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Kiwi Property secures New Zealand’s first H&M store

MEDIA RELEASE
14 October 2015

Kiwi Property secures New Zealand’s first H&M store

Kiwi Property announced today that international fashion retailer, H&M, will open at Auckland’s largest shopping centre, Sylvia Park in late 2016.

Chief Executive, Chris Gudgeon, said: “We are thrilled to be opening New Zealand’s first H&M store at Sylvia Park.

“Consumers the world over have come to know H&M as a leading fashion giant, and to have secured their first New Zealand store at Sylvia Park is great news for shoppers.

“We really believe in investing in Auckland’s growth, and bringing H&M to Sylvia Park is part of our plan to create a truly world-class retail offer in an increasingly world-class city.

“Almost a decade ago when Sylvia Park opened, few could imagine that Kiwi Property would turn a brown-field site next to a motorway into New Zealand’s best shopping centre. Sylvia Park is today Auckland’s premier retail destination, with more than 12 million shoppers coming through our flagship shopping centre every year,” Mr Gudgeon said.

Kiwi Property will invest $7.7 million to accommodate H&M and upgrade adjacent mall areas.

Earlier this year, Kiwi Property, which owns six shopping malls and two large format retail centres across New Zealand, announced a potential expansion of Sylvia Park in response to the waiting list of retailers seeking stores. A range of options are currently under consideration, including the addition of further international retailers, more specialty retail stores, department stores and additional customer parking.

Ends

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