2019-0419 - Kapiti Landing IM_r9

Colliers International NZ Limited has been exclusively
appointed by Templeton Retail to obtain Expressions of Interest
for the existing retail properties and future development
sites within Kāpiti Landing Retail.
INTRODUCTION
Kāpiti Landing Retail is situated at the gateway to the Kāpiti
region in an area set to experience continued and significant
growth from substantial public sector infrastructure investment
and private sector development. Recognising this potential,
some of the country’s best-known retailers have selected
Kāpiti Landing for their network expansion. The retail centre
includes 6 individual existing properties with 11 tenancies.
The retail components of Kāpiti Landing are marketed in
two stages. The first stage is comprised of the existing
retail properties in 6 freehold parcels available individually,
collectively or any combination. The second stage comprises
three vacant future development parcels, providing the
opportunity to either work with the owner in a structured
joint ventured arrangement to deliver and purchase future
retail developments or to purchase future retail developments
on completion.
Alternative structures will also be considered as part of this
EOI process, including interest on both stages together
involving the immediate purchase of all Stage One parcels
and commitment by way of a development agreement or
joint venture to purchase all future development. In Stage
Two, several high-profile tenants are already in discussion
with the owner regarding new premises options.