NEWS

Media Article:Work underway on new Auckland mall

Media Source: Stuff.co.nz

Construction has begun on the DNZ Property Fund's $160 million mall at Westgate in West Auckland.

The mall, which is scheduled to open in October next year, is part of a new 56-hectare Westgate Town Centre and a wider Auckland Council strategy to transform northwest Auckland.

It will have about 90 specialty stores, a Farmers department store and a Countdown supermarket.

The total development cost of the mall is just over $155m, including land at cost, with the value on completion estimated at $160m.

This represents a yield on cost of about 7.75 per cent, assuming the centre opens fully leased.

DNZ said the initial pre-leasing target of more than 40 per cent, including the two majors, had been exceeded.

The project will be funded from DNZ's bank facilities.

The company does not expect to raise equity to fund it as it is looking at selling non-core assets over the duration of the project.

DNZ's loan-to-value ratio is not expected to exceed 40 per cent during that period, while it forecasts dividends during the development phase will at least be maintained at of 9 cents a share.

The project will see DNZ exceed its target of having more than 15 per cent of the value of its property portfolio held as investment properties under development at any one time.

View full article here

Published: 8 April 2014

Kopupaka Reserve wins World Landscape of the year 2016 at the World Architecture Festival

Kopupaka reserve (close to Westgate town centre) has won World Landscape of the year 2016 at the World Architecture Festival. We’re so proud to have this wonderful reserve on our doorstep. Congratulations to Isthmus.

Read the full article here

Look who is on their way

Westgate Progress

It’s hard not to notice the large buildings rapidly taking shape adjacent to the motorway at the Westgate Town Centre between the Shopping Centre and Palmers Planet. This project has been developed by NZRPG Management Limited (owners of the original Westgate Shopping Centre) and will ultimately be owned and operated by Kiwi Property Limited.

The area will be the home to some of New Zealand’s leading household brands including Harvey Norman, Freedom Furniture, Briscoes, Rebel Sport and Hunters Furniture. It’s no coincidence that these brands are orientated towards providing retail shopping for the home.  With the large local catchment and huge residential growth forecast for the Northwest area demand will continue to grow as people build, renovate, redecorate and spruce up their homes.  

The project will open in the coming months and will complement the NorthWest Shopping Centre, Westgate Shopping Centre, Mitre 10 Mega and Palmers Planet stores.  With over 600 onsite car parks and easy access directly from the motorway it will be an easy place to visit the great line up of stores. Local residents are reporting that they love the convenience of having a superb shopping environment close to home and easy to access, whereas for the wider community it fast becoming the destination of choice. 

The large format retail offer available at the Westgate Shopping Centre combined with the new stores mean that Westgate has all the bases covered and is genuinely a “one stop shop” for retail requirements in the region.  

Westgate is a huge opportunity for businesses of all sizes, across all sectors.  Act now to secure your position alongside the country’s leading retailers.

If you are interested in leasing a space at Westgate, contact

0508 WESTGATE or ptanday@nzrpg.co.nz

 

 

Latest progression at Westgate

 

Zone 7 Progress January

 

Zone 7 at Westgate which is part of the Large Format Retail (LFR) area of the overall development. The build is progressing well with retailers soon to be fitting out their new stores.

This LFR area will be a one stop shop to dress your home with furnishings, lighting, electronics and homeware, with ample new parking being created for easy access to your shop of choice, this LFR area will be your destination of choice for the home. 

Featuring:

Harvey Norman, Freedom Furniture, Kitchen Things, Lazboy, Briscoes,, Nood, Forest Furniture, Lighting Direct, Lighting Plus, Hunter Furniture, The Furniture Store, Rebel Sport, Tank, Kebabs on Queen and St Pierres Sushi

View the master plan here for location details

Media Article: More people cycling to CBD from West

Great news for the those who love to cycle... 

There are still diversions at Western Springs and Patiki Rd at the Causeway which will be in place until late February. In early February the section from McCormack Green (just west of the Te Atatu underpass) to Henderson Creek will be open with the completion of the Te Atatu Interchange Project scheduled for March and the Causeway Project scheduled for August.

The Northwestern Cycleway is one of the busiest cycle routes in Auckland says Auckland Transport's Cycling and Walking manager Kathryn King.

