Colliers Essentials

Commercial Bay retail hub

Auckland Retail Report | First Half 2019

Auckland retail spend ended on a high note in December recording 4% growth over the past year. All industries experienced a lift in retail spend, the largest contribution came from supermarket and grocery stores followed by food and beverage services.

There has been a rise in international retailers signing up for retail space in New Zealand over the past year, spurred on by new opportunities created from tenant relocations on Queen Street and new developments like Westfield Newmarket and Precinct Properties’ Commercial Bay.

Strong catchment fundamentals and street position remain paramount for retailer success. CBD was the only strip retail precinct to experience a drop-in vacancy rate.

Westfield Newmarket will add over 80,000sqm to Auckland’s total retail supply in late 2019 when it is expected to open with a host of new retailers. The development represents 48% of total supply currently under construction in Auckland’s main retail precincts.

MSCI’s Property Index for 4Q2018 total returns showed an annual increase of 140 basis points in the bulk retail sector, now at 10.9%. The total return for shopping centres was at 3.5%


Colliers Essentials

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Chris Dibble

Director | Research & Communications

Auckland CBD

Chris Dibble oversees the delivery of award-winning research reports, PR and Communications for Colliers International New Zealand. With over 13 years of experience and university qualifications in economics, geography, marketing and property, Chris has a  multi-disciplinary approach that assists a broad range of clients in their strategic decision making. Chris is a regular presenter and market commentator with an extensive network of media contacts to discuss the latest insights on current and future property trends. Chris also works with in-house and external writers to curate an audience-focused content delivery strategy for Colliers.

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Leroy Wolland

National Director

Auckland CBD

Leroy focuses on national retailers in the large format retail sector. He matches his clients’ new requirements with appropriate opportunities and helps in rationalising any sites surplus to their needs.

He takes a strategic role in advising private and institutional developers and landlords on project leasing options. He also actively helps Australian retailers identify strategic opportunities to launch their brands in the New Zealand market.

Leroy is committed to delivering results to his clients.

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Gareth Fraser

Auckland Director - Investment Sales

Auckland CBD

Gareth leads Colliers International's Investment Sales team. The team operates across the entire Auckland market from four strategic locations; CBD (including city fringe), South Auckland (based in Highbrook), West Auckland (based in North West Shopping Centre) and North Shore (based in Takapuna).

This is a large team of brokers and support staff focussed on providing solutions to owners, investors, developers, owner-occupiers and tenants. It features a specialised site sales team focussed on residential land and development opportunites. Investment Sales also includes the syndication division, offerring proportionate ownership opportunities to investors on behalf of clients.

Gareth is also on the Executive Team for Colliers in New Zealand.

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