BAYFAIR SHOPPING CENTRE NEW ZEALAND an Iconic CENTRE in a STUNNING LOCATION
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BAYFAIR SHOPPING CENTRE NEW ZEALAND AN Iconic CENTRE IN A STUNNING LOCATION Bayfair Shopping Centre is situated in the highly sought-after beachfront suburb of Mount Maunganui in Tauranga, a thriving seaside metropolis in New Zealand. Tauranga is New Zealand’s fifth largest city and the heart of one of New Zealand’s fastest growing regional economies, with the largest percentage increase in GDP contribution (2016)1. NEW ZEALAND’S HIGHEST PERFORMING RETAIL SPECIALTY Tauranga has developed into a broad based growth city with residents who demand a ‘big city’ shopping SQUARE METRE RATE2 experience with leading national and international brands and on-trend places to connect. Bayfair is the only major regional shopping centre in the $13,031 GST INC. Bay of Plenty region. It’s a sales powerhouse, punching SPECIALTY MAT/SQM3 above its weight against other shopping centres, boasting 40.8% New Zealand’s highest specialty sales per square metre2 ABOVE BENCHMARKS3 - an impressive 40.8% above benchmark3 centres. IN ONE OF Bayfair’s continuing popularity and performance combined with Tauranga’s remarkable growth means now NEW ZEALAND’S is the right time for a dramatic transformation. This development will cement Bayfair as the region’s preferred FASTEST dominant retail, lifestyle, hospitality and entertainment destination for years to come. GROWING VISION REGIONAL Join us in this development, securing your brand’s presence in one of New Zealand’s pre-eminent ECONOMIES Bayfair Shopping Centre celebrates shopping centres in one of its most thriving cities. the Bay of Plenty and the best of its coastal and urban lifestyles. The region’s year-round retail and entertainment destination, loved by a proud community. 1Stats NZ, Regional Gross Domestic Product: year end March 2016, March 2017 2Jones Lang LaSalle, Specialty Sales Data – New Zealand Shopping Centres, May 2017 3MacroPlan Dimasi, Economic Report, November 2016 Artist impression: Subject to final design. THE NEXT WAVE WE ARE ADDING: • An extra 50 specialty stores, with iconic national RIDE IT and international fashion and lifestyle brands • The Bay of Plenty’s largest cinema complex, with seven WITH US screens and seating for more than 1300, including 300 recliners Already the region’s retail • A weather-protected, integrated alfresco dining icon, Bayfair is set to build precinct anchored by a new concept bar on its current success and • A brand new 3,800m2 Countdown supermarket Tauranga’s rapidly expanding Bayfair prides itself on being New Zealand’s leader in sustainable population to develop its and accessible retail spaces and the next wave will be no different long-term vision with a with thoughtful and inclusive community facilities and services. significant development On completion in 2019, Bayfair will set to revolutionise the have approximately 150 stores. local retail experience. Will yours be one of them? Artist impression: Subject to final design. With an area of 13,440 hectares4, Tauranga’s picturesque waterside location positions it as a small, but booming, metropolis. WELCOME AUCKLAND Tauranga’s mild, sub-tropical climate means its residents and visitors enjoy 201kms, 2hrs 38min drive1 