Erskine Owen's $15m North Canterbury retail punt

The Brackenfields shopping centre, Amberley. (Image: E+O)

Thu, 21 Sep 2023

Commercial real estate investment firm Erskine Owen has launched its first property syndicate into the retail market to purchase a $15 million retail development in North Canterbury that offers the last supermarket before Kaikoura along a 140-kilometre stretch of State Highway 1.The Brackenfields shopping centre in Amberley, built in 2014, has 16 stores across three buildings covering 27,000 square metres. Its anchor tenant, Countdown (Woolworths), is renting a 3,564 sqm store and has five years to run on its current lease term. ...

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