"We know that these routes are popular which is why they are being improved and soon other routes will connect with them to further develop the cycle network,"

"By mid-2018 we will have an inner city cycle network to be proud of with great connections to the inner east and west suburbs. We are already working on plans for projects beyond 2018 which will further develop the city's growing network of cycleways,"

View full article here

Media Source: NZ Herald, 13 January 2016

According to New Zealand Transport Agency:

There are 14.6km of additional separated cycling facilities in the western connections to city centre package. These will complete connections from the western suburbs to the city centre, forming a connected network of high quality cycle facilities through Central Auckland. These facilities will connect residents to workplaces and education centres, shops and cafes. They will link to the Waterview shared path and provide improved links to the existing north western cycleway.

Construction is anticipated to begin in early 2016 and be completed by mid-2018.

View full article here

Zone 7 Progress December

Flashback - Westgate back in the day

 

Zone 7 Progress October

 

Cafe Botannix now open in Palmers Planet

Cafe Botannix

Cafe Botannix

Come and dine amongst the gorgeous garden surroundings within Palmers Planet, be it for breakfast, lunch or dinner at the fully licensed Café Botannix.

With homemade treats baked in store daily, there is always something tempting on offer from the cabinet or order from the menu which offers an all-day cooked breakfast and scrumptious meals.

With free Wi-Fi and a children’s playground nearby, Café Botannix is the ideal spot to relax, unwind and catch up with friends.

 

Opening Hours:

Monday to Thursday 8.30am – 4.00pm

Friday 8.30am – 5.00pm

Saturday & Sunday 8.00am – 5.00pm

View menu here

Palmers Planet Now Open

Palmers Planet

Palmers Planet

Palmers Planet

Palmers Planet Westgate opened on December 13, and is a key tenant of the new $1 billion Westgate shopping precinct. It is the third Palmers Planet in New Zealand; the other two are in Greville Rd, Albany and in the new Rototuna development in Hamilton.

Run by franchisee owners Mark and Melissa McLean, Palmers Planet Westgate boasts the largest retail area of any garden centre in New Zealand. The store features 2000 square metres of garden centre (most of it under cover) and a further 2000 square metres of retail space. There is also a 150-seat Cafe Botannix licensed café and parking for more than 200 vehicles right at the front door.

The McLeans say they are excited to be playing an integral part in such a massive, billion-dollar development.

“Palmers have taken an iconic New Zealand brand and revitalised it in a truly spectacular fashion. When people first come to Palmers Planet Westgate they will be in for a very pleasant surprise.”

“As well as the traditional garden centre products (decorative and edible plants, fertilisers, garden implements and the like), customers are also able to purchase spa pools, barbecues and a wide range of outdoor furniture, gifts, books, magazines and home décor products.

Add in a dry delicatessen and a professional florist and we will have virtually everything a family needs for their home.”

The new Palmers Planet Westgate will also host regular tastings and demonstrations to enable customers to experience new foods and learn how to grow and prepare them.

Like its two predecessors, the new Palmers Planet Westgate is an instantly recognisable landmark, thanks to its award-winning, architecturally designed building.

Strikingly innovative and full of natural light and welcoming spaces, the Palmers Planet stores have already won two top retail design awards: an Overall Best Retail Design award and a Best Retail Design award at the New Zealand Retail Interior Association’s prestigious Red Awards.

Mitre 10 Grand Opening

Mitre 10 Mega Westgate

Mitre 10 Mega Westgate

Mitre 10 Mega Westgate

Media Article: Mitre 10 opens new store in Westgate Development

Media Source: Voxy.co.nz

Mitre 10 is expanding in Auckland’s new Westgate development, with its latest Mitre 10 MEGA store due to open Friday morning in time for the Labour Weekend retail rush.

The store is co-owned by experienced retailers and Auckland locals Dave and Elaine Hargreaves in conjunction with brothers Stephen and Graeme Ricketts. The Ricketts family also own the Mitre 10 MEGA Hastings and Napier stores and have been part of the Mitre 10 group since 1975, while Mr Hargreaves joined the company two years ago as an operations manager at the national support centre. The Hargreaves will oversee the day-to-day management of the store.

With more than 30 years’ experience in retail for blue chip New Zealand brands, Mr Hargreaves is excited about the new opportunities the Westgate development affords retailers and consumers alike.

