A premier commercial development opportunity

Transcription

1 A premier commercial development opportunity

2 Introducing Lakewood Envisaged to become the regional destination of choice for shopping and pleasure, Lakewood offers a unique boutique experience showcasing the best of Cambridge s renowned heritage character and Lake Te Ko Utu s natural beauty. The mixed-use development offers a unique combination of waterfront shopping, spacious public areas nestled into the woods, boutique retail offerings, convenient services and entertainment experiences to capture the imagination. Attractively designed but practical, this all-encompassing shopping environment is forecast to generate superior shopper visitation and dwell-times that is anticipated to translate into higher revenues for retailers.

3 Introducing Lakewood

4 LOCATION A convenient shopping destination mere metres away from Cambridge town centre. Cambridge - The Home of Champions 25 minutes to Hamilton and Tirau Easy access to State Highway Regional destination / travel route 18 minutes to Hamilton Airport

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6 KEY ECONOMIC FINDINGS Comprehensively assessed by leading economic demographers Property Economics, a significant quantum of shopping leakage was identified as being spent outside of the Cambridge catchment due to a clear lack of offerings that satisfy demand.

7 Key findings: Cambridge residents spend on average 57% of their total shopping outside of Cambridge 32,109m 2 existing retail GFA in Cambridge / 42,000m 2 required 65% retail leakage in the Large Format Retail sector 85% retail leakage in the Fashion sector (clothing, footwear, personal accessories) 80% retail leakage in Recreational Goods sector 84% retail leakage in Furniture/Textiles sector 65% retail leakage in the Food and Beverage Services sector Insufficient retail GFA to accommodate local and visitor retail demand 26,000 residents in catchment with 34% of households earning over $100,000pa Strong residential market demand indicative of accommodation growth prospects Fragmented LFR and historical lack of new retail offerings in Cambridge has pent-up demand Total retail expenditure forecast to grow 34.7% between 2015 and 2033 Retail leakage refers to residents shopping being spent outside of Cambridge catchment

8 Figure 1: Core Market Population and Household Forecasts Net Growth Population 26,030 27,078 28,215 29,291 30,296 4,267 Households 9,988 10,498 11,117 11,727 12,238 2,250 Household Size Population Growth (p.a.) % 0.83% 0.75% 0.68% 16.39% Household Growth (p.a.) % 1.15% 1.07% 0.86% 22.53% Source: Property Economics, Statistics NZ Figure 2: Core Market Origin and Destination of Spending by Sector Clothing, footwear and personal accessories retailing Department stores Electrical and electronic goods Food and beverage services Furniture, floor coverings, houseware, textiles Other food and liquor retailing Pharmaceutical and other store-based retailing Recreational goods retailing Supermarket retailing Total Retention Leakage Inflow Source: Property Economics, Marketview

9 Figure 3: Cambridge Town Centre Total Retail Opportunity GFA Demand (sqm) Net Growth Locally Sustainable 32,109 33,792 36,670 39,764 43,195 11,086 Sustainable Inflow 9,954 10,476 11,368 12,327 13,390 3,437 Total Opportunity 42,063 44,268 48,037 52,091 56,585 14,522 Source: Property Economics Figure 4: Cambridge Town Centre Total Retail Composition September 2015 Supermarket retailing GFA % Food retailing Clothing, footwear and personal accessories retailing Furniture, floor coverings, houseware and textile goods retailing Electrical and electronic goods retailing Pharmaceutical and personal care good retailing Department stores STORE % Recreational goods retailing Other goods retailing Food and beverage services Vacant Source: Property Economics

10 MASTERPLAN A destination for shopping, entertainment, and fresh-air - Food & Beverage hospitality precinct - Large format retail - Office options available - Street level retail and townhouses - Medical centre with associated office above - Motel accomodation

