Bay of Plenty Business News June/July 2019

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Don’t hibernate – come to Trustpower Baypark With the cold weather setting in around the Bay of Plenty there’s no reason to bunker down at home with the heater. Head on down to Baypark where there’s plenty to keep you and the family entertained. The 29th annual Bay of Plenty ExportNZ Awards recognise the innovative, the brave and the successful, bringing the export community together showcasing amazing local export stories which we should all be proud of! This year the event will be held on Friday 21 June with a glamorous Old Hollywood/Oscars theme. Make sure you buy your tickets now before they sell out! The annual Bay of Plenty Pet & Animal Expo has plenty to keep even the fussiest pet lover satisfied. See all the entertainment and demo’s in the Performance Arena including the Dog and Duck Herding Super-Show with former Dog Blacks Champion Ken White. If you are an animal lover then don’t miss out on this event on Saturday 22 – Sunday 23 June. David Niethe is New Zealand’s Leading Mental Performance Coach and will be in Tauranga on Friday 28 June. Dave will entertain, excite and empower. He is known for his high energy and exhilarating on stage presence and has a reputation for connecting with a crowd and delivering an inspiring message. He specialises in Mental Performance and Getting aMental Edge. The Seriously Good Food Show is proud to bring back The Landing Food Truck Hub on the 29 and 30 of June 2019. This two day event features over 150 exhibitors sharing the latest in innovative products, acclaimed chefs sharing their secrets and delectable food and wine tastings. Visit the vibrant Live Cooking Theatre and laugh along to our Funny Food Sessions. See comedian Ben Hurley as he tries to keep up with our chef Peter Blakeway in the Cookalong at 11am, 1pm and 3pm daily, and catch a hilarious appearance from the Topp Twins at 2.15pm each day. The Rotax MAX Challenge (RMC) 2019 is coming to satisfy speed-seekers on 26 and 27 July 2019. RMC is a motor sport race formula for race karts. On a national level, authorised distributors of Rotax kart products offer their customers a national RMC program. More than 7,500 active Rotax MAX drivers are in the RMC program and further 7,500 kart racers follow the basic rules of the RMC. Bring the family along for an actionpacked weekend. Good Vibes coming Top NZ Bands are bringing the Good Vibes across New Zealand. This is a guaranteed good time and vibe for a warm-up party on 27 July. Presented by Mai FM and Pato Entertainment, the Good Vibes Winter Tour will feature some of Aotearoa’s most-loved acts, including Katchafire, L.A.B, Tomorrow People and 1814, alongside international acts Josh Wawa, LaTasha Lee, and local rising star, Lion Rezz. Teen sensation, General Fiyah and international reggae stars will also take part. Based in the heart of Tauranga, the Bay Twisters is the only non-profit cheerleading club with USASF Coaches in New Zealand. In 2016, Bay Twisters hosted the first cheer competition in the Bay of Plenty, the event proved extremely popular and in 2017 Bay Twisters hosted Battle in the Bay once again. In 2017 the dance section was added and the event almost doubled in size. We had local and international celebrities, TV appearances and a Guinness World Record attempt to name some of the excitement. Once again the event grew in 2018, and 2019 is anticipated to be bigger and better than ever before. Online registrations are now open. Are you tough enough to take on the one-day Junior Tough Guy and Gal Challenge? New for 2019, Tauranga will host the Junior Tough Guy and Gal series on 13 & 14 August. This is a chance for primary and intermediate aged kids to get involved in New Zealand’s biggest mud run series in a version tailored especially for them. The Junior Tough Guy and Gal Challenge will include many of the same amazing perks along with all competitors receiving a stunning finisher’s medal, Hell Pizza voucher and the chance to experience the challenging obstacles, incredible venues, hot showers and spot prizes. Rockshop Bandquest is a platform for the next generation of contemporary musicians to step out and perform in a supportive and encouraging competition format, with a focus on education, inspiration, and entertainment. The idea behind Rockshop Bandquest is to encourage Primary and Intermediate aged kids onto the stage, teaching them performance skills and the importance of teamwork. Add 15 August to your calendar so you don’t miss out. Once again one of the largest Women’s only fundraising events in New Zealand is back on in 2019. A day full of entertainment, fine dining, a few drinks and some inspirational speakers on 16 August. All while raising much needed funds for Two local charities – Tauranga Women’s Refuge and WBOP Blue Light Youth Driver Navigator Programme. This year the MC is the Vivacious Jackie Clarke and the guest speaker is the talented Tina Cross. Together these women will ensure that you’re entertained for the entire event. For more information on any events, enquiries for Baypark venues, BayStation activities or service on/off site from BayCatering, BayAudioVisual visit www.trustpowerbaypark.co.nz, email events@bayvenues.co.nz or call 07 577 8560.
