Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Dress-Smart Expansions Near Completion

18 October 2005

Dress-Smart Expansions Near Completion

Expansion of two of New Zealand’s leading outlet centres is now nearing completion.

In February, ING NZ Retail Fund (‘the Fund’), a subsidiary of ING Retail Property Fund Australia received Resource Consents for a NZ$18million expansion of Dress-Smart Onehunga in Auckland and a NZ$5million expansion of Dress-Smart Hornby in Christchurch.

Construction of the Dress-Smart Onehunga extension is nearing completion and fitout is commencing shortly for many of the tenancies. Floor space has been increased by 3,800m2 – or over 40 per cent – and 40 new stores will be added to the centre over the next four months, bringing the total number of separate retail outlets to 110.

The first 20 stores will begin trading in November. These include popular clothing retailers Colorado, Meccano, Untouched World, David Lawrence, McKenzie Country and footwear brand, Mi Piaci. Life Pharmacy is also opening a Life outlet store selling quality cosmetics, perfumes and body care products. And, Gloria Jeans café and Wendy’s Supa Sundaes will make their Dress-Smart debut.

Existing tenants relocating to larger stores include adidas, Puma, Designer Haircare, Levis, Cue, Resort X, Book Clearance and Jeans West; all of whom have doubled their retail area.

In Hornby, construction of the 1,700m2 extension is now in its final stages and fitout is well advanced in the new premises. The 15 new tenancies will open from mid October through to early November. The official centre extension opening will take place on 4 November 2005.

The first new stores due to open later this month include popular children’s clothing retailers Pumpkin Patch and Just Kids as well as Canterbury NZ, Pacific Brands, Designer Haircare, Ripcurl and Meccano. A number of existing tenants are relocating to larger stores, including the popular Diesel outlet.

Anthony Bertoldi, CEO of the Fund said the decision to expand the centres was based on strong tenant demand at both centres and continued strong trading performance.

“Our decision has been validated as evidenced by exceptionally strong leasing figures at both centres. The range and quality of new international and domestic brands attracted also clearly supports the continued success of the Dress-Smart concept,” he said.

Prime Retail Management Limited, who manages the Dress-Smart portfolio on behalf of owners ING NZ Retail Fund, is also very pleased with the latest development.

“The Onehunga and Hornby expansions will ensure that Dress-Smart centres remain New Zealand’s premier outlet shopping destinations. Dress-Smart continues to offer shoppers an unrivalled, comprehensive choice of popular brands under one roof,” Mr Schiele said

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Immigration: Increase In Seasonal Workers For RSE

The current cap will be increased by 1,000 from 9,500 to 10,500 RSE workers for the 2016-17 season. Mr Woodhouse says the horticulture and viticulture industry is New Zealand’s fourth largest export industry, producing almost $5 billion in exports. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news