This new feature – New Zealand ‘Guns’ – is published in the latest edition of SCN magazine and has been made public for a limited time only. To gain full access to SCN’s Guns data tables (for Big Guns, CBD Guns, Mini Guns, Little Guns and now NZ Guns), become a premium member here.
For a few years now, we’ve had numerous requests for our ‘Guns’ issues to feature New Zealand centres. COVID came along and that was not the time to do it so we put it ‘on-hold’ for a while.
The requests come from a variety of sources; of course, retailers want statistics on centres as do fund managers, investors and suppliers to the industry to name but a few. As well, shopping centre executives in NZ request the feature as our publication is widely read there.
And so, this year we begin. We invited the NZ centres to get involved and 13 major centres submitted their data. All five Scentre Group centres in NZ are featured, as well as a few from Dexus, Kiwi Property and Tinline Property Group.
The 13 centres featured range in GLA from 19,000m2 up to 91,000m2. Interesting to note that without exception, all centres improved their MAT in this first year – 2024 (CY2023), over the previous year (CY2022). Some very powerful centres too; Sylvia Park with an MAT in excess of NZ$800 million and Westfield Newmarket at NZ$712 million – both in Auckland, with Westfield Riccarton – Christchurch – at NZ$588 million.
In terms of MAT/m2 there are heavyweights!
Westfield Riccarton takes the No. 1 spot with a very creditable NZ$12,307 and Tinline Property’s Richmond Mall in Nelson coming a close second with NZ$11,792/m2. More than half the centres featured have MAT/m2 levels above the NZ$10,000 mark.
Specialty MAT/m2 is just as impressive with Westfield Riccarton on top again with a very healthy NZ$14,380, almost identical to Scentre Group’s Westfield Albany (Auckland) at NZ$14,373. Interestingly, note that every centre featured shows Specialty MAT/m2 in excess of NZ$10,000!
It’s likely that the list will grow next year. Watch this space!
NZ GUNS DATA TABLE
The following table includes data for 13 New Zealand centres.(click on any column to sort)
Click the green “+” icon to view more information about each centre.
| Centre Name: | Region: | GLA: | MAT(mil) 2024: | % change from previous year: | MAT/m2 2024: | % change from previous year: | Specialty MAT/m2 2024: | % change from previous year: | Asset value ($mil): | Traffic/year (mil) : | Av.Spend/Visit: | Majors/Cinemas: | Mini Majors: | Specialties: | Carparks: | Owner: | Management: | Phone: | Centre Manager: | Marketing Manager: | Leasing Manager: |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bayfair Shopping Centre | Bay of Plenty | 42,591 | $387.30 | 5.60% | $10,646 | 5.60% | $13,624 | 5.90% | – | 6.52 | $59.44 | F, KM, W, UC | 7 | 124 | 1,850 | DWWF & Fisher Fund | Dexus | 07 575 9349 | Steve Ellingford | Nicole Wilks | Fiona Cameron |
| Botany Town Centre | Auckland | 60,271 | $366.71 | 2.80% | $7,990 | 2.90% | $10,722 | 6.20% | – | 12.07 | $30.38 | B, F, H&M, NW, RS, H | 23 | 146 | 2,480 | PSPIB | Dexus | 09 272 3888 | Kerrie Hughes | Nikki Langford | Fiona Cameron |
| LynnMall | Auckland | 35,982 | $308.40 | 4.70% | $10,616 | 5.10% | $11,032 | 8.20% | $206.00 | 7.05 | $43.70 | 3 | 6 | 96 | 1,319 | Kiwi Property | Kiwi Property | 09 826 2333 | Sacha Harrap | Priya Mistry | R.Murphy, R.Buckingham, B.Wragge |
| Manukau Supa Centa | Auckland | 37,927 | $154.83 | 14.30% | $5,485 | 15.40% | $10,273 | 3.80% | – | – | – | KM, B, FN, NL, RS, BBB, BB, T | 15 | 18 | 1,643 | PSPIB | Dexus | 09 272 3888 | Kerrie Hughes | Amanda Newman | Fiona Cameron |
| Papamoa Plaza | Bay of Plenty | 19,438 | $157.30 | 19.60% | $8,092 | 20.10% | $11,082 | 21.70% | – | 3 | $47.29 | 2 | 1 | 51 | 780 | Tinline Property Group | Tinline & Colliers | 07 5720383 | Leah Sutton | – | |
