{"id":585662,"date":"2026-08-31T07:32:09","date_gmt":"2026-08-31T07:32:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/585662\/"},"modified":"2026-08-31T07:32:09","modified_gmt":"2026-08-31T07:32:09","slug":"glenfield-mall-sold-to-australian-syndicate-for-146m-by-ross-and-dallas-pendergrast","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/585662\/","title":{"rendered":"Glenfield Mall sold to Australian syndicate for $146m by Ross and Dallas Pendergrast"},"content":{"rendered":"<p class=\"TpGGueVENmajZwYgWe\" style=\"display:none\">Ladstone Holdings indicated the mall was second only on the North Shore to Scentre Group\u2019s Westfield Albany.<\/p>\n<p><img  alt=\"Ross and Dallas Pendergrast, who in February 2026, announced their company would sell its big Glenfield shopping centre.\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>Ross and Dallas Pendergrast, who in February 2026, announced their company would sell its big Glenfield shopping centre.<\/p>\n<p class=\"TpGGueVENmajZwYgWe\" style=\"display:none\">\u201cThe second-largest shopping centre on Auckland\u2019s North Shore is to be brought to market in late March by its owners, Ross and Dallas Pendergrast of Ladstone Holdings,\u201d a statement said.<\/p>\n<p class=\"TpGGueVENmajZwYgWe\" style=\"display:none\">Ladstone\u2019s statement said the <a href=\"https:\/\/www.nzherald.co.nz\/topic\/glenfield\/\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/topic\/glenfield\/\" target=\"_blank\">Glenfield<\/a> property was in the centre of a large residential area and occupied a highly visible and accessible site. It fronts Glenfield Rd, Downing St and Bentley Ave.<\/p>\n<p class=\"TpGGueVENmajZwYgWe\" style=\"display:none\">The enclosed format, more than 1500 free car parks and the site being on the main arterial bus route were advantages.<\/p>\n<p><img  alt=\"Glenfield Mall co-owner Dallas Pendergrast. Photo \/ Jed Bradley\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>Glenfield Mall co-owner Dallas Pendergrast. Photo \/ Jed Bradley<\/p>\n<p class=\"TpGGueVENmajZwYgWe\" style=\"display:none\">The mall opened on the site in 1971 and has been substantially redeveloped over time. It is now more than 31,000sq m of gross lettable area, Ladstone said.<\/p>\n<p class=\"TpGGueVENmajZwYgWe\" style=\"display:none\">Farmers, The Warehouse, Woolworths and Briscoes are anchor tenants.<\/p>\n<p class=\"TpGGueVENmajZwYgWe\" style=\"display:none\">A joint statement from the Pendergrasts in February before the sale said the mall had been an important part of the North Shore for decades.<\/p>\n<p><img  alt=\" Inside Glenfield shopping centre on Auckland's North Shore.\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/> Inside Glenfield shopping centre on Auckland&#8217;s North Shore.<\/p>\n<p class=\"TpGGueVENmajZwYgWe\" style=\"display:none\">\u201cWe have enjoyed and are proud of the energy we have put into Glenfield Mall; however, it is now time for us to hand over to new owners as we retire.<\/p>\n<p class=\"TpGGueVENmajZwYgWe\" style=\"display:none\">\u201cWe believe the mall offers an exciting investment opportunity for future growth and value creation, supported by its strong anchor tenants and established customer base.\u201d<\/p>\n<p class=\"TpGGueVENmajZwYgWe\" style=\"display:none\">Such a sale would be a rare event, the couple said.<\/p>\n<p class=\"TpGGueVENmajZwYgWe\" style=\"display:none\">It was the largest 100% interest in an Auckland regional shopping centre offered to the market in 10 years, they said.<\/p>\n<p class=\"TpGGueVENmajZwYgWe\" style=\"display:none\"><a href=\"https:\/\/www.nzherald.co.nz\/author\/anne-gibson\/\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/author\/anne-gibson\/\" target=\"_blank\">Anne Gibson<\/a> has been the Herald\u2019s property editor for 26 years, written books and covered property extensively here and overseas.<\/p>\n<p>Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our <a href=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\">Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"Ladstone Holdings indicated the mall was second only on the North Shore to Scentre Group\u2019s Westfield Albany. Ross&hellip;\n","protected":false},"author":2,"featured_media":585663,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[97811,245831,95,16391,3952,1135,3241,138,3595,183734,25056,2082,90342,52058,1132,111,139,69,9769,167094,28650,40584,3235,288270,1262,165,61,80],"class_list":["post-585662","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-97811","tag-146m","tag-and","tag-asset","tag-aucklands","tag-australian","tag-bought","tag-business","tag-by","tag-cashing","tag-dallas","tag-for","tag-glenfield","tag-mall","tag-million","tag-new-zealand","tag-newzealand","tag-nz","tag-owners","tag-pendergrast","tag-resulting","tag-ross","tag-sold","tag-succeeding","tag-syndicate","tag-their","tag-to","tag-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/585662","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=585662"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/585662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/585663"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=585662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=585662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=585662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}