Sylvia Park opens the doors on new Level 1 expansion

NZX RELEASE
15 October 2020
Sylvia Park opens the doors on its new Level 1
expansion


Kiwi Property opened the $277 million Sylvia Park Level 1 expansion this morning,
featuring more than 50 exciting new local and international stores.
Sylvia Park now features 10 of New Zealand’s 11 favourite retailers
1
, more than 250
stores and over 5,000 carparks, the most of any shopping centre in the country.
Spanning over 20,000 square metres, Level 1 blends outstanding shopping and
entertainment, including The Terrace at Sylvia Park dining precinct and a new 8,000
square metre Farmers flagship store.
Level 1 will open with all retail space committed, marking an important milestone for
New Zealand’s retail sector, following the challenges of COVID-19. The strong opening
highlights Sylvia Park’s resilience and the strength of retailers’ continued confidence in
the shopping centre.
“We’re delighted to open Level 1 today and are looking forward to people having the
chance to experience this fantastic new retail precinct for themselves. COVID-19
created challenges no one could have predicted, but together with our retailers we’ve
delivered a shopping destination we’re incredibly proud of and which customers will
enjoy,” says Kiwi Property CEO Clive Mackenzie.
While the vast majority of Level 1’s stores will open today, some tenants will be delayed
slightly, due to COVID-19.
“The pandemic has caused headwinds for our larger offshore retailers, due to issues
getting stock, fit outs and key personnel to New Zealand. As a result, some of these
brands will open progressively over the coming weeks, but we’re confident they’ll be
worth the wait,” added Mackenzie.
The stores featuring at Level 1 include: H&M, Sephora, Levi’s, Mecca, Superdry, North
Beach, AS Colour, Connor, General Pants, Under Armour, Farmers, Sunglass Hut, Mi
Piaci, Body Shop, Bendon, Robin Pierre, Redcurrent, Origani, Nespresso, Pandora, Ecco,
Stirling Women, Hannahs, BNT, Johnny Bigg, Strandbags, Booksmart, Identity, Endless
Summer, