A NEW RETAIL HEART FOR INVERCARGILL - August 2020
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August 2020 A NEW RETAIL HEART FOR INVERCARGILL
Contents
1. The Vision 3
2. Centre Statistics 4
3. The Place To Be 5
4. The Centre - Facts 6
5. The Centre – Floor Plan 7
6. Visuals 9
7. Contacts 12
2
THE VISION
The Invercargill Central development is a new CBD development
occupying a 20,000m2 block in central Invercargill. The site is
currently occupied by a variety of old buildings and the new
development will retain three of the key heritage facades but
otherwise will provide for a brand new development, featuring the
NZ retail giant, major retailer Farmers Department Store, a fashion
precinct, three separate food precincts, a medical centre,
entertainment and approximately 800 car parks on site.
The main retail area will consist of two levels, with a ground level of
retail, a two-level Farmers department store, and at the first level a
quality restaurant precinct plus an open air plaza, leading to the
medical centre and associated commercial buildings.
The redevelopment will include two office buildings, both located in
iconic core locations and the first floor level will also lead to the
multi-deck car park above.
The development will be integrated with the adjacent Readings
Cinema to offer a complete entertainment in the Centre adjacent to
the ground floor food precinct. Attraction: this development is set to boost commercial opportunities for retailers, food
and beverage operators and tourism businesses.
The Invercargill City Council have identified Invercargill’s four key
pillars. These are Attraction; Experience; Place and Performance. Experience: Invercargill Central will delight and become a destination for consumers.
Invercargill Central encapsulates this vision perfectly. Place: more than just a shopping experience, Invercargill Central’s contemporary
streetscapes along with modern shopping and dining environments will appeal and draw
consumers to visit and stay for a longer period.
Performance: Invercargill Central is set to compliment Invercargill’s commercial culture.
3
CENTRE STATISTICS
Invercargill Central has the opportunity to become the lifestyle centre for the city,
to take its place as the centre of a new Invercargill (both socially and physically) in
the minds of its residents, workers and visitors.
* Source NZ Stats
Primary Catchment Area Invercargill City
➢ Population 2017 was 54,800 and by 2021 is estimated to be 56,100.
➢ The secondary catchment of the Gore District and Southland District provides
another 43,550 now and projected 44,408 by 2021.
➢ The total Southland catchment is currently 98,350, growing to 100,506 by 2021.
➢ Average household income $74,900. 33% of those are in the $70,000 and up
category.
➢ Retail sales in Invercargill in 2017 totalled $1,192 million and is growing at 2.5%
per annum.
Tourism
➢ International visitors to Invercargill in the 2017 year totalled 87,500 with
international visitor spend of approximately $55 million.
➢ Tourism from within New Zealand provides additional expenditure in Southland
of close to $180 million per annum.
4
THE PLACE TO BE
Southland is home to naturally warm and
hospitable personalities. It has its own unique
culture. Invercargill is a city that celebrates its
heritage and future – Invercargill Central will be
Invercargill’s only fully integrated Shopping
Centre delivering a unique shopping, dining,
cultural and tourism experience people will love
and want to share.
Invercargill Central will put its best foot forward
with a Centre Marketing Fund and total co-
ordinated branding and marketing which will be
driven by a dedicated marketing team.
As this vibrant shopping experience takes shape,
we can expect to see a diverse range of quality
boutique retail and well known brands take
residence next to quality food and beverage
operators. Invercargill Central will quickly
establish itself as a vibrant new shopping
precinct and entertainment destination.
Timing
Invercargill Central will quickly establish itself as
a vibrant new shopping precinct and ➢ Resource consent has been granted ➢ Stage 1 anticipated opening date is March 2022
entertainment destination.
➢ Stage 1 construction commenced July 2020 ➢ Stage 2 opening October 2022
5
THE CENTRE - FACTS
➢ Anchored by a 6,000 m² two level Farmers ➢ Over 60 specialty stores
➢ Linked into a major 4,000 m² medical centre ➢ Major Esk Street entries, plus major Tay Street Food Court
➢ Linked into a six storey prestige office building ➢ Three separate and significant food precincts
➢ 800 space multi level carpark above ➢ Major fashion precinct
6
THE CENTRE - FLOOR PLAN
ESK STREET
KELVIN STREET
DEE STREET
TAY STREET GROUND FLOOR 7
THE CENTRE - FLOOR PLAN
ESK STREET
KELVIN STREET
DEE STREET
TAY STREET FIRST FLOOR 8
VISUALS
9
VISUALS
10VISUALS
11CONTACTS
EVAN HARRIS
Colliers International Real Estate Management Limited
Email evan.harris@colliers.com
Phone 027 432 5153
CAROLINE ESPLEY
Colliers International Real Estate Management Limited
Email caroline.espley@colliers.com
Phone 021 434 461
MICHAELA CODY
Colliers International Real Estate Management Limited
Email michaela.cody@colliers.com
Phone 022 413 3544
12Disclaimer The opinions, estimates and information given herein or otherwise in relation hereto are made by Colliers International and affiliated companies in their best judgement, in good faith and as far as possible based on data or sources which are believed to be reliable. The material contained herein is not intended to substitute for obtaining individual advice from Colliers International or another advisor able to provide the services of a qualified professional person. Colliers International, its officers, employees and agents expressly disclaim any liability and responsibility to any person whether a reader of this publication or not in respect of anything and of the consequences of anything done or omitted to be done by any such person in reliance whether wholly or partially upon the whole or any part of the contents of this publication. COPYRIGHT Colliers International. All rights reserved. No part of this work may be reproduced or copied in any form or by any means (graphic, electronic or mechanical, including photocopying, recording, recording taping, or information retrieval systems) without the written permission of Colliers International.
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