"It’s an exciting new opportunity for the whole area, and Mitre 10 is the first cab off the rank within the retail development," Mr Hargreaves said. "West Auckland is growing rapidly, and the new, bigger Mitre 10 MEGA will be well positioned to service the DIY and trade needs of the many new West Aucklanders as well as those who have called the area home for many years.

"We’re pleased to be doing our bit for the local economy, with more than 80 local people employed in the new Mitre 10, including 22 people who came across from the previous Mitre 10 Westgate store. Mitre 10 has been part of New Zealand’s DIY culture since 1974 and is proudly New Zealand-owned and operated."

Mitre 10 CEO Neil Cowie said he was looking forward to the store opening.

View full article here

Published: 20 October 2014

Meet CEO Campbell Barbour

Campbell Barbour Interview

Campbell Barbour, chief executive of NZ Retail Property Group, speaks to Herald Property Editor Anne Gibson about big Auckland developments including his company's $1b Westgate plans and a tower scheme for Milford.

View interview here

Media Article: Auckland's $10 billion do-up

Media Source: NZ Herald

Auckland is being rebuilt before our eyes, as projects worth at least $10 billion-plus rise across the city.

In one of its biggest transformations, a series of infrastructure, education, roading, commercial, retail, housing and prison projects are rising or planned.

Graham Darlow, chief executive of Fletcher Construction which is working on many of the projects, says what we're seeing now is simply catch-up after the global financial crisis.

But economic growth, Auckland's fast expansion, a critical shortage of residential accommodation, desperate need for big new housing estates, the development of entire new town centres to meet demands, expansion of the workforce, rising population, requirements for better university and school buildings, consumer demand for bigger and better supermarkets, and extending our roading network are just some of the drivers.

The biggest project now on is the $1.5 billion -$2.5 billion Long Bay housing estate and town centre. Yet Todd Property has only just begun and it will be many years before this vast, controversial new suburb on rolling grassland above the regional park is finished.

The $1.4 billion Waterview twin tunnels motorway job is the second biggest now on but the $2.4 billion City Rail Link (CRL) and a $2.4 billion job at Auckland International Airport will top the other jobs.

Property purchases have been made to secure the CRL route but construction is yet to start, while at the airport planning is well advanced for its big transformation.

A string of projects are in the $1 billion league: the new $1 billion Westgate town centre is now well under way by the privately owned NZ Retail Property Group; the University of Auckland's $1 billion spend planned over a decade is also well advanced; the $1 billion Wynyard Quarter CBD waterfront urban renewal, which will see hundreds of new apartments, a six-star hotel, new transport links, offices, shops and cafes; and the $1 billion Britomart transformation, which is yet to see a big new group of office blocks or a new hotel, all on the drawing board.

View full article here

Published: 7 October 2014

 

Media Article: 'Desperate Shortage' of retail space, says Auckland councillor

Media Source: NZ Herald

Auckland is suffering a desperate shortage of land for business expansion and retailing with a "critical short supply" of large format shopping space, says one Auckland councillor.

Cameron Brewer told the Property Council's retail conference how the city's retail space was forecast to expand from 3.9 million square metres to 5.7 million sq m by 2041 to keep pace with population growth, as an extra 700,000 people would have arrived by then.

"There's insatiable demand so some of us at the council are concerned and critical of business land supply in Auckland," he said, citing Colliers International and the Property Council as also speaking out about the problem.

As an illustration of the sector's growth, Brewer said retail employment growth was set to increase by 26 per cent in the next 30 years.

Some people had feared retail expansion, particularly large-format growth, Brewer said.

"277 was going to destroy Newmarket strip shopping and Sylvia Park was set to suck the life blood out of Ellerslie, but that never happened" Brewer said.

Auckland had 100 villages which gave it a unique character. But only 7 per cent of Auckland's retail floor space was in the CBD.

View full article here

Published: 24 July 2014

Media Article: Westgate a new megalopolis?

Media Source: The Aucklander

"It's not just a shopping mall, it's a town," the general manager of a property development company proudly told a suburban newspaper in Auckland last week.

It's not the first time that Campbell Barbour, commercial general manager of the New Zealand Retail Property Group, has been asked to defend the $1.6 billion Westgate town centre, stage one to open in November.

Do we want a new Megalopolis in West Auckland? And if we accept we do, should it be designed and built by property developers? Shouldn't that be the council's job?

