Crowds in Hamilton began to gather at 4am for the opening of Stock Exchange-listed Kiwi Income Property Trust’s Centre Place shopping centre yesterday.
More than 10,000 people are estimated to have attended the opening.
The redevelopment of the centre cost Kiwi Income $40 million excluding $7 million of non-capitalised costs, fees and incentives.
The centre is 95% leased, with 42 new retailers. Anchor tenants include Farmers with a 7100sq m, two-level flagship store, featuring the only M.A.C cosmetic counter in Waikato.
Centre Place also features a new state-of-the-art cinema with the addition of Metro by Hoyts, a new brand for Hoyts cinemas and the first of its kind in New Zealand.
Metro by Hoyts features five digital cinemas and a bar plus “chill-out” space. The centre already features a Lido Cinema offering an arthouse experience with a further three screens.
There is also an outdoor contoured play space for children, green walls and street-scaping in a section of Ward St that has been closed to traffic, with a covered connection bringing the former Downtown Plaza and Centre Place Shopping Centre together under one roof.
This article is tagged with the following keywords. Find out more about MyNBR Tags
Most listened to
- Testy exchange over Super Fund evidence
- 'It’s not as big as it was last year but it’s still the biggest game in town' – Paul Maher talks up TVNZ's audience
- Hydroworks CEO Andrew Rodwell on the company's prospects post-funding.
- Trading with Milford’s “Ming” – Goldmans and Forbars give evidence at Warminger trial
- In Editor's Insight, Nevil Gibson finds women are still under-represented at all levels of the corporate ladder