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

 


Westfield Completes Manukau City Development

Westfield Completes NZ$70 Million Manukau City Development

Westfield New Zealand has completed the NZ$70 million development of Westfield Manukau city centre with the Grand Opening on Thursday 29 November 2007.

The investment in the redevelopment of the Westfield Manukau City shopping centre has seen 40 new retail stores added along with a new outdoor dining and entertainment area and a new two level car parking building.

Westfield Manukau City now has over 170 specialty stores, major retailers Foodtown and Farmers, and mini majors JB Hi Fi; Number 1 Shoes, and a new format Whitcoulls store.

A key component of this project is the SKYCITY Cinemas which will open in 2008.

Westfield has owned the Manukau shopping centre since 1998 and in that time the company has invested NZ $19 million by completing a redevelopment and ambience upgrade in 2003 and 2004 respectively in the centre’s ongoing development. The new development will create a further 279 new retail jobs at the centre taking the total number of those employed at Manukau City to 1,458.

Westfield New Zealand Director, Justin Lynch said it has been Westfield’s aim to continue to promote a diverse, vibrant Manukau City and the new development celebrates the city’s cultural diversity in its design.

“Throughout the centre, in particular the new alfresco dining area, pieces of Manukau’s cultural fabric have been woven into the building and its design,” he said.

“We are committed to ensuring that Westfield Manukau City is part of a vibrant and prosperous city centre. We believe our investment in Manukau City to complete this significant redevelopment will have a positive benefit for our retailers, shoppers and importantly for the local community.

Earlier this month Westfield opened the new NZ$210 million Westfield Albany centre taking the value of the Group’s investment in New Zealand to over NZ$3 billion. The company plans to invest a further NZ$500 million in its New Zealand assets over the next 5 years.

Westfield entered the New Zealand market and then purchased the St Luke’s Group portfolio of shopping centres with an initial investment of around NZ$1 billion in 2000.

– ENDS –

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Leighton-Led WGP To Build, Manage Transmission Gully

The Wellington Gateway Partnership, led by a unit of ASX-listed Leighton Holdings, has won the $1 billion contract to build the Transmission Gully road north of Wellington. More>>

ALSO:

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news