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

 


Westfield Expansion Gets Green Light

FOR IMMEDIATE RELEASE
Wednesday, 15 December, 2009
Westfield Expansion Gets Green Light


Westfield has committed NZ$33million to cement Westfield Chartwell’s place as the leading retail centre in the Waikato Region.

Westfield New Zealand Director, Mr Justin Lynch says, “The level of interest and commitment from a number of leading brands has reinforced Westfield Chartwell’s position as the premier fashion, entertainment and retail offering in the Waikato.”

“Over the past two years our team has been working on the planning for this development, and all necessary consents have been obtained. Our pre-leasing program has been positively received giving testament to how strong the Westfield Chartwell brand is in the market.

“Farmers has committed to a new two level department store and a significant number of leading fashion brands have already signed and committed to the project. The expansion will get underway in late January, 2010 with stage one of the new stores completed, opened and trading by the end of 2010,” said Mr. Lynch.

Mr Rod McDermott, Managing Director of Farmers says, “Farmers has long wanted to be in a position to offer a full product range and to find a way to be able to extend our fashion offer. This expansion has enabled us to achieve both these goals, and to be the anchor tenant was an easy business decision.”

With top fashion labels already signed up to open their doors next year, Westfield’s move to invest further will see Westfield Chartwell reinforced as Hamilton’s top fashion destination.

At the completion of the Westfield Chartwell project the centre will comprise:
• 126 retailers
• A new 5,700m2 two level Farmers department store
• SKYCITY Cinemas 6-screen complex
• Foodtown supermarket
• 450 Seat Foodcourt
• Gross Lettable Area 28,500m2

Currently Westfield Chartwell has a Gross Lettable Area of 21,369m2 with 111 retailers.

The centre draws off a trade area population of 137,140 has annual sales of NZ$118.4million 3rd quarter 2009.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

The Nation: Call For Cross-Party Auckland Housing Plan

Penny Hulse calls for cross-party accord on Auckland housing because “it’s too important to score political points on”. More>>

ALSO:

Flu Season: Overcoming Vaccination Reluctance

While research shows that 40% of New Zealand businesses offer free or subsidised flu vaccinations to employees this time of year, HR professionals say persuading staff to participate is the biggest challenge. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news