CENTRE PLACE SOUTH
The offer closed on 29 July 2016 and is fully subscribed.
Silverfin presented the Centre Place South Scheme as a wholesale investment opportunity in the Hamilton CBD.
- Over 20 International and National Tenants
- 15yr Anchor lease to Farmers
- $36m Refurbishment Completed 2013
- $50k investment parcels
CENTRE PLACE SOUTH
The Centre Place Shopping Centre consists of two components, Centre Place North and Centre Place South which are separated by the recently pedestrianised Ward Street. The Scheme owns the land and buildings at Centre Place South.
Centre Place South comprises a fully enclosed shopping centre of 10,933m2 of 28 tenancies. A significant refurbishment of Centre Place South was completed in October 2013 at a cost of $36 million which attracted a host of well-known brands for its reopening. The Farmers Department Store comprises 65% of the tenanted area on a 15-year lease commencing October 2013. Farmers is supported by 27 specialty retail tenancies including Michael Hill, Barkers, Max Fashions, Stevens Homeware and Overland Footwear.
NB: All facts and figures are stated as at June 2016
Shallow pads with concrete slab on grade
Double tee, hollow core and unispan pre-stressed flooring systems
Long run galvanised steel
The basement walls are pre-cast concrete panels. The building is predominantly clad in Hardiflex high build on steel stud together with areas of steel span 900 wall claddings
The valuation notes the building has a 100% NBS for the Farmers building and 91% NBS for the specialty area
NBS - New Building Standard
The specialty shops and mall entrances are air conditioned using package unit technology with main plant situated in recessed sections of the roof
Two OTIS passenger escalators service the basement carpark and mall retail level. Additional escalators are situated in the Farmers tenancy
The complex is fully fitted with fire sprinklers, fire hose reels, smoke detectors, emergency lighting, smoke extract ventilation and smoke detectors
Full security including detectors both in the mall and at the entrances and comprehensive onsite guarding and monitoring services. The mall ceiling is also alarmed
Male, female and handicapped toilets are provided in the centre