11 MASTERPLAN EXISTING DRIPLINE BLOCK C 183 m2 100 m2 200 m² BLOCK D 110 m² 153 m² 150 m² 153 m² TOWNHOUSE SITE 5018m² m² LOBBY TO HOTEL CHILDCARE SITE 2360m² BLOCK B VTNZ SCULPTURAL OR GREEN WALL 150 m² m² 80 m² 151 m² m² 180 m² PRIDE & JOY 10 m² m² CARPARKS CHILDCARE INDOOR 500m² CHILDCARE OUTDOOR 500m² RUB UP 105 m² AMBULANCE CINEMA m² 100 m² BLOCK F 200 m² 146 m² 146 m² 435 m² 213 m² 168 m² 285 m² 219 m² BLOCK E 93 m² EASEMENT ROW BUNNINGS NISSAN CAR DEALERSHIP McDONALDS PARKING McDONALDS LEGEND: MOT SIGNED Q U E E N S T R E E T ( S H 1 ) VACANT LOBBIES FOR FLOORS ABOVE 2 A1305 LEASING TRACKER PLAN A3 SCALE1 : 1100 NOTE: SITE DIMENSIONS AND BOUNDARY LINES ARE INDICATIVE ONLY Drawing Title LEASING PLAN PROJECT NAME CAMBRIDGE LAKEFRONT 36 LAKE STREET, WAIPA SCALE 1 : 1100@A3 Project Number Designed Designer Drawing Number Size Drawn A1015 Author Project Commenced Rev Checked Checker Rev Description By Date FOR INFORMATION GENERAL NOTES: 1 Do not scale off drawings. 2 Contractor shall verify and be responsible for all dimensions on site. 3 Architects to be notified of any variation between site dimensions and those on plans. 4 All drawings to be printed in colour for all information to be shown. 5 Refer to Cover Sheet and Drawing Conventions Sheet for general notes, keynotes, drawing conventions and abreviations. All rights reserved. This work remains the property of IGNITE Architects Ltd and cannot be reproduced or copied in whole or in part by any means without the wrtten permission of IGNITE Architects Ltd. Any licence express or implied to the terms of the use this document for any purpose whatsoever is restricted to the terms of the written agreement between IGNITE Architects Ltd and the instructing party. IGNITE Architects Limited 1 Pakenham Street East, Auckland 1010 PO BOX 91 Victoria Street West, Auckland 1142 t e office@ignitearchitects.com w

12 LAKEWOOD STABLES Food & Beverage FINE WINE, FOOD AND ENTERTAINMENT IN A PICTURESQUE SETTING

13 FOR LEASE The heart of Lakewood, the Stables have been designed to showcase the best Cambridge has to offer. Vaulted ceilings, large open spaces and boutique detailing all add to a truly unique experience. Opening directly onto the public seating area that overlooks Lake Te Ko Utu, this high profile building is also visible from SH1/Queen St. Key features of the Lakewood Stables: Options available High profile Overlooking lake High stud vaulted ceiling North facing Large public decks Focal point of Lakewood

14 LAKEWOOD PAVILIONS Food & Beverage / Retail MODERN RETAIL OPTIONS BALANCED BY HERITAGE CHARACTER DESIGN

15 FOR LEASE An attractive mixture of business and pleasure, the Pavilions provide premium tenancy options with architecturally designed apartments above. Retailers will benefit from centrally located, premium high-stud tenancies in a high-foot traffic environment that open directly onto the public seating area. With outlooks to both SH1/Queen St and Lake Te Ko Utu these tenancies will be highly sought after. Key features of the Lakewood Pavilions: Retail and apartments available Flexible tenancy sizes Overlooking lake Convenient shopping North/South facing Large public decks Heart of Lakewood

16 LAKEWOOD BARNS Large Format Retail MODERN LARGE FORMAT RETAIL OPTIONS IN A VALUE-ADDED SHOPPING ENVIRONMENT

17 FOR LEASE Lakewood Barns provides for Large Format retailers looking for a boutique setting that compliments their brands. Designed to provide a consolidated LFR environment and critical mass to address Cambridge s fragmented market, the Barns feature flexible tenancy sizes, high-stud tenancies, convenient parking and an unrivalled consolidated development designed to attract a larger volume of shoppers than achievable in a standalone store. Key features of the Lakewood Barns: LFR available Flexible tenancy sizes Convenient shopping High profile Critical mass of LFR New offerings to Cambridge High-stud

18 LAKEWOOD Office ELEVATED PREMIUM OFFICE SPACE OVERLOOKING LAKE TE KO UTU

19 Key features of Lakewood Office: FOR LEASE Set in a premium location overlooking the lake, elevated office tenancies are available for businesses seeking modern, high-quality and flexible premises in Cambridge. With modern office space at a premium in Cambridge, Lakewood is anticipated to attract a wide range of local and non-local businesses to this all encompassing environment to realise the benefit of a waterfront outlook, vibrant surrounds and convenient location. Office options available Overlooking lake Flexible tenancy sizes High-stud Modern amenities New offering for Cambridge Attractive modern design

20 LAKEWOOD LOCAL AREA ATTRACTIONS Strategically placed, Lakewood delivers upon Cambridge s renowned heritage character appeal, boutique retail experiences and existing regional attractions.

21 WHAT S NEARBY: Avantidrome - Internationally recognised cycling facility and bike park Lake Karapiro and Waikato River Walking and cycleways Lake Te Ko Utu reserve and walking tracks Hobbiton Heritage character town Primary industry 30 minutes from Hamilton and Tirau

22 CONTACT Alan Pracy Director Sales & Leasing T: M: E: alan.pracy@colliers.com Mark Brunton Director Sales & Leasing T: M: E: mark.brunton@colliers.com LOOKING FORWARD TO YOUR CALL

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