BAY OF PLENTY BUSINESS NEWS June/July 2019 21 Hitting the location bullseye to boost sales targets Analysis from Bayleys Research paints a national picture of strong demand and a solid outlook for retail property across New Zealand and this has flow-on effects to both owners and tenants. While some parts of New Zealand still have numerous “for lease” signs displayed on store frontages, retailers in the main centres looking to back themselves in an increasingly-tough sector can be challenged when it comes to finding a building that fulfils all of the criteria on their wish lists. Location for retail is key in order to hit sales targets and operate efficiently and profitably. As the retail sector continues to evolve on the back of smarter e-commerce portals, securing a bricks-and-mortar retail presence with “legs” is important and businesses looking to be ahead of the pack should talk to Bayleys’ experienced retail teams in the region and across the country for all the relevant intel. The latest Retail NZ Retail Radar survey indicates half of retailers didn't hit their sales targets for the period monitored. And smaller businesses particularly, are facing hurdles, according to Greg Harford, Retail NZ's general manager for public affairs. “Retailers face substantial pressures in rents, wages, and insurances, the decline in the value of the dollar will mean imported goods cost more over the coming months and these cost pressures are compounded by the highly competitive retail environment.” Bayleys Research says a strong regional economy and growing demand driven by ongoing high migration underpin a solid outlook for Auckland’s retail property sector. The latest Auckland retail vacancy survey showed overall vacancy at 5.1 percent, holding at similar low levels to those of the past few years. Strip retail and mall vacancies remained relatively steady at 6.3 percent and 3.4 percent respectively, with a slight increase in bulk retail vacancies to 7.4 percent from 6.5 percent a year earlier. West Auckland was the only area to see vacancies rise and Bayleys Research manager Ian Little says much of this vacancy relates to new bulk retail stock built in the emerging Westgate retail precinct. “We expect most of this new space to lease up over the coming year as new subdivision activity increases in the immediate catchment area.” Major Auckland-wide projects include prime CBD retail at Commercial Bay; expansion at Sylvia Park; redevelopment and upgrades of Westfield centres in Newmarket, St Lukes and Albany; the second stage of Westgate’s NorthWest Shopping Centre, and town centre developments at Botany, Drury and Ormiston. Bayleys Research’s latest Wellington retail vacancy survey showed that vacancies generally remain tight across all the retail regions surveyed with the greater Wellington overall retail vacancy rate at 9.5 percent from 11 percent a year earlier. Johnsonville, Lower Hutt and Porirua all recorded further falls while Paraparaumu, Petone and Upper Hutt saw vacancies rise marginally. CBD core vacancies also lifted to 7.1 percent from 6.3 percent a year earlier. Ian Little says ongoing post-earthquake rebuilding and strengthening, as well as new builds, have seen a steady stream of new retail offerings coming onto the market, which is adding extra vibrancy and interest in Wellington’s CBD. Meanwhile in Christchurch, the development of new retail amenities and the revitalisation of existing facilities, are giving choice to retailers. Suburban retail development is also expanding options, according to Little. “Retail development is not limited to the CBD as with changes in shopping habits and competition from the CBD rebuild, a number of mall owners have looked to upgrade and refurbish.” https://www.bayleys.co.nz/ workplace/articles At Bayleys, we believe relationships are what businesses are built on and how they succeed. We understand that to maximise the return on your property you need: Professional property management A business partner that understands your views and goals Contact the Bayleys Tauranga Commercial Property Management team today. Bayleys Tauranga Commercial Property Management 07 579 0609 jan.cooney@bayleystauranga.co.nz SUCCESS REALTY LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008 ALTOGETHER BETTER Residential / Commercial / Rural / Property Services
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Bay of Plenty Business News June/July 2019

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