Join Us As We Grow - Botany Town Centre
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Join Us As We Grow
Vision To maintain Botany Town Centre as New Zealand’s pre-eminent town centre that incorporates quality retail, A diverse lifestyle and leisure offers, plus civic and community uses. botanical oasis. The centre currently enjoys open-air shopping precincts, dining, entertainment The retail & social and office environments, around a collection of civic spaces, creating an ideal community hub. heart of East On completion, the redevelopment will enhance the retail, leisure, entertainment, Auckland food and beverage offer of this iconic East Auckland shopping centre.
A Pre-Eminent Town Centre
In Auckland’s Fastest Growing Region
Established in 2001, and managed by AMP Capital,
,
CURRENTLY
58 854M 2
the centre has a diverse and comprehensive retail mix
of top New Zealand stores, supported by major retailers OF TOTAL FLOORSPACE
43,142
(Farmers, New World, Hoyts, Whitcoulls and Lonestar). INCLUDING
M2
Currently boasting 200 tenancies in total; including 150 specialty stores,
24 commercial tenants, and an extensive food offering, Botany is a true
OF TOTAL RETAIL
town centre, also providing medical and health services, banks, a post office, FLOORSPACE
library, childcare facilities and a variety of educational institutions.
Located 19 kilometres from Auckland’s CBD on a high profile site in South East
Auckland, the centre is part of a major growth corridor for the Auckland region.
Botany is well positioned for future growth, recently zoned as a Metropolitan
Business Zone under the Unitary Planning process. Long-term master
planning opportunities are being investigated, with the first phase of a staged
development having commenced in February 2018.
LARGER
than the regional centres
benchmark across
New Zealand1
1
MacroPlan Dimasi, December 2017
A number of special housing areas and future residential growth areas
WESTFIELD 277 NEWMARKET
Trade have been identified within the primary and tertiary trade areas, and
are fast-tracked for development by Auckland Council in order to boost
Area housing supply.
HIGHLAND PARK BEACHLANDS
HOWICK
Within
SH
1 DRESS-SMART
PAKURANGA
PLAZA MEADOWLANDS
Auckland’s
Fastest
ONEHUNGA SYLVIA PARK
HIGH DENSITY
PRIMARY
RESIDENTIAL
Growing
BOTANY TOWN CENTRE SCHOOL
POPULATION
Trade Area Key
Region1
ORMISTON TOWN
79 ORMISTON RD CENTRE (U/C) PRIMARY
HUNTERS PLAZA SC
FLAT BUSH SECONDARY
MANUKAU TERTIARY
SH
20
REGIONAL CENTRE
AIRPORT SC WESTFIELD
MANUKAU CITY SUB-REGIONAL
CENTRE
HIGH SCHOOL
OUTLET CENTRE
FARMERS
CLENDON SC
KMART
THE WAREHOUSE
TAKANINI VILLAGE
COUNTDOWN
TO
NEW WORLD
HA
PACK N’ SAVE
MIL
SUPER VALUE
Source: MacroPlan Dimasi Economic
TO
Assessment, March 2018 1
Statistics NZ – October 2017
N
Redevelopment
Key Facts
200
The number of Botany Town
tenancies will Centre’s MTA1 has
grow to over
an enviable
INCLUDING 24 COMMERCIAL TENANTS
population of
309,000, with
$80+ million growth of
Investment
1.5%P.A.
to 20232
1
Main Trading Area (Primary + secondary
trade areas)
2
MacroPlan Dimasi Economic Assessment,
ARTIST IMPRESSION February 2018 to 2023
Roading Network HALF MOON
& Connections
BAY MARINA
(500+ BOATS) Drive
Time
PAKURANGA
Positioned adjacent to three main arterial PLAZA
SH
roads, Botany is a true town centre, with over 1
90,000 vehicles a day passing by.
Drive Time (Off peak)
SYLVIA PARK
5 MINUTES
10 MINUTES
15 MINUTES
450
CONNECTIVITY
TO MAJOR
ARTERIAL ROUTES
WEEKDAY BUS ORMISTON
VISITS (AVERAGE) SHOPPING
SH CENTRE
20
4,000+ AUCKLAND
PATRONAGE INTERNATIONAL WESTFIELD
ON AVERAGE AIRPORT MANUKAU
WEEKDAY
PUBLIC BUS BOTANY TOWN
SERVICES EVERY CENTRE
10
PUBLIC
TRANSPORT
7 DAYS
MINUTES A WEEK
TO HAMILTON
Source: MacroPlan Dimasi Economic
Source: Auckland Transport November 2017 Assessment, March 2018
Join Us
As We Grow!
Botany is set to build on its current success and the nation’s
fastest growing local population, developing a long-term
vision to enhance the local retail experience.
