Manukau Supa Centa with $150m CV on the market for first time in 18 years

Manukau Supa Centa with $150m CV on the market for first time in 18 years
The centre includes a 24-hour Kmart, one of the top-performing in Australasia. (Image: Supplied)
John Anthony
The Manukau Supa Centa, valued at $150 million by Auckland Council, is for sale for the first time in 18 years.The Auckland shopping centre, with 39,000 square metres of lettable area, is being marketed by JLL’s New Zealand and Australia retail investment teams, which describe it as “one of New Zealand’s most prominent retail assets”.It has a June 2021 CV of $150,145,000.The large-format retail (LFR) centre has a range of international and national retailers, including a 24-hour Kmart, one of the top-performing in Austra...

More Property

Private building consent body offers competition
Property

Private building consent body offers competition

The country's first independent consenting authority is targeting group builders.

Maria Slade 04 Jun 2025
Analysts eye upside in property sector as values stabilise
Property

Analysts eye upside in property sector as values stabilise

On average, listed property companies are trading at a 22% discount to NTA.

Gregor Thompson 04 Jun 2025
Stuff/TradeMe go head to head with NZME
Property

Stuff/TradeMe go head to head with NZME

The marriage of online advertising portals with news producers continues.

Pattrick Smellie 03 Jun 2025
Argosy signals succession plan
Property

Argosy signals succession plan

Argosy Property has signalled its management and governance succession plan.The listed property company told the market on Tuesday that directors Chris Gudgeon and Mike Pohio will not stand for re-election at the coming annual general meeting (AGM) in July. The firm also said tha...

Gregor Thompson 03 Jun 2025