We launched this feature last year; the result of requests we received from our members – retailers, fund-managers, suppliers to the industry etc. All of Scentre Group’s New Zealand portfolio – five centres – are featured, as well as others from Dexus, Kiwi Property and Tinline Property Group. The original 13 centres are featured again although one, Richmond Mall is under redevelopment, so turnover figures are not included. All other currency quoted are in New Zealand dollars.
This report was first published in SCN magazine – 2025 Big Guns edition
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. Note: GLA for Sylvia Park includes build-torent complex.
MAT: Moving Annual Turnover (NZ $million). Total retail sales from 1 January to 31 December 2024. 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.
MAT/sqm: Total retail sales 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.
Specialty MAT/sqm: The total retail sales for all trade-reporting tenants with a GLA below 400 sqm, 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), travel agencies, professional services and suites, offices, casual mall tenants and storage tenants.
Shopping Centre News (SCN) is in the ‘information business’, and is perceived as such by its readers. Daily industry news makes shoppingcentrenews.com.au a must-visit as part of the morning routine for those who want to keep right across the latest retail developments and events, while SCN's premium magazine is the leading publication for the shopping centre industry in Australia and New Zealand.
Known as the ‘industry bible’ SCN is printed five times a year with fascinating, in-depth features and important critical analysis written by known industry insiders as well as the popular ‘Guns’ reports, which ranks Australian shopping centre performances. Shopping Centre News is the only publication in the world that features centre statistics on Turnover, Turnover per square metre and Specialty Shop turnover per square metre for every major centre in Australia.
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