BAYFAIR SHOPPING CENTRE NEW ZEALAND
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B AY F A I R S H O P P I N G C E N T R E
NEW ZEALAND
AN Iconic CENTRE
IN A STUNNING LOCATION
Bayfair Shopping Centre is situated in the highly sought-after beachfront suburb of Mount Maunganui
in Tauranga, a thriving seaside metropolis in New Zealand. Tauranga is New Zealand’s fifth largest city
and the heart of one of New Zealand’s fastest growing regional economies, with the largest percentage
increase in GDP contribution (2016)1. NEW ZEALAND’S HIGHEST
PERFORMING RETAIL SPECIALTY
Tauranga has developed into a broad based growth city with residents who demand a ‘big city’ shopping
SQUARE METRE RATE 2
$13,031
experience with leading national and international brands and on-trend places to connect.
INC. GST
Bayfair is the only major regional shopping centre in the
SPECIALTY MAT/SQM3
Bay of Plenty region. It’s a sales powerhouse, punching
above its weight against other shopping centres, boasting 40.8%
New Zealand’s highest specialty sales per square metre2 ABOVE BENCHMARKS3
- an impressive 40.8% above benchmark3 centres.
IN ONE OF
Bayfair’s continuing popularity and performance combined with Tauranga’s remarkable growth means now NEW ZEALAND’S
VISION is the right time for a dramatic transformation. This development will cement Bayfair as the region’s preferred
dominant retail, lifestyle, hospitality and entertainment destination for years to come.
Join us in this development, securing your brand’s presence in one of New Zealand’s pre-eminent
FASTEST
GROWING
REGIONAL
ECONOMIES
Bayfair Shopping Centre celebrates
shopping centres in one of its most thriving cities.
the Bay of Plenty and the best
of its coastal and urban lifestyles.
The region’s year-round retail and entertainment
destination, loved by a proud community.
Stats NZ, Regional Gross Domestic Product: year end March 2016, March 2017 2Jones Lang LaSalle, Specialty Sales Data – New Zealand Shopping Centres, May 2017 3MacroPlan Dimasi, Economic Report, November 2016
1
Artist impression: Subject to final design.
THE NEXT WAVE WE ARE ADDING:
RIDE IT • An extra 50 specialty stores, with iconic national
and international fashion and lifestyle brands
WITH US • The Bay of Plenty’s largest cinema complex, with seven
screens and seating for more than 1300, including 300 recliners
Already the region’s retail • A weather-protected, integrated alfresco dining
icon, Bayfair is set to build precinct anchored by a new concept bar
on its current success and • A brand new 3,800m2 Countdown supermarket
Tauranga’s rapidly expanding
Bayfair prides itself on being New Zealand’s leader in sustainable
population to develop its and accessible retail spaces and the next wave will be no different
long-term vision with a with thoughtful and inclusive community facilities and services.
significant development
On completion in 2019, Bayfair will
set to revolutionise the have approximately 150 stores.
local retail experience. Will yours be one of them?
Artist impression: Subject to final design.
With an area of 13,440 hectares4, Tauranga’s picturesque waterside location
WELCOME AUCKLAND
positions it as a small, but booming, metropolis.
Tauranga’s mild, sub-tropical climate means its residents and visitors enjoy
TO TAURANGA
201kms, 2hrs 38min drive1 between 2,200 and 2,500 hours of sunshine a year, making it one of the sunniest
1,614,4002
cities in New Zealand.4
The landscape is dominated by the volcanic cone of Mauao (Mount Maunganui),
BY 2031,
TAURANGA MEANS ‘SHELTERED WATERS’ IN MAORI THE GOLDEN TRIANGLE a postcard perfect harbour, long white beaches (the best in New Zealand)6
WILL LIKELY BE HOME TO and the moody Kaimai mountain ranges to the west.