| Richmond Mall | Tasman | 23,445 | $276.46 | 9.80% | $11,792 | 9.70% | $12,040 | 15.70% | – | 6.15 | $44.92 | 3 | 1 | 70 | 750 | Tinline Property Group | Tinline & Colliers | 03 5446259 | Belinda de Clercq | – | Colliers |
| Sylvia Park | Auckland | 91,412 | $803.90 | 3.70% | $10,621 | 3.20% | $13,521 | 5.70% | $1,012.00 | 15.48 | $51.90 | 5 | 25 | 183 | 4,321 | Kiwi Property | Kiwi Property | 09 570 3777 | Helen Ronald | Karla Robertson | R.Murphy, R.Buckingham, B.Wragge |
| The Base | Hamilton | 87,383 | $517.60 | 6.90% | $6,672 | 3.30% | $13,478 | 14.40% | $408.80 | – | – | 5 | 24 | 108 | 3,329 | Kiwi Property & Tainui Group | Kiwi Property | 07 849 0770 | Simon Betts | Stacey Kitchen | R.Murphy, R.Buckingham, M.Forrest, B.Wragge |
| Westfield Albany | Auckland | 53,329 | $447.00 | 4.90% | $10,492 | 5.70% | $14,373 | 6.10% | $565.00 | 8.5 | $52.60 | F, KM, NW, EC | 10 | 131 | 2,373 | SCG & GIC | Scentre Group | 09 925 9200 | Darren Wolley | Luciana Aostri | Grant Wong |
| Westfield Manukau City | Auckland | 45,087 | $314.00 | 7.80% | $9,950 | 7.20% | $14,162 | 8.10% | $340.00 | 7 | $44.80 | F, C, EC | 12 | 159 | 2,113 | SCG & GIC | Scentre Group | 09 978 5300 | Katie Chrisp | Kim Wlash | Grant Wong |
| Westfield Newmarket | Auckland | 86,879 | $712.00 | 7.20% | $11,724 | 4.50% | $13,712 | 5.00% | $1,115.00 | 13 | $54.70 | DJ, F, C, EC | 18 | 234 | 3,110 | SCG & GIC | Scentre Group | 09 978 9400 | Nicole Lawson | Nat Kasparova | Grant Wong |
| Westfield Riccarton | Christchurch | 54,993 | $588.00 | 9.20% | $12,307 | 6.40% | $14,380 | 4.20% | $555.00 | 10 | $58.70 | F, KM, PNS, H | 7 | 174 | 2,400 | SCG & GIC | Scentre Group | 03 983 4500 | Chris Mills | Gabby Jardiolin | Grant Wong |
| Westfield St Lukes | Auckland | 39,485 | $313.00 | 7.30% | $9,410 | 7.60% | $10,697 | 4.40% | $325.00 | 5.8 | $53.60 | F, KM, C, EC | 2 | 159 | 2,018 | SCG & GIC | Scentre Group | 09 978 6000 | Lisa Maxcey | Brittany Topai-Aveai | Grant Wong |
Definitions
GLA: Gross Lettable Area. Includes the trading area of all tenants located at the centre, whether currently leased or not leased. Includes non-retail such as medical suites, offices, cinemas and entertainment etc. Does not include storage areas or casual leasing sites.
MAT: Moving Annual Turnover ($million). Data for 2024 refers to the total retail sales from 1 January to 31 December 2023. Includes trade from all tenants where the manager is provided with sales data (including cinemas, restaurants, travel and entertainment venues). Excludes sales from banks, ATMs, financial institutions, health insurance, TAB/soft gambling, gaming venues, amusements (rides), professional services and suites, offices, casual mall tenants and storage tenants. Currency is in New Zealand Dollars.
MAT/m2: Data for 2024 refers to the total retail sales from 1 January to 31 December 2023, divided by the retail area from which the retail sales were derived. Includes trade from all tenants where the manager is provided with sales data, excluding cinemas and entertainment venues. Excludes sales from banks, ATMs, financial institutions, health insurance, TAB/soft gambling, gaming venues, amusements (rides), professional services and suites, offices, casual mall tenants and storage tenants. Currency is in New Zealand Dollars.
Specialty MAT/m2: Data for 2024 refers to the total retail sales from 1 January to 31 December 2023, for all trade-reporting tenants with a GLA below 400m2, divided by the retail area from which the retail sales were derived. Excludes sales from cinemas, entertainment venues, banks, ATMs, financial institutions, health insurance, TAB/soft gambling, gaming venues, amusements (rides), professional services and suites, offices, casual mall tenants and storage tenants. Travel agencies are excluded from Specialty MAT/m2. Currency is in New Zealand Dollars.
