Garry Carter owns all the shares in the company, whose lawyer is Russell McVeagh of The Vero Centre on Shortland St.
Inside Glenfield shopping centre on Auckland’s North Shore.
Carter has a track record of buying shopping centres.
In 2021, Australian media reported Carter’s Metro Diversified buying Homebase Wagga retail centre in regional New South Wales.
In 2019, Metro was reported buying the Blaxland Home Centre, Campbelltown, Greater Western Sydney for A$47.5m.
Asked if he had bought Glenfield, Garry Carter told the Herald yesterday that he could not discuss anything due to a non-disclosure clause in an agreement.
In an exclusive paywalled article a week ago, Australia’s Green Street News of Melbourne said: “Australian syndicate crosses the ditch to buy one of Auckland’s largest malls” and that said Carter led the syndicate to buy it.
Carter is a high-flyer from the 1980s and 1990s who was once named Business Review Weekly’s property businessman of the year in 1985.
However, he was sentenced to four years in prison in 1995 after he pleaded guilty to three counts of improperly using his position as a director of ATS Resources (later renamed Entity Group) to gain an advantage for himself and companies associated with him.
Those close to the deal say the syndicate plans to keep Glenfield as it is, with its strong tenancy mix and low vacancy.
Glenfield shopping centre on Auckland’s North Shore.
However, in the longer term, Metro may look to expand the popular centre.
Nick Willis, executive director of agency JLL Australia and New Zealand, said on August 31 that the mall on a 4.5ha site had sold after an exclusive international expression of interest campaign.
He did not say who had bought it.
More than half of the bids came from overseas, a sign of capital demand for good retail property in New Zealand, he said.
In February, the Herald reported the mall was for sale.
Ross and Dallas Pendergrast, who in February 2026, announced their company would sell its big Glenfield shopping centre.
The Pendergrasts said they would sell their company’s property, valued by the Auckland Council at $130m.
Ladstone Holdings indicated the mall was second only on the North Shore to Scentre Group’s Westfield Albany.
Asked this week what the couple planned to do with the $146m, Dallas Pendergrast said: “Nothing until after the election and by then we might have got used to it just sitting in the bank”.
Asked if Ladstone had sold to the Carter-led syndicate, Pendergrast said yesterday: “We’re still under confidentiality”.
Anne Gibson has been the Herald’s property editor for 26 years, written books and covered property extensively here and overseas.
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