Tauranga sits at the heart of the sunny Pacific waters 53%
OF NEW ZEALANDS
POPULATION3
of the Bay of Plenty, a significant region in New Zealand’s
North Island. It is close to Auckland (New Zealand’s TAURANGA IS
NEW ZEALAND’S FIFTH
largest city), Hamilton and Rotorua and is a key anchor LARGEST CITY2 AND ONE OF
to the increasingly-dominant ‘Golden Triangle’. THE FASTEST GROWING WITH
A POPULATION THAT HAS
152,830 ALMOST DOUBLED IN
THE LAST 20 YEARS4
2018 FORECAST
MAIN TRADE AREA5
HAMILTON
105kms, 1hr 21min drive1
161,2002
WESTERN BAY OF
ROTORUA PLENTY & TAURANGA
176,0002
63kms, 57min drive1
282,320
70,5002
BAY OF PLENTY
293,5002
2018 FORECAST
TOTAL TRADE AREA5 1
AA Traveller, Time and Distance Calculator, www.aa.co.nz/travel
2
2016 Estimated Populations at as June 2016; Stats NZ, Subnational Population Estimate Tables, June 2016
3
Ministry of Transport, Key Strategies and Plans - Connecting New Zealand, June 2015
4
‘Tauranga City Council, Tauranga City Statistical Information Report, January 2016
5
MacroPlan Dimasi, Economic Assessment, August 2017
6
Trip Advisor, 2017 Travellers Choice Awards, www.tripadvisor.co.nz
COASTAL MIGRATION
The success of the Port of Tauranga has coincided with strong business
growth and Tauranga’s lifestyle has proved a strong drawcard for families.
Recent population growth across all ages has seen major expansion in Tauranga
and the Western Bay of Plenty’s infrastructure, businesses and employment
7.0%
opportunities – a trend that continues to attract more people to the region,
6.5%
feeding the Bay of Plenty’s boom.
5.1%
4.8%
4.8%
4.4%
4.0%
PROJECTED RETAIL SPENDING IN 20314
3.5%
2.9%
2.9%
MAIN TRADE AREA TOTAL TRADE AREA
2.7%
2.7%
2.5%
$3.21b $5.55b
2.1%
WESTERN BAY OF PLENTY 2
WESTERN BAY OF PLENTY 2
WESTERN BAY OF PLENTY 2
WESTERN BAY OF PLENTY 2
1.6%
BAY OF PLENTY REGION
REFLECTING AVERAGE REFLECTING AVERAGE
ANNUAL GROWTH OF ANNUAL GROWTH OF
4.1% 3.7%
TAURANGA 1
TAURANGA 1
TAURANGA 1
TAURANGA 1
TAURANGA
NZ 1,2
NZ 1,2
NZ 1,2
NZ 1,2
NZ
ECONOMIC EMPLOYMENT POPULATION BUSINESS UNIT GROWTH IN RETAIL
GROWTH 20161,2 GROWTH 20161,2 GROWTH 20161,2 GROWTH 20161,2 SALES MAR 16-17 3
TAURANGA AVERAGE ANNUAL PERCENTAGE CHANGE
a growth surge
1
Priority One, Tauranga at a Glance, March 2017 2Priority One, Western Bay at a Glance, March 2017 3 Priority One, Quarterly Economic Monitor, March 2017 4MacroPlan Dimasi, Economic Assessment, August 2017
$939m
$876m
MOUNT MAUNGANUI WAS AWARDED 2017 TRAVELLERS’ CHOICE
TOTAL TOURISM RETAIL 'BEST BEACH IN NEW ZEALAND'
SPENDING WAS BY TRIP ADVISOR AND IS IN THE TOP
UP 6.7% 5 BEACHES IN THE SOUTH PACIFIC2
1
FROM 2016 TO 2017
A POPULAR
GETAWAY SPOT FOR
KIWIS, DOMESTIC
TOURISM IS THE BIGGEST
CONTRIBUTOR TO
TOURISM RETAIL
SPEND1
$213m
INTENATIONAL
TOURISM SPEND
$939 1
$725m MILLION
VISITOR
DOMESTIC ECONOMY ASPIRATION IS
$1.45b
TOURISM SPEND TAURANGA IS THE
LARGEST CRUISE TOUR PORT
DESTINATION IN NEW ZEALAND.