between 2,200 and 2,500 hours of sunshine a year, making it one of the sunniest 2 TO TAURANGA 1,614,400 cities in New Zealand.4 The landscape is dominated by the volcanic cone of Mauao (Mount Maunganui), BY 2031, 6 TAURANGA MEANS ‘SHELTERED WATERS’ IN MAORI THE GOLDEN TRIANGLE a postcard perfect harbour, long white beaches (the best in New Zealand) WILL LIKELY BE HOME TO and the moody Kaimai mountain ranges to the west. 53% Tauranga sits at the heart of the sunny Pacific waters OF NEW ZEALANDS 3 of the Bay of Plenty, a significant region in New Zealand’s POPULATION North Island. It is close to Auckland (New Zealand’s TAURANGA IS NEW ZEALAND’S FIFTH largest city), Hamilton and Rotorua and is a key anchor LARGEST CITY2 AND ONE OF to the increasingly-dominant ‘Golden Triangle’. THE FASTEST GROWING WITH A POPULATION THAT HAS ALMOST DOUBLED IN 152,830 4 2018 FORECAST THE LAST 20 YEARS MAIN TRADE AREA5 HAMILTON 105kms, 1hr 21min drive1 161,2002 WESTERN BAY OF ROTORUA PLENTY & TAURANGA 2 63kms, 57min drive1 176,000 70,5002 BAY OF PLENTY 282,320 293,5002 2018 FORECAST 5 TOTAL TRADE AREA 1AA Traveller, Time and Distance Calculator, www.aa.co.nz/travel 22016 Estimated Populations at as June 2016; Stats NZ, Subnational Population Estimate Tables, June 2016 3Ministry of Transport, Key Strategies and Plans - Connecting New Zealand, June 2015 4‘Tauranga City Council, Tauranga City Statistical Information Report, January 2016 5MacroPlan Dimasi, Economic Assessment, August 2017 6Trip Advisor, 2017 Travellers Choice Awards, www.tripadvisor.co.nz TAURANGA COASTAL MIGRATION COASTAL feeding the Bay ofPlenty’sboom. feeding theBay more peopletotheregion, opportunities –atrendthatcontinuestoattract businessesandemployment ofPlenty’sinfrastructure, Bay and theWestern inTauranga Recent populationgrowthacrossallageshasseenmajorexpansion growth and Tauranga’s lifestyle has proved a strong drawcard forfamilies. drawcard astrong lifestylehasproved andTauranga’s growth business hascoincidedwithstrong successofthePortTauranga The 1,2 GROWTH 2016 GROWTH NZ 2.5% ECONOMIC TAURANGA 1 4.4% 1,2 WESTERN BAY OF PLENTY 2 4.8% GROWTH 2016 GROWTH 1,2 EMPLOYMENT NZ AVERAGE ANNUAL PERCENTAGE CHANGE PERCENTAGE ANNUAL AVERAGE 2.7% TAURANGA 1 4.8% 1,2 WESTERN BAY OF PLENTY 2 5.1% GROWTH 2016 GROWTH 1,2 POPULATION NZ 2.1% TAURANGA 1 2.9% 1 Priority One, Tauranga at a Glance, March 2017 ataGlance,March Priority One,Tauranga 1,2 WESTERN BAY OF PLENTY 2 2.7% GROWTH 2016 1,2 BUSINESS UNIT BUSINESS NZ 1.6% 1 TAURANGA 4.0% 1,2 WESTERN BAY OF PLENTY 2 3.5% 2 Priority One, Western Bay at a Glance, March 2017 BayataGlance,March Priority One,Western GROWTH IN RETAIL RETAIL IN GROWTH SALES 16-17 MAR NZ 2.9% TAURANGA 7.0% 3 BAY OF PLENTY REGION 6.5% 3 Priority One, Quarterly Economic Monitor, March 2017 March Priority One,QuarterlyEconomic Monitor, $3.21b PROJECTED SPENDINGPROJECTED RETAIL 2031 IN MAIN TRADE AREA REFLECTING AVERAGE AVERAGE REFLECTING ANNUAL GROWTH OF 4.1% $5.55b TOTAL TRADE AREA REFLECTING AVERAGE AVERAGE REFLECTING ANNUAL GROWTH OF 4 MacroPlan Dimasi,EconomicAssessment,August 2017 MacroPlan 3.7% 4 a growth surge MOUNT MAUNGANUI WAS AWARDED 2017 TRAVELLERS’ CHOICE $876m $939m TOTAL TOURISM RETAIL 'BEST BEACH IN NEW ZEALAND' SPENDING WAS BY TRIP ADVISOR AND IS IN THE TOP UP 6.7%1 5 BEACHES IN THE SOUTH PACIFIC2 