Be a part of our development as we become a destination - not only
somewhere to shop, but a place to relax, celebrate, eat, drink, learn, play,
be entertained, surprised and delighted.
We are adding
▪▪ An extension of our Fashion Pavilions, with national and international On completion
fashion and lifestyle brands.
in 2019, Botany
▪▪ A comprehensive upgrade of Garden Lane, with a stylish refresh of
the fresh food precinct adjoining New World. will have over
▪▪ A spectacular new entertainment precinct with a massive 200 tenancies.
refurbishment of Hoyts Cinemas, with more than 1,000 luxurious,
powered recliner cinema seats.
Will yours be
one of them?
ARTIST IMPRESSION
Staged
Development
Overview
ARTIST IMPRESSION
New Zealand Auckland
Potential Current Population Forecast to grow by GDP
1.7M 1.3% $
90B
1 p.a
New Zealand is well below the benchmark for retail floor space per capita (sqm),
over the next 15 years1 (5.2% growth in 2017)²
creating significant demand for an increase in retail space.
HIGHER GDP GROWTH THAN WIDER NEW ZEALAND CONSISTENTLY OVER THE LAST 8 YEARS²
RETAIL FLOOR SPACE PER CAPITAL
JULY FEBRUARY
New Zealand Australia USA
CLIMATE3
SUBTROPICAL
Population (millions) 4.7m 24.3m 323.1m
Retail Floor Space (millions) 2.5m² 25.2m² 708.1m² Coldest Month (10.6°C)3 Warmest Month (19.8°C)3
Retail Floor Space per Capita (sqm) 0.5 1.0 2.2 1
MacroPlan Dimasi, February 2018 | ² Infometrics, December 2017 | 3
NIWA Report, 2016
OPPORTUNITY FOR GROWTH
2.5
2
1.5
1
0.5
0
New Zealand Australia USA
Source: ICSC (international Council of Shopping Centres) Statistics as at Dec-16
Dynamic 20183
51%
Catchment Growth
47%
42%
41%
28%
25%
European residents in Botany’s MTA1 tend to be aged 40+, and are more
established in their careers. Asian residents tend to be in their 20’s-30’s,
suggesting that they are young families or young professionals starting out AUCKLAND MAIN TRADE AREA PRIMARY TRADE AREA
their careers.
2033 FORECAST POPULATION3
47%
46%
41%
DIVERSITY OF MAIN TRADING AREA POPULATION2
36%
30%
Botany’s MTA1
30%
Pacific
AGE Asian European Maori Peoples MELAA3 Others
0-19 yrs 29.0% 27.9% 45.2% 46.5% 33.4% 30.4%
has the highest
20-39 yrs 33.5% 21.4% 26.5% 27.3% 31.6% 19.2%
proportion of
40-59 yrs 26.7% 28.6% 21.2% 18.9% 25.7% 30.9%
people of asian
ethnicity in
60+ yrs 10.8% 22.1% 7.1% 7.4% 9.2% 19.5% AUCKLAND MAIN TRADE AREA PRIMARY TRADE AREA
Total 100% 100% 100% 100% 100% 100%
New Zealand2
1
Main Trading Area (Primary + secondary trade areas) 1
Main Trading Area (Primary + secondary trade areas)
2
MacroPlan Dimasi Economic Assessment, March 2016 2
Botany Electoral Profile – Parliamentary Service – December 2017
3
MELAA refers to Middle Eastern/Latin American/African 3
MacroPlan Dimasi, February 2018HALF MOON
DOWNTOWN
FERRY BAY MARINA
Wealth Of Main
AUCKLAND TERMINAL (500+ BOATS)
CBD
Trading Area Population WESTFIELD 277
NEW MARKET
PAKURANGA
PLAZA Income
SH
1 Profile
79% of the primary trade area residents are part of the white collar
workforce, 7% over the New Zealand average. SYLVIA PARK
ORMISTON
SHOPPING
CENTRE
CONNECTIVITY
TO MAJOR
SPENDING POWER ARTERIAL ROUTES
AUCKLAND
WHITE COLLAR WORKFORCE BLUE COLLAR WORKFORCE
INTERNATIONAL
AIRPORT SH
20
Primary Trade Area 79%
WESTFIELD
MANUKAU
Main Trade Area 71% SPENDING POWER
Per Capita Household Income
Auckland 76%
Primary Trade Area $31,124 $100,577
New Zealand 72%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Auckland Region $31,138 $90,880
TO HA M ILT ON
Source: MacroPlan Dimasi Economic
Source: MacroPlan Dimasi Economic Assessment, March 2017 Assessment, March 2018A Forecast For Tourism
Retail Spending
Growth
A Strategic Pillar
MAIN TRADING AREA RETAIL EXPENDITURE FORECAST 20% of centre sales currently come from beyond the
8,000
Trade Area, a combination of Auckland residents and
tourists (both Domestic and International).1
$6.8B
7,000 VISITOR ECONOMY SEGMENTS1
DAYTRIPPER2 FIT3
6,000
.