ANNUALLY IN 2028,
REPRESENTING A GROWTH
OF $601M OR 4%
OVER 80
PER ANNUM3 CRUISE SHIPS
VISIT EACH SEASON, BRINGING
MORE THAN 230,000 PEOPLE*
TO THE REGION.4
*230,00 people consists of 160,000
passengers and 70,000 crew
1
Tourism Bay of Plenty, ‘Bay of Plenty Booms’, 31 March 2017 (Report: Ministry of Business,
Innovation and Employment) 2Trip Advisor, 2017 Travellers Choice Awards, www.tripadvisor.co.nz
3
Tourism Bay of Plenty, Annual Plan 2017/2018 4Tourism Bay of Plenty, Key Facts,
www.bayofplentynz.com/visit/key-facts
Bayfair is located between Tauranga’s two most sought-after beachfront suburbs,
Mount Maunganui and Papamoa. The Mount is home to some of New Zealand’s
most prestigious homes, while Papamoa is one of the largest and
fastest growing suburbs in bothTauranga and New Zealand2.
With 30 years of proven success, Bayfair has some of New Zealand’s most popular fashion brands,
a 440 seat foodcourt and a full range of everyday conveniences and services.
WELCOME Bayfair’s top sales performance is balanced by its place as a conscious community leader boasting a range
of firsts for New Zealand shopping centres in sustainability, accessibility, and inclusiveness. Bayfair was the
BAYFAIR WELCOMED OVER
TO BAYFAIR
first New Zealand business to be rated platinum for accessibility.
The centre is easily accessible to the wider region with free parking (including a SmartGuide parking 6 MILLION
CUSTOMERS IN 2016
3
system on the ground level of the multi-deck carpark), electrical vehicle, bicycle and mobility scooter
A city experience charging stations and the strength of the Tauranga public transport network at its doorstep.
in a holiday setting1
11.3%
$13,031
$12,963
$12,506
9.9%
BAYFAIR IS A NATIONAL
8.75%
LEADER IN ACCESSIBILITY
AND SUSTAINABILITY
BAYFAIR’S
MOVING ANNUAL 33.9%
$7,696
TURNOVER INCREASED 27.0% 25.1%
20%
BAYFAIR (post development)
THE NEW ZEALAND AVERAGE
13.9%
BAYFAIR (current)
BENCHMARK
AVERAGE
BAYFAIR
BAYFAIR
IN THE THREE YEARS 40.8% 3.7%
THE NEW ZEALAND
ABOVE benchmark AVERAGE
TO 20163 MAT SPECIALTY SQUARE PRIMARY CUSTOMER AND MAIN TRADE AREA BAYFAIR MAIN TRADE AREA – SOCIO-DEMOGRAPHIC PROFILE 5
METRE RATE4 RETAIL SPEND4 MARKET SHARE4
1
Consumer Consultation Board, Direction First, 2015 2Infometrics, Regional Hotspot Report, November 2016 3AMP Capital Shopping Centres 4MacroPlan Dimasi, Economic Report, November 2016 5MacroPlan Dimasi, Economic Report, August 2017
MAUAO (’The Mount’)
PRIMARY TRADE
VOTED NZ’S BEST BEACH
IN 2017 BY TRIP ADVISOR
TRAVELLERS CHOICE AWARDS1
Amongst
the action
AREA CONSUMER
RETAIL SPEND IS 3.7%
ABOVE THE NEW
ZEALAND
BENCHMARK2 CYCLE LANE
(proposed by others)
Tauranga is poised for future success, brimming with exciting
152,830
CRUISE SHIPS
(over 230,000 people
per year)4 BAYFAIR developments and major infrastructure projects - hallmarks
2018 FORECAST
MAIN TRADE AREA3 IS TAURANGA’S of the city’s record growth - and Bayfair Shopping Centre
Mount
Maunganui FLAGSHIP RETAIL is right in the middle of all the action.
