Glenfield Mall, Auckland, New Zealand

1. Dominant – spanning 30,538 sqm of lettable area and underpinned by a blue-chip anchor profile including Woolworths, Farmers, The Warehouse, Briscoes, Chemist Warehouse and Toyworld.¹
2. Growth – Total Centre MAT above $171 million with foot traffic growing at 2.1% pa since December 2022. ¹
3. Convenient – highly accessible 4.5ha town centre holding supported by 1,497 car bays. The Centre has a highly defensive income profile with 75% of specialties weighted toward everyday needs.³
4. Performance – backed by strong specialty performance with productivity exceeding $10,750/sqm and occupancy costs of just 9.4%.¹
5. Rental upside – specialty productivity sits above comparable Auckland basket of centres, whilst average specialty rents sit 43% below this same basket.³
6. Affluent, undersupplied catchment — household incomes 27% above New Zealand average and retail floor space per capita 19% below Auckland averages – providing fortress fundamentals.^2,3
7. Compelling NZ tax framework — no stamp duty, no capital gains tax, no land tax.
8. Estimated fully let net income of $11.2 million. ¹

Footnotes

1 Campaign financial pack & vendor information, subject to change during campaign.

2 Urbis

3 JLL calculations & research