A new $20 million retail complex in South Auckland is close to being fully leased ahead of its opening next week.
Sunday, October 10th 2004, 9:43AM
by The Landlord
The $20 million Southgate Retail Centre in South Auckland, due to open next week, is nearly fully leased, mostly to national chains. Southgate is on the former Carter Holt Harvey site in Great South Rd, Takanini, where all but three of the 24 retail outlets have been leased, according to Mark Anderson, retail manager for Bayleys Real Estate.
The remaining store spaces, of 400-500sq m, would suit furniture, soft furnishings, fabrics, home décor or lightning retailers, he said.
The developer is Retail Holdings and its general manager, Darryl Henry, said about 150 people had been working on the site ahead of completion. He said Retail Holdings worked closely with Papakura District Council to complement the strengths of the Papakura town centre. The council's retail strategy guidelines included being on a major arterial road, easy access, large parking areas, and "being positioned to capture retail expenditure leakage." He estimated local residents were spending $135 million outside their area.