Do you shudder at Mr Barbour's vision when you read him say, "It's fantastic to finally see buildings pop up out of the ground and the timing couldn't be better with the construction of the motorway and everything else that's popping up."

For those who aren't up with developments in West Auckland, 12 years ago the then-Waitakere City Council and NZ Retail Property Group started talking about creating a new centre on the strawberry fields at the end of the Northwestern Motorway.

View full article here

Published: 10 June 2014

Media Article: Countdowns sprout in Auckland's northwest

Media Source: NZ Herald

At Westgate, two Countdown supermarkets will soon stand just 500m or so apart - one of the best indicators, says Progressive Enterprises property general manager Adrian Walker, of growth and demand for new stores throughout New Zealand.

A Countdown has operated from Westgate's existing bulk retail area since the 1990s but Walker says DNZ Property Group is to develop a new store in a mall in the expanding retail zone just across the road.

"Both will be the same, almost mirror images of each other," Walker said, standing on Hobsonville's Clarkes Lane, where earthworks are also under way for a big new Countdown just a few kilometres from the hub in northwest Auckland.

New Westgate and Hobsonville projects are on land which was once on Auckland's outskirts - rural sites, like at Beachlands to the southeast where a Countdown is also planned.

As for the proximity of the two Countdowns at Westgate, Walker says different shoppers make different choices. "Some people will like to go and shop in the bulk retail or older area and some in the new mall. This area out west is under-serviced by retail in grocery and there's 60 per cent leakage in the western zone - that means people go out of the area, maybe to where they work.

"They're having to go back to Lincoln Rd at Henderson or to Albany."

And for Countdown, that means delivering customers into the enemy's hands: rival Foodstuffs controls Albany with its Pak'n Save and a New World and not a Countdown in sight, despite Progressive's promises last year to build there.

View full article here

Published: 10 June 2014

Media Article: Another hint Ikea will hit NZ

Media Source: Stuff.co.nz

Fans of the Swedish furniture giant Ikea have been thrown another crumb of hope that the firm will cross the Tasman to New Zealand.

Campbell Barbour of New Zealand Retail Property Group, which is building Auckland's Westgate centre near Hobsonville, said he had had some discussions with Ikea Australia and noted the firm was on an expansion drive.

"I think it might include New Zealand and we think Westgate is the no-brainer location," he said, adding that no formal negotiations were underway that he knew of.

However, Ikea's public relations agency in Australia said there was still no news on a New Zealand store "at this stage".

According to Australian media, Ikea plans to roll out four more stores in Australia by 2016, and possibly another three or four stores on the country's east coast by 2020.

Ikea was reported to be trading strongly after cutting prices by as much as 50 per cent.

"The difference now is we've made a decision to grow faster and open more stores one after another," the chain's country manager David Hood told the Sydney Morning Herald.

Ikea will also roll out a new global online retail platform in all the 44 countries where it operates over the next two years, much to the relief of Australian Ikea fans, the paper said.

View full article here

Published: 9 May 2014

Media Article: DNZ gets underway with Westgate Regional Mall

Media Source: Voxy.co.nz

DNZ Property Fund Limited ("DNZ") has confirmed construction of its new enclosed shopping centre ("Mall") at Westgate has started. The mall, which is scheduled to open in October 2015, is part of a new regional town centre at Westgate ("Westgate Town Centre") and a strategy to transform the whole North West area. The Mall will feature around 90 specialty stores, a Farmers department store and Countdown supermarket.

"This is a much needed modern, high quality retail facility for the local community." says DNZ Property Fund’s Chief Executive, Peter Alexander. "The large existing catchment is one of the least developed in terms of retail facilities1. The new Mall, together with the surrounding facilities, will serve not only the existing community but also an incredibly fast growing part of Auckland."

"We have exceeded our pre-leasing target, allowing us to commence the development with confidence." adds Mr Alexander. "We have built a great team with extensive experience of delivering prominent and successful retail projects in New Zealand and internationally. We expect this to be a top quality growth asset and a solid investment opportunity for DNZ and its shareholders."

Farmers owner David Norman says "The DNZ Westgate project presents a significant opportunity for Farmers to open a flagship store. Our proposed footprint of 8,000m2 will be one of the largest in our Group and demonstrates our confidence in Westgate as a retailing location."

Countdown’s General Manager Property, Adrian Walker, says the supermarket company is pleased to be working with DNZ to bring a new Countdown store to Auckland’s North West. "It’s great to be part of this vibrant retail environment. We see real value in supporting the new development and providing a modern store with an expanded product range that will really compliment this growing community."