FROM 2016 TO 2017 A POPULAR GETAWAY SPOT FOR KIWIS, DOMESTIC TOURISM IS THE BIGGEST CONTRIBUTOR TO TOURISM RETAIL SPEND1 $213m INTENATIONAL TOURISM SPEND $9391 MILLION $725m VISITOR DOMESTIC ECONOMY ASPIRATION IS TOURISM SPEND TAURANGA IS THE LARGEST CRUISE TOUR PORT $1.45b DESTINATION IN NEW ZEALAND. ANNUALLY IN 2028, REPRESENTING A GROWTH OF $601M OR 4% OVER 80 PER ANNUM3 CRUISE SHIPS VISIT EACH SEASON, BRINGING MORE THAN 230,000 PEOPLE* TO THE REGION.4 *230,00 people consists of 160,000 passengers and 70,000 crew 1 Tourism Bay of Plenty, ‘Bay of Plenty Booms’, 31 March 2017 (Report: Ministry of Business, Innovation and Employment) 2Trip Advisor, 2017 Travellers Choice Awards, www.tripadvisor.co.nz 3Tourism Bay of Plenty, Annual Plan 2017/2018 4Tourism Bay of Plenty, Key Facts, www.bayofplentynz.com/visit/key-facts Bayfair is located between Tauranga’s two most sought-after beachfront suburbs, Mount Maunganui and Papamoa. The Mount is home to some of New Zealand’s most prestigious homes, while Papamoa is one of the largest and fastest growing suburbs in bothTauranga and New Zealand2. With 30 years of proven success, Bayfair has some of New Zealand’s most popular fashion brands, a 440 seat foodcourt and a full range of everyday conveniences and services. Bayfair’s top sales performance is balanced by its place as a conscious community leader boasting a range WELCOME of firsts for New Zealand shopping centres in sustainability, accessibility, and inclusiveness. Bayfair was the first New Zealand business to be rated platinum for accessibility. BAYFAIR WELCOMED OVER 3 The centre is easily accessible to the wider region with free parking (including a SmartGuide parking 6 MILLION TO BAYFAIR system on the ground level of the multi-deck carpark), electrical vehicle, bicycle and mobility scooter CUSTOMERS IN 2016 A city experience charging stations and the strength of the Tauranga public transport network at its doorstep. 1 in a holiday setting % 6 11.3 50 BAYFAIR IS A NATIONAL % 2, $13,031 9.9% $12,963 LEADER IN ACCESSIBILITY $1 AND SUSTAINABILITY 8.75 BAYFAIR’S MOVING ANNUAL 33.9% $7,696 27.0% TURNOVER INCREASED ) 25.1% elopment ) ev 13.9% current (post d ( E R R R AI AIR AI AI ERAG YF YF YF YF 3.7% AV BA BA 20% BENCHMARK BA BA 40.8% THE NEW ZEALAND AVERAGE THE NEW ZEALAND IN THE THREE YEARS ABOVE benchmark AVERAGE 3 TO 2016 MAT SPECIALTY SQUARE PRIMARY CUSTOMER AND MAIN TRADE AREA BAYFAIR MAIN TRADE AREA – SOCIO-DEMOGRAPHIC PROFILE5 METRE RATE4 RETAIL SPEND4 MARKET SHARE4 1Consumer Consultation Board, Direction First, 2015 2Infometrics, Regional Hotspot Report, November 2016 3AMP Capital Shopping Centres 4MacroPlan Dimasi, Economic Report, November 2016 5MacroPlan Dimasi, Economic Report, August 2017 MAUAO (’The Mount’) VOTED NZ’S BEST BEACH IN 2017 BY TRIP ADVISOR PRIMARY TRADE 1 Amongst AREA CONSUMER TRAVELLERS CHOICE AWARDS RETAIL SPEND IS 3.7% ABOVE THE NEW the action ZEALAND BENCHMARK2 CYCLE LANE (proposed by others) CRUISE SHIPS Tauranga is poised for future success, brimming with exciting (over 230,000 people per year)4 152,830 BAYFAIR 2018 FORECAST developments and major infrastructure projects - hallmarks MAIN TRADE AREA3 IS TAURANGA’S of the city’s record growth - and Bayfair Shopping Centre Mount Maunganui FLAGSHIP RETAIL is right in the middle of all the action.