Auckland's $78m centre opens
The first stage of Botany Town Centre’s $78 million development opened in East Auckland last Thursday, May 2nd.
The development, which is being managed by AMP Capital on behalf of the centre’s owners, is expected to be complete by the end of this year. It will expand the centre to 62,700sqm and grow the number of tenancies in the Fashion Pavilions to more than 200.
New retailers to open their doors in the first stage of the development include Mecca Maxima and H&M.
“This first and largest stage of the development offers an improved expanded space to bring customers together with some of the best local and international retailers New Zealand has to offer,” AMP Capital Managing Director Shopping Centres Mark Kirkland said.
“The degree of interest from popular brands here and globally, which can have their pick of tenancies, is indicative of the wide appeal of a refurbished Botany Town Centre,” he said.
New retailers include H&M, Mecca Maxima, Decjuba, The Cosmetic Clinic, Platypus, Presshouse, Stewart Dawson, Westpac and Sushi Sushi – a successful and fast-growing Australian chain which is making its first foray into New Zealand at Botany Town Centre.
Coming to the centre but opening later in the month, is Starbucks and Postie (both previous tenants returning to the new-look centre), Paparich, Gong Cha, Connor and Sunglass Hut. Existing retailers Hallensteins, Pandora and Novo will also be opening new-look stores.
The opening of the first stage of the development follows the completed refurbishment of Hoyts Cinemas, now with more than 1000 powered recliner cinema seats, and children’s play area and seating for dining outside the Pavilions.
In addition, current upgrades are underway to enclose the outdoor area of Garden Lane. This is targeted to open in spring. New food, leisure and entertainment providers will be welcomed through the next stages of development.
AMP Capital expects the development to boost Auckland’s economy and retail sector. The construction phase has created upwards of 100 jobs and on completion, it is estimated the centre and its retailers will employ a total of 2185 people, with circa 1200 people at work on any given day.
Author: Heather McIlvaine. This article first appeared on Inside Retail, a sibling publication to Inside Franchise Business.