Talk of companies like Systems Commercial Furniture, the currently-under-development project in Auckland is set to be the largest building of its kind, not only in the country, but the whole of Australasia. Most New Zealand projects take a while, but the $790 million mega-project is set to open soon.
The group behind the project, ASX-listed Scentre Group stated that the 230-shop, 2800-carpark mega-shopping centre would open sometime between Q2 and Q4 of 2019. Chief Operating Officer Greg Miles state that the project will be opening in phases, with the first phase to open within the third quarter of 2019. He added that Farmers will be one of the first openings, to open sometime before September.
The NZ International Convention Centre was set to open in February originally, but the schedule was moved to the second half of 2010. Offices in the $1b Commercial Bay were also delayed form opening, from July of 2019 to December, whilst the shops were set to open in November of 2018, but got moved to September of 2019.
Competition for such a space is stiff, with companies like Systems Commercial Furniture vying for spots. Miles revealed that which companies have already acquired leases for the centre, saying that Camilla and Archie Brothers will be among the first to open, alongside established local brands like Rebel Sport, Kathmandu, Noel Leeming and Torpedo 7, among others. There have been rumours about luxury brands like Gucci setting up spaces in the centre, but Miles didn’t confirm anything, only saying that they’re talking to several companies, luxury brands included.
An Auckland investment expert say that while some have casted doubt on the opening, saying that Scentre is unable to fill the space, the centre would be a huge asset to Newmarket.
Miles noted that retailer interest in the centre is strong across the board, and leasing is going well, as evidenced by the store’s line-up for the opening of the first phase. Open redevelopments are also open, and he notes that a project of this size is a staged process in and of itself. As various sections are completed, he says that they’ll be opened for customers to enjoy while the rest of the construction and development is carried out on other sections.
Miles states that multiple stages will open in the second half of 2019, and construction is set to be completed, in full, around Christmas.