PERFECT POTENTIAL PAPAMOA PLAZA ENERGISING SHARED PLACES

VISION ENERGISING SHARED PLACES MISSION MAXIMISING PAPAMOA’S POTENTIAL SNAPSHOT PAPAMOA, ’S LARGEST & FASTEST GROWING SUBURB LOCATION TAKE A LOOK AROUND OPPORTUNITY A LARGE FORMAT FUTURE COMMUNITY FLOURISHING & VIBRANT VISION VISION ENERGISING SHARED PLACES

We believe the future of successful retail is all about delivering experiences that delight, engage and energise people. Tinline’s purpose is to connect with retailers and their customers by creating environments that emerge as favourite destinations, where Kiwis love to be. This is the art and science of energising shared places.

JAMIE GASKELL

CHIEF EXECUTIVE OFFICER TINLINE PROPERTY Tinline Property PAGE 5 PAGE 1. 2. 3. 4. MISSION MISSION MISSION MAXIMISING PAPAMOA’S MORE RETAIL RAPIDLY GROWING RETAIN LOCAL ENDURING POTENTIAL REQUIRED POPULATION SPEND HOLIDAY HOTSPOT Research shows us a primary Papamoa, as the fastest Of a total $305 million primary Papamoa’s place as a Papamoa, as Tauranga’s largest and fastest catchment sustainable growing suburb of Tauranga, is catchment retail spend, a seasonal destination for growing suburb, shows all the signs of retail floorspace (GFA1) trending to double the national gross $155 million flows out to visitors, primarily from the substantial, long-term economic expansion. of over 60,000 square average for population growth the secondary catchment and , adds a With a population that’s growing at twice the metres in 2016, growing to by 2033. Inevitable foot traffic beyond. While inflows moderate substantial and additional national average, large areas of available land in around 87,000m2 by 2033. growth rates are embedded in this gross figure, reducing footfall/income stream that close proximity and annual building consents at Papamoa Plaza represents pure population growth. spend outflow is an immediate other malls, in general, double the greater Tauranga average (640 p.a.), 24% of that floorspace now, priority, through continuous may not experience. Papamoa represents a high-growth cell within indicating an immediate improvement of the offer – Around 20% of retail one of the country’s fastest growing regions. and significant opportunity particularly by introducing the spend within the primary for more retail in the primary types of retail that are under- catchment is identified as catchment, regardless of represented in Papamoa. being from visitors beyond population growth. the Western .

DAVID HILL CENTRE MANAGER Tauranga Papamoa Plaza TINLINE PROPERTY TINLINE PROPERTY TIM RAATELAND CHIEF OPERATIONS OFFICER Tinline Property

STATS: Retail market assessment. Property Economics. 2017 PAGE 7 PAGE PAGE 6 PAGE 1. GFA: Sustainable Gross Floor Area is Net Retail Floorspace, excluding Back Office Floorspace MOUNT MAUNGANUI

3 DRIVE TIMES FROM PAPAMOA PLAZA AGE % EMPLOYMENT PERSONAL INCOME % JOB CLASSIFICATION %

LOCATION DISTANCE TIME 1 Fashion Island 350m 1 minute 0 – 14 YEARS 24 50K + 22 24 MANAGERS 20 17 2 9km 9 minutes PROFESSIONALS 15 – 19 YEARS 30 – 50K 17 22 SNAPSHOT 2 22 SNAPSHOT 4 3 Mount Mainstreet 14.5km 17 minutes 6 22 4 Bay Central Shopping Centre 15.4km 17 minutes 20 – 29 YEARS TECHNICIANS & TRADES 10 20 - 30K 12 13 5 Tauranga Downtown 16.9km 19 minutes 16 17 5 COMMUNITY/PERSONAL 10 6 Fraser Cove Shopping Centre 18.9km 19 minutes 30 – 39 YEARS 12 8 9 PAPAMOA 10 - 20K 21 21 TAURANGA CITY 7 Gate Pa Shopping Centre 19.5km 21 minutes CLERICAL/ADMIN PLAZA 40 – 49 YEARS 11 12 8 22.6km 22 minutes 14 5 - 10K 1 6 5 SALES 7 9 Bethlehem Shopping Centre 23km 24 minutes 50 – 59 YEARS 10 11 6 12 FULL TIME 44% 5K OR LESS 13 12 MACHINERY/DRIVERS 6 5 60 + YEARS 22 PART TIME 15% UNEMPLOYED 6% LABOURERS 15 11 NOT IN LABOUR FORCE 35%

8 SECONDARY PRIMARY 2017 2033 2017 2033 SNAPSHOT PAPAMOA, TAURANGA’S LARGEST & FASTEST GROWING SUBURB 105,300 124,350 21% 36,800 47,550 29%

