{"id":586471,"date":"2026-09-01T02:50:09","date_gmt":"2026-09-01T02:50:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/586471\/"},"modified":"2026-09-01T02:50:09","modified_gmt":"2026-09-01T02:50:09","slug":"auckland-mall-sells-for-146-million-to-australian-syndicate","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/586471\/","title":{"rendered":"Auckland mall sells for $146 million to Australian syndicate"},"content":{"rendered":"<p>Glenfield Mall on Auckland&#8217;s North Shore has been sold to an Australian syndicate for $146 million.<\/p>\n<p>Owned by Ross and Dallas Pendergrast, it has been sold to &#8220;a private Australia syndicate, marking their inaugural investment in New Zealand&#8221;, Nick Willis of JLL, who brokered the deal, said.<\/p>\n<p>&#8220;This transaction represents the largest enclosed shopping centre sale in Auckland in over a decade. It also marks only the third time since 2010 that a 100% controlling interest in an Auckland regional shopping centre has changed hands.<\/p>\n<p>&#8220;The 30,558 square metre North Shore asset, anchored by Woolworths, The Warehouse, Farmers, and Briscoes, was sold to a private Australia syndicate, marking their inaugural investment in New Zealand.&#8221;<\/p>\n<p>Earlier this year, the Pendergrasts said it was time to hand the mall over to new owners.<\/p>\n<p>They said they were proud of the energy they had put into the site.<\/p>\n<p>\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","protected":false},"excerpt":{"rendered":"Glenfield Mall on Auckland&#8217;s North Shore has been sold to an Australian syndicate for $146 million. Owned by&hellip;\n","protected":false},"author":2,"featured_media":586472,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[51,138,219,111,139,69],"class_list":["post-586471","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-auckland","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/586471","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=586471"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/586471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/586472"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=586471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=586471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=586471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}