% P.A
4.9
BUSINESS DOMESTIC OVERNIGHTER
** +
5,000 TH
R OW
$3.6B
$3.6B REG INTERNATIONAL VFR4
ITU
XP END
4,000
RE LE STUDENT HOLIDAY
PA
Average AP
CRUISE LUXURY GROUP
Growth of 3,000
$184M 2,000
p.a. 1,000
0 1
MacroPlan Dimasi Economic Assessment, March 2017
2018 2020 2022 2024 2026 2028 2030 2032 2
Defined as a round trip of more than 50km and did not spend a
night away from home as a result of travel
3
FIT = Free Independent Traveller
Source: MacroPlan Dimasi Economic Assessment, March 2017 4
Visiting friends and relativesAbout AMP Capital
Our expertise in creating inspiring experiences
AMP CAPITAL IS
ONE OF THE AMP Capital is dedicated to creating exceptional real estate experiences for shoppers,
LARGEST
customers and clients, drawing on over 50 years of experience in shaping city skylines and
creating iconic shopping centres.
INVESTMENT
MANAGERS With $26 billion in real estate assets under management for investors, including almost $10
billion of shopping centre assets, AMP Capital’s specialist shopping centres team creates
IN ASIA-PACIFIC
inspiring shopping centre experiences for 168 million visitations every year. Our 300-strong team
manages a portfolio of 30 shopping centres around Australia and New Zealand, from
50 YEAR every-day neighbourhood to large, super-regional centres, generating over $8.5 billion in sales
and featuring over 3,500 local, national and global retailers.
TRACK RECORD AS
A REAL ESTATE FUND We aim to be a world-class property and development team delivering significant value to
MANAGER clients, applying deep and broad specialist expertise across retail disciplines, including
property and asset management, development, leasing, marketing, research, placemaking
and retail design.
THROUGHOUT This underpins our long and successful track-record along with extensive research and a
AUSTRALIA AND comprehensive knowledge of the shopping centre industry which backs every decision we take
NEW ZEALAND
to create great experiences and sustainable, profitable outcomes for our investors.Contact Us Gareth Evans Matthew Chaytor Leasing Manager NZ Leasing Executive NZ m +64 29 200 7696 m +64 21 709 050 e gareth.evans@ampcapital.com e matthew.chaytor@ampcapital.com *As at May 2018. The information contained in this brochure represents, conceptually, what is hoped to be achieved from the proposed redevelopment of Botany Town Centre. Photographs, plans and illustrations are indicative only and are subject to change. The owners and managers of Botany Town Centre at their sole discretion may change the information contained in this brochure and any part of the redevelopment, design and tenancy mix of the centres at any time or whether the owners and managers of Botany Town Centre will in fact proceed with the redevelopment of this centre as mentioned in this brochure. You should not rely on anything in this brochure as indicative of the final design of the centre and should make your own enquiries in relation to, and in respect of, anything shown or contained in this presentation. You should rely on your own judgement and enquiries and it is strongly recommended that you obtain professional advice in relation to your involvement in the centre. You should not act on any information supplied to you in this brochure or otherwise supplied to you by or for or on behalf of Botany Town Centre. Some of the information in this presentation has been obtained from sources independent of Botany Town Centre or derived from information provided by such sources. The owners and managers of Botany Town Centre do not warrant or represent that any such information is correct and do not accept any responsibility for the accuracy of any information in this brochure which is based on, or derived from, information or research published or provided by others. Any forecasts referred to in this brochure may also be affected by a number of unforeseen circumstances. No assurance is given that these forecasts will be achieved. Without limiting anything above, the owners and managers of Botany Town Centre do not warrant the accuracy of the information in this brochure. The information contained in this brochure does not constitute any offer, warranty or representation as to the proposed timing, design, makeup, profitability, style, layout or appearance of either shopping centre or any premises. The information should not be relied on as, nor construed or interpreted as forming or containing, any statement or representation as to any matter or thing and is not intended to constitute advice. Except for any liability that cannot be excluded, the owners and managers of Botany Town Centre are not liable or otherwise responsible for any loss or damage (whether from negligence or otherwise) suffered by any person directly or indirectly, as a result of any decision that you make to act or rely on anything contained or shown in this brochure or otherwise supplied to you by, or any person for or on behalf of Botany Town Centre.
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