Church Street, Palmerston North
THE PLAZA is Manawatu's premium shopping destination, located on the city square, in the heart of Palmerston North's CBD. The centre was redeveloped in 2010 to include a Farmers department store and JB Hi-Fi electronics store together with an expanded food and retail offer and extensive carparking.
Key property assets
| Centre type | Regional Shopping Centre |
| Date acquired | August 1993 |
| Net lettable area [sqm] | 32,453 |
| Carparks [no.] | 1,251 |
| 2011 net operating income [$m] | 13.5 |
| Valuation [$m] | 192.8 |
| Capitalisation rate [%] | 7.50 |
| 10-year internal rate of return [%] | 10.57 |
| Occupancy [%] | 100.0 |
| Weighted average lease term [years] | 5.5 |
| MAT [$m] | 188.9 |
| Information current as at | 31 Mar 2011 & 30 Sep 2011 |
Tenant diversification (by gross income)
Lease expiry profile (by gross income)
