situated withing the largest urban centre outside of downtown Auckland. This two-level regional centre commenced trading in 1976 and has since undergone several renovations, most recently in 2007.

The centre is anchored by leading retailers including Farmers, Event Cinemas, and Countdown supermarket, together with 13 mini-majors, 115 specialty tenants, 26 kiosks and 13 office suites, with car parking provided for 2,113 vehicles.

https://cloud.realestate.colliers.com/ultimate-nz-retail-portfolio

Investment highlights:
- Strong majors WALE of 10.51 years (by area) and 10.49 years (by income).*
- MAT of $313.8 million.**
- Specialty sales productivity of $14,488/sqm.**
- Foot traffic of 7.0 million customers in 2023.***
- 1,225,000 customers within a 30-minute drive.***
- Total trade area estimated retail spend of $7.5 billion in 2023.***
- Direct access to the Southwestern Motorway (State Highway 1).

For further information on the sale process or to arrange an inspection, please contact the exclusive selling agents.

All figures are approximate and site boundary outlines are indicative only.
*Estimated NOI and WALE as at June 2024
**GST inclusive, based on December 2023 figures
***Scentre Group 2023 Property Compendium