MIXED-USE

Sylvia Park Precinct

Live, work, shop, and play – Sylvia Park is transforming into a world-class mixed-use precinct, bringing people together in one outstanding location. It offers extensive large format and specialty retail, commercial office space; and from mid-2024, residential apartments.

Overview

A trailblazing mixed-use community

The Sylvia Park Precinct is a flagship in our mixed-use vision. Already home to New Zealand’s favourite shopping centre, generating $890 million in sales in 2023, over recent years it has evolved into a truly connected community.

The precinct features a growing commercial hub anchored by office buildings, ANZ Raranaga and 3 Te Kehu Way, and is set to take another exciting step forward from May 2024, with the opening of a 295-apartment build-to-rent residential development. With its outstanding blend of retail, dining, entertainment and work options, and easy train, bus and car access, Sylvia Park is a destination for everyone.

The Precinct

Sylvia Park - greater than the sum of its parts

Sylvia Park Shopping Centre

New Zealand's largest shopping destination with well over 200 retailers.

Sylvia Park Lifestyle

Large-format lifestyle retail shopping in a prime location with outstanding exposure.

3 Te Kehu Way

Premium medical and office space sustainably designed and offering layout flexibility.

ANZ Raranga

Award-winning office space that delivers connection and community on the doorstep.

Sustainability

Enhancing environmental performance

We’re on a mission to make Sylvia Park one of the most sustainable mixed-use centres in the country. That includes expanding the site’s rooftop solar array to power over half of the shopping centre’s common areas with renewable energy. And we’ve introduced comprehensive food waste systems and our own on-site composting facility. There’s still work to do, but we’re playing our part to create a brighter, greener, future for Aotearoa New Zealand.

location

286 Mount Wellington Highway, Auckland

Sylvia Park features seamless accessibility from all main arterial motorway routes and four easy access entrances off Mt Wellington Highway, Carbine Road and Waipuna Road.

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Property overview

Centre type	Regional mixed-use
Ownership interest	100%
Date completed	2007
Last redeveloped	2023
Net lettable area	177,978 sqm
Tenants	275
Carparks	4,897

Key metrics

Valuation	$1,510m
Capitalisation rate	5.75%
10-year internal rate of return	7.94%
Net operating income	$73.3m
Occupancy	99.9%
Weighted average lease expiry	3.8 years
Annual sales	$889.4m

Image gallery

Sylvia Park Precinct

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Get in touch

Leasing enquiries

To learn more about the range of leasing opportunities available at the Sylvia Park Precinct please get in touch. We look forward to hearing from you.

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