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

 


Countdown to Open Supermarket at Reading Centre

Lease signed to add new Countdown supermarket to Reading Centre in Wellington CBD

9 May 2013 - Reading International, Inc. (NASDAQ:  RDI) and Countdown have announced today that they have entered into a lease to incorporate a new supermarket as an anchor tenant into Reading’s “flagship” Courtenay Central Entertainment Centre in Wellington.

The new supermarket will be built on top of the surface car park on Wakefield Street, immediately behind the Reading Entertainment complex situated on Courtenay Place.

Countdown Managing Director Dave Chambers said the company has been searching for the right Wellington CBD location for a number of years, and was thrilled to have signed an agreement to lease a site right in the heart of the city.

“It’s no secret that we have been interested in investing in central Wellington for some time, but we were also determined to find the right site, of the right size for the sort of offering we want to provide, and with the access that our customers demand,” says Mr Chambers.

“We’ve been under-represented in the Wellington market and in the last six months we’ve been working to change that by opening stores in Newtown, Tawa and shortly, Petone.  The customer response has been great, and we’ve also been able to employ nearly 500 new people as part of our Countdown team.”

Reading Chief Operating Officer John Hunter says “the ground floor of the existing centre will be completely updated and reconfigured to integrate Countdown and add new tenants that will complement the supermarket.”

“We are delighted to add such a strong and innovative tenant to our centre.  The supermarket and planned new shops will add a very strong traditional retail component to our already successful entertainment centre,” said Mr. Hunter.

Reading’s plans include the 3,870sqm Countdown supermarket and reconfigures about 929sqm of existing space in the current centre for new tenants.  Access to the existing centre, cinema, and the 1,190 space car parks will also be reconfigured.  As Reading proceeds with fine-tuning the projects design elements, Reading is also exploring retail and other options to activate the potential rental space that will be created on top of the supermarket.

It is expected that the supermarket and overall project will open in June 2015.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>

BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>


BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Housing: More House Price Gains Expected

House price expectations remain high, with a net 56% of respondents expecting house prices will increase. Fears of higher interest rates are fading, consistent with the RBNZ’s signals this year. Affordability and a lack of houses for ... More>>

TDDA: State-Of-The-Art Drug Testing Laboratory To Open In Auckland

World leading drug testing agencies, The Drug Detection Agency (TDDA) and Omega Laboratories, open New Zealand laboratory More>>

Network: Bigpipe Launches Ultra-Fast Broadband Into Wellington

Bigpipe Launches Ultra-Fast Broadband into Wellington Naked broadband provider Bigpipe has extended its national reach, announcing today, the launch of its unlimited UFB offering into Wellington. The Spark Venture business is giving Wellingtonians the ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news