PORT OF TAURANGA
(NZ’s largest port)5
ONSITE ARATAKI
TRANSPORT HUB
DESTINATION, AN ICON
TAURANGA
AIRPORT
(over 190 bus visits per
week day, as at August 2017)6
WITHIN ITS PROUD From the new tertiary campus to record numbers of cruise ship passengers, Bayfair is at the centre of the
TERTIARY CAMPUS
COMMUNITY 8 action with the onsite Arataki Transport Hub and the ‘Baypark to Bayfair’ Link upgrade ensuring convenient
and easy access to and from Bayfair by car, on foot, by bike or public transport.
(completion 2020) 32,600 VEHICLE
MOVEMENTS PER DAY2 $120M BAYFAIR TO
BAYPARK LINK UPGRADE
• $455 million Eastern Link Redevelopment opened in 2016. A recognised road of national significance,
Tauranga PAPAMOA IS it is a key strategic transport corridor for the region.9
CBD ONE OF THE FASTEST
GROWING SUBURBS • $120 million10 Bayfair to Baypark Link upgrade will make travel to Bayfair by car, by cycle and on foot safer
IN TAURANGA and easier. In 2015, there were more than 32,600 vehicle movements per day on Maunganui Road.2
TO AUCKLAND ASB BAYPARK AND NEW • Arataki Transport Hub is a contemporary transport hub integrated into the centre, with over 190
EVENTS FACILITY $4 ZEALAND7
55 bus visits per week day which drop passengers right on Bayfair’s doorstep.6
m
Ea
st • 84 cruise ships will berth at the Port of Tauranga11 through the October 2017 - April 2018 season, bringing over 160,000
Bethlehem er
nL
in passengers and 70,000 crew4 to the region. Cruise ship visits to Tauranga have grown 600% in the last 10 years4.
k
• New Tauranga CBD tertiary campus to accommodate 1,435 students in stage one from completion in 2020.12
PAPAMOA GROWTH IS • Tauranga is at the centre of New Zealand’s sea export trade - the Port of Tauranga is New Zealand’s
PAPAMOA EXPECTED TO OUTPERFORM largest port by cargo volume.5
THE AREA SOUTH OF
TAURANGA AROUND PYES PA7 • ASB Baypark Events facility caters for events hosting up to 21,600 people and include over 5,000 carparks.13
TO ROTORUA 1
Trip Advisor, 2017 Travellers Choice Awards, www.tripadvisor.co.nz 2MacroPlan Dimasi, Economic Report, November 2016
3
MacroPlan Dimasi, Economic Assessment, August 2017 4Tourism Bay of Plenty, Key Facts, www.bayofplentynz.com/visit/key-facts
Welcome Bay 5
Port of Tauranga, About Us, www.port-tauranga.co.nz 6Bay Bus, Tauranga Urban Bus Routes, www.baybus.co.nz, as at August 2017
TO HAMILTON 7
Infometrics, Regional Hotspot Report, November 2016 8Consumer Consultation Board, Direction First, 2015 9NZ Transport Agency, Tauranga Eastern Link, www.nzta.govt.nz/projects
10
NZ Transport Agency, Bayfair to Baypark, www.nzta.govt.nz/projects 11Port of Tauranga, Cruise Ship Schedule, www.port-tauranga.co.nz
12
The University of Waikato, CBD Campus Development, www.waikato.ac.nz/tauranga-campus 13ASB Baypark, www.asbbaypark.co.nz
21,410
NEIGHBOURING RESIDENTS1
BAYFAIR’S ICONIC
DEVELOPMENT TRANSPORT
HUB
100+ BUSES
A DAY
On completion in 2019, Bayfair will boast a thriving day and
8,000m2 1820
night- time economy with the Bay of Plenty’s largest cinema CARPARKS
complex* (more than 1,300 seats) alongside an all-season, 6,400m2
3,800m
2
alfresco dining precinct. Perfect for a casual morning coffee or 440 SEAT
FOODCOURT
quick bite, an intimate date night or large family gathering.