42,450 51,150 24% 14,300 18,950 33% ETHNICITY HOUSEHOLDS HOUSEHOLD INCOME % HOME OWNERSHIP

TE PUKE 100K + 21 21

70 – 100K 18 18

50 – 70K 16 15

435 340 30 – 50K 22 21 42% 2017 61,450 20 – 30K 13 14 305 170 EUROPEAN 69% SINGLE 21% FULL OR PARTLY OWNED 48% TINLINE PROPERTY 2033 MAORI 20% COUPLE 33% 20K OR LESS 11 11 NOT OWNED 35% TINLINE PROPERTY 86,550 PACIFIC 3% SINGLE w CHILDREN 14% IN FAMILY TRUST 17% ASIAN 7% TWO PARENT FAMILY 29% 2017 2033 National2X Average OTHER 1% OTHER MULTIPERSON 3% REST OF PAPAMOA TAURANGA RETAIL SPEND $M POPULATION GROWTH BUILDING CONSENTS % SUSTAINABLE GFA m2 PRIMARY CATCHMENT PRIMARY CATCHMENT GROWTH 5 YEARS TO 2016 PRIMARY CATCHMENT PRIMARY CATCHMENT Percentages represent rounding differentials to whole numbers off decimal point figures, and therefore may not always total 100%. SECONDARY CATCHMENT The percentages are reflective of appropriate splits in the demographic criterion, which in a dynamic market are constantly changing. PAGE 8 PAGE PAGE 9 PAGE STATS: Retail market assessment. Property Economics. 2017 STATS: Retail market assessment. Property Economics. 2017 >$80M ANNUAL SALES >3.5M FOOT TRAFFIC 50+ SPECIALTY STORES 16,000m2 RETAIL SPACE >$9,000 SALES PER m2 2 ANCHOR TENANTS 650 FREE CAR PARKS

Z SERVICE STATION ANCHORS HAIR / HEALTH / BEAUTY

1. The Warehouse 4a. Cutz 4 U 2. Countdown LOCATION

5. Hollywood Nails LOCATION 3 8. My Pharmacy BANKS 20. Vivo Hair and Beauty 44. Oceanblue Club 2 4 3. Postshop / Kiwibank LIFESTYLE 4a SERVICES 5 4. United Video 21. Customer Service 8. Lotto 34. Management Office 6 12. Eves Real Estate 13. 123 Mart FOOD OUTLETS 23. Flight Centre 23 ATM 24. Paper Plus 6. Robert Harris Cafe 24 39. Naked Vapour 21 10. Pizza Hut 42. Spark 11. Bobbys Fish & Chips 64. Acquisitions 8 61. Doug Jarvis Butcher 65. 2degrees 36. McDonalds 20 K01. Mister Minit 63. Double Teaspoons 10 K05. Omnitech K04 K04. Wendy’s Supa Sundaes 11 FC01. Pita Pit 16 FASHION / ACCESSORIES 25 FC02. Burger Foundry 1 15 FC04. Hot Woks 15. Dorje 12 FC05. Great Spice 13 25. Merric 26 5C06. Smile Sushi 26. Backdoor Surf K05 K02. Tank Juice 67 41. Stirling Sports 60 41 LOCATION 66 CASUAL OPPORTUNITIES 40 61 65 64 TAKE A 42 K01 2013 – CURRENT %

63 FC6 INCREASE IN FOOT TRAFFIC 72 LOOK FC5 INCREASE IN TOTAL SALES FC4 58 44 FC3 K02 36

TINLINE PROPERTY 2 TINLINE PROPERTY AROUND FC2 INCREASE IN SPECIALTY SALES PER m 25 34 37 38 39 FC1 FOOD COURT MARKET SHARE* (CURRENT) 8 OCCUPANCY RATE (CURRENT) 93

VERSION 1 JULY 2017 * of primary catchment. PAGE 11 PAGE PAGE 10 PAGE PAGE 12 TINLINE PROPERTY OPPORTUNITY STATS: Retail marketassessment.Property Economics. 2017 FUTURE FORMAT A LARGE OPPORTUNITY mix oftenants. opportunity fortherightvendors–asustainable large formatretail, andpresents asubstantial Papamoa’s primarycatchmentisprimedfor Camping andoutdoors Pet supplies accessories Clothing /footware /personal Recreational goods coverings /houseware /textiles Furniture /floor stores Electrical /department

PRIMARY CATCHMENT RETAIL SPEND$M FORMAT RETAIL (LFR); LARGE 2017 75 46% 2033 110 DEVELOPMENT FORMAT LARGE RETAIL PAPAMOA PLAZA

PAGE 13 TINLINE PROPERTY OPPORTUNITY PAGE 14 TINLINE PROPERTY OPPORTUNITY

PAGE 15 TINLINE PROPERTY OPPORTUNITY COMMUNITY

Tinline Property is deeply committed to Kiwi communities. Our investment and energy create hubs that nurture and support vibrant community activity. Whether it’s our involvement in sponsorship opportunities with schools, sporting and cultural groups, or our engagement with local retail business associations and other community organisations, Tinline is constantly leveraging the value of our investments to benefit Kiwis nationwide. COMMUNITY FLOURISHING & VIBRANT TINLINE PROPERTY PAGE 17 PAGE FOR FURTHER INFORMATION TIM RAATELAND CHIEF OPERATIONS OFFICER 03 545 8898 TINLINE 027 244 9141 PROPERTY [email protected]