View full article here

Published: 8 April 2014

Media Article: Urban Renewal a vision with growing pains

Media Source: NZ Herald

Whole new towns are taking shape within metropolitan Auckland after nearly a dozen years of planning and half a billion dollars of public spending to encourage developers.

Towns at Westgate Centre, Hobsonville Point, Flat Bush and the regeneration of New Lynn are "transformational projects" inherited by the Super City from the former city councils of Waitakere and Manukau, which chose the projects well before the November 2010 merger and had agreements with private-sector developers.

The councils believed it was within their role to foster economic development by setting up new town centres and community facilities to create encouraging conditions for landowners and developers.

Three years ago, Auckland Council agreed with the idea of making it easier for developers - in the face of the Auckland Plan's finding that acceptable intensive housing was needed if the city was to house an extra 650,000 people within 30 years.

It was a time of an investment recession and construction confidence was low - 3485 new dwelling consents were issued for the year up to September 2011.

This week, the council said if the current level of building continued there could be about 7000 new dwellings consented for 2013-14, which is about double the 2011 total.

"The transformational projects progressed because they have committed landowners and developers and because council has an active role in facilitating action," said council regional and local planning manager Penny Pirrit.

The projects had been through standard planning requirements including public engagement to produce master plans with appropriate zoning.

Ms Pirrit said many civic works were paid for from levies on developers.

New Lynn's major stimulus for urban renewal - the $160 million undergrounding of the railway through the town and $36 million upgrade of the rail-bus interchange - was up and running.

The city transformation team's role was getting projects off the ground by bringing various council departments, state roading and energy agencies together with landowners and developers to ensure the provision of infrastructure was coordinated and running to the development's timetable.

"But in working with developers, the council is trying to achieve not just a one-off, stand-alone project but creating urban neighbourhoods," said Ms Pirrit.

Getting parks established by the time the residents arrive had been part of the council's role and it had also guided the Ministry of Education with population predictions for growth hot-spots.

"Hobsonville and Flat Bush are good examples of where the ministry has delivered high-quality schools, which are key lures for people making decisions on where they want to live."

Infrastructure for the Silverdale North staged expansion, called Millwater, was built by WFH Properties which aims for 3000 homes and 10,000 residents over 300ha. The 1866 Stoney Homestead in the middle of the development was restored for $1.6 million as a community house by the Hibiscus & Bays Local Board.

View full article here

Published: 27 March 2014

Media Article: This isn't a mall, 'it's a town'

Media Source: Western Leader - Stuff.co.nz

The bulk of a $1.6 billion town centre at Westgate in Auckland is on schedule for completion by November 2015.

Twelve years have passed since Waitakere City Council and New Zealand Retail Property Group started talking about the 56ha development that is expected to be one of Auckland's top metropolitan shopping meccas.

Group general manager Campbell Barbour said the "long stage roll-out" of construction is fast taking shape.

"It's not just a shopping mall – it's a town," he said.

"It's fantastic to finally see buildings pop up out of the ground and the timing couldn't be better with the construction of the motorway and everything else that's popping up."

The $1b development will be five times bigger than the existing Westgate shopping centre.

It will include residential and retail areas, offices, a library, town square and 6ha of outdoor space featuring cycle lanes, a skatepark, playground and parks.

Foodstuffs has started building a Pak 'n Save that will open its doors to shoppers before the end of the year.

The company will begin work on a Mitre 10 Mega store late this year.

Construction of the library, community rooms and offices will begin from September 2015.

The whole development will be complemented by the addition of 5000 new houses and apartments in 2016.

The centre is expected to generate 8500 jobs in the commercial and retail centres.

Barbour said there's been huge interest from businesses and residents about the developments.

"The west is one of Auckland's fastest growing regions and there's lots of opportunity for high quality business and retail.

"Sylvia Park and Albany malls have been so successful and Westgate is the next best thing," he said.

Massey Henderson Local Board chairwoman Vanessa Neeson says the development brings a raft of opportunities to the area.

"When I moved out here 30 years ago it was a sea of houses and we had to travel for work.

"Communities had no opportunities close to where they live.

"Now we should be able to have an economical, thriving community where we are," she said.

View full article here

Published: 5 June 2014