Approximately 150 stores, an integrated design,
CINEMA
two brand new entrances and an outdoor activation
zone will add to the value of this exciting evolution.
Two new malls with curated precincts will
be anchored by a new Countdown
supermarket, Farmers and Kmart. ALFRESCO
DINING
Accessible to the wider region via the Tauranga
Eastern Link and with Tauranga’s public
transport network on its doorstep, Bayfair
offers free parking for 1,820 cars
(700 undercover) and electric vehicle,
bike and scooter charging stations. $100M DEVELOPMENT
Bayfair is combining a high-quality, iconic development with over
32,600 30 years’ proven success. Join us in this next impressive phase!
VEHICLE MOVEMENTS PER DAY1
MacroPlan Dimasi, Economic Report, November 2016 *Largest cinema complex in seat numbers
1
Artist impression: Subject to final design.
UNRIVALLED SPECIALTY MIX
Fashion Mall to Countdown
APPROXIMATELY
150
STORES
THE Bay of Plenty’s
PREMIER FASHION
ON COMPLETION
DESTINATION
A MERGING OF Bayfair is the fashion destination of choice for discerning
ICONIC NATIONAL AND customers who demand an offer on-par with shopping
INTERNATIONAL FASHION centres in New Zealand’s largest cities. Bayfair customers
AND LIFESTYLE are trendsetters, with a distinct, relaxed and coastal identity
BRANDS enriched by urban influences.
This significant development meets the demands of the region’s shifting populations and its many
visitors, building on the centre’s established specialty sales productivity. From the affluent shopper
to the natural trendsetter, the #lookatme fashion follower and the purposeful purchaser –
Bayfair will have them covered.
Already boasting some of Australasia’s leading fashion brands, this development will elevate its
reputation to the next level. An expanded range with international fashion icons and well-loved
national brands in an inspired environment will enhance Bayfair’s long-established fashion footprint.
Bayfair is the only place for retailers who want to be part of New Zealand’s top performing centre1
in specialty sales per square metre. Your brand is already great, that’s why we’ve chosen you.
Join us to springboard your brand’s success in Tauranga and the wider Bay of Plenty region.
Artist impression: Subject to final design.
1
Jones Lang LaSalle, Specialty Sales Data - New Zealand Shopping Centres, May 2017Artist impression: Subject to final design.
AN ALFRESCO
LANEWAY THAT OPENS
IN SUMMER WHILE
PROVIDING INTIMACY,
PROTECTION AND
WARMTH IN
WINTER
ALFRESCo
DINING
AT ITS PEAK
Bayfair’s new dining precinct is set to become the
region’s most vibrant alfresco dining destination.
Delivering a fresh and innovative experience featuring
authentic flavours and global inspiration, it promises
a diverse range of dining experiences for all occasions
and a year round meeting place where customers
can choose their experience each time they visit.
Artist impression: Subject to final design.DAY
Anchored byTURNS
an all-day trading gastro pub and with the
TO
visitors toNIGHT
meet with friends,(HEADING?
cinema nearby, the dining precinct will entice locals and
family and co-workers, day and night.
With a variety of experiences to suit all occasions, from a relaxed morning coffee and a quick bite, to a long intimate
meal or a night time gathering of friends, customers will enjoy an engaging and inclusive experience each time they visit.
The flexible design opens in the warmer months to capture light summer breezes, and nestles down to create a cosy,
comfortable gathering space in winter. This thoughtful space has been designed to provide a bespoke experience year round.
Bayfair welcomes passionate food innovators who live and breathe the latest casual dining trends to create a new,
industry-leading dining experience. We want the best to create the best.CEMENTING BAYFAIR’s FUTURE SUCCESS Bayfair’s Leasing strategy is focused on putting the right retailer in the right location. The centre is now bringing its long-term vision to life by meticulously curating reputable brands to form a key part of its next evolutionary phase. This significant development will reinvent the local retail experience as Bayfair grows to take full advantage of its loyal, and rapidly expanding, community and city. Bayfair sets a vivacious tone which captures the Bay of Plenty spirit; it celebrates its proud region by blending the best of its urban and coastal lifestyles. With more than 30 years’ proven success, Bayfair is Bay of Plenty locals’ favourite year-round destination for fashion, lifestyle and entertainment, and this impeccable development ensures it will be for years to come. The conditions are perfect, jump on board.
AMP CAPITAL IS ONE OF THE AMP Capital Shopping Centres is a specialised team of experts within
LARGEST INVESTMENT AMP Capital Real Estate.
MANAGERS IN ASIA-PACIFIC
With over 50 years of real estate investment experience, AMP Capital has provided insight and investment
50-YEAR TRACK RECORD AS expertise to clients through all market cycles, supporting them in every environment.
A REAL ESTATE FUND MANAGER
27 CENTRES THROUGHOUT AMP Capital Shopping Centres combines world-class experience and specialist
AUSTRALIA AND NEW ZEALAND capabilities with a deep understanding of local property markets.
Supported by the strength of AMP Capital and the experience of the AMP Group, we are uniquely positioned to
provide premium property management services to some of Australia’s and New Zealand’s most successful and
high-performing retail centres.
Established in 1971, AMP Capital Shopping Centres has a portfolio comprising of 27 centres throughout Australia
and New Zealand, which generates over A$7.9 billion in annual sales and attracts over 158 million visits annually.
AMP Capital Shopping Centres employs over 300 people and has over 3,500 individual retailer relationships.
Our expertise includes property and asset management, property development, leasing, finance and operations,
marketing and retail design. All of which is focused on one ultimate aim – to create inspiring shopping centre
experiences for all our stakeholders.
*As at December 2016
The information contained in this brochure represents, conceptually, what is hoped to be achieved from the proposed redevelopment of Bayfair Shopping Centre.
Photographs, plans and illustrations are indicative only and are subject to change.
The owners and managers of Bayfair Shopping Centre at their sole discretion may change the information contained in this brochure and any part of the redevelopment,
design and tenancy mix of the centres at any time or whether the owners and managers of Bayfair Shopping Centre will in fact proceed with the redevelopment of this centre
as mentioned in this brochure. You should not rely on anything in this brochure as indicative of the final design of the centre and should make your own enquiries in relation
to, and in respect of, anything shown or contained in this presentation. You should rely on your own judgement and enquiries and it is strongly recommended that you obtain
JUMP ON professional advice in relation to your involvement in the centre. You should not act on any information supplied to you in this brochure or otherwise supplied to you by or for
or on behalf of Bayfair Shopping Centre.
Some of the information in this presentation has been obtained from sources independent of Bayfair Shopping Centre or derived from information provided by such sources.
BOARD The owners and managers of Bayfair Shopping Centre do not warrant or represent that any such information is correct and do not accept any responsibility for the accuracy
of any information in this brochure which is based on, or derived from, information or research published or provided by others. Any forecasts referred to in this brochure
may also be affected by a number of unforeseen circumstances. No assurance is given that these forecasts will be achieved.
Without limiting anything above, the owners and managers of Bayfair Shopping Centre do not warrant the accuracy of the information in this brochure. The information
contained in this brochure does not constitute any offer, warranty or representation as to the proposed timing, design, makeup, profitability, style, layout or appearance of
Contact: Bayfair Leasing Team either shopping centre or any premises. The information should not be relied on as, nor construed or interpreted as forming or containing, any statement or representation as
P: 07 928 3440 to any matter or thing and is not intended to constitute advice.
E. leasing@ampbayfair.co.nz Except for any liability that cannot be excluded, the owners and managers of Bayfair Shopping Centre are not liable or otherwise responsible for any loss or damage (whether
from negligence or otherwise) suffered by any person directly or indirectly, as a result of any decision that you make to act or rely on anything contained or shown in this
brochure or otherwise supplied to you by, or any person for or on behalf of Bayfair Shopping Centre.You can also read
