• Purchased 2024
Acquired in December 2024 following an EOI process. Immediate value-add executed through new improved lease with Woolworths and the introduction of Chemist Warehouse as mini-major, achieving 100% occupancy.
West Auckland neighborhood center in an established catchment with strong daily-needs draw and excellent public transport connectivity. Anchored by Woolworths supermarket, McDonald’s drive-thru, Chemist Warehouse, Mobil service station, 2-level childcare, Medical Centre and specialty tenancies.
Ganellen Asset Plan:
• Re-Mix the specialty tenants: Including introducing national and medical tenants to replace discretionary uses
• Improved income: through the introduction of new GLA and improved operational management
• Value-add: new improved lease with Woolworths and introduction of Chemist Warehouse as mini-major, achieving 100% occupancy.