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

 

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