The 18,000 square-metre expansion is expected to be completed in 2020 for what is already one of our largest shopping centres. The area will house a two-story Farmers department store, around 60 new speciality retailers, and a new dining concept to go along with the completed Grove dinning lane found on ground level.
Linda Trainer, Kiwi Property’s GM Retail, said “we have had such an incredible response to this project from both domestic and international retailers who want to be part of the Sylvia Park evolution.”
“Our leasing team is currently negotiating with retailers to deliver what our customers want, and we look forward to sharing, in the near future, some of the great brands that will join our Sylvia Park family.
“What shoppers can expect from the Sylvia Park evolution is a range of outstanding domestic and international retailers and some new to New Zealand brands and concept stores as well,” said Trainer.
A new fly through video of the area shows the new extension, as well a sneak peak inside at new, light open spaces for more tenancies.
This year, Kiwi Property will complete a 600 space centrally located multi-storey carpark adding further customer amenity to the centre for our customers, as well as the new $80 million office tower, No.1 Sylvia Park, that will bring over 1,000 workers and customers to the site.
The new expansion will be found on the second level, with new 5000 new carpark spaces created on multiple levels to support the new expected traffic.
On completion of the $223 million Galleria expansion, the projected value of Sylvia Park has been assessed by independent valuer CBRE at $1.12 billion.