{"id":540377,"date":"2026-07-23T13:45:18","date_gmt":"2026-07-23T13:45:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/540377\/"},"modified":"2026-07-23T13:45:18","modified_gmt":"2026-07-23T13:45:18","slug":"dress-smart-auckland-site-up-for-sale","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/540377\/","title":{"rendered":"Dress Smart Auckland site up for sale"},"content":{"rendered":"<p>Shopping centre Dress Smart Auckland has been placed on the market for full freehold sale, following <a href=\"https:\/\/insideretail.co.nz\/2026\/03\/05\/dress-smart-christchurch-sold-to-oyster-property-group\/\" target=\"_blank\" rel=\"nofollow noopener\">the sale of Dress Smart Christchurch to Oyster Property Group in March<\/a>.<\/p>\n<p>Located at 151 Arthur Street in Onehunga, the retail destination was established in 1995 and occupies a 24,626sqm site.<\/p>\n<p>The multi-level facility spans 13,076sqm of gross lettable area, houses 90 tenancies, and includes 844 parking spaces.\u00a0<\/p>\n<p>Current operational metrics reflect an occupancy rate of approximately 98 per cent, generating nearly $100 million in annual retail sales.<\/p>\n<p>CBRE New Zealand and Colliers have been jointly appointed to market the 100 per cent freehold property through an international Expressions of Interest campaign closing on August 20.<\/p>\n<p>The tenant mix features international brand outlets, including Adidas, Puma, Tommy Hilfiger, Calvin Klein, Under Armour, New Balance, and Coach.\u00a0<\/p>\n<p>Recent capital works at the site have focused on upgrading public amenities and building finishes to reduce short-term maintenance demands.<\/p>\n<p>The property is designated under the Business \u2013 Town Centre Zone of the Auckland Unitary Plan, allowing for future expansion or mixed-use development.<\/p>\n<p>The retail trade catchment encompasses an estimated 1.7 million residents within the broader region, supported by transport infrastructure including access to State Highway 20 and nearby public transit lines.<\/p>\n<p>\u201cDress Smart Auckland represents a scarce opportunity for prospective purchasers to acquire an established retail presence in a high-growth location,\u201d said Richard Kirke, MD at Colliers.<\/p>\n<p>\u201cRetail assets are currently sought-after in the commercial property sector with buyers drawn to their underlying investment fundamentals and income growth expectations.\u201d<\/p>\n<p>In March, Oyster Property Group acquired Dress Smart Christchurch in a 50\/50 joint venture with an entity associated with the William Pears Group.<\/p>\n","protected":false},"excerpt":{"rendered":"Shopping centre Dress Smart Auckland has been placed on the market for full freehold sale, following the sale&hellip;\n","protected":false},"author":2,"featured_media":540378,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[266113,266114,111,43,139,69],"class_list":["post-540377","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-dress-smart","tag-dress-smart-auckland","tag-new-zealand","tag-news","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/540377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=540377"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/540377\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/540378"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=540377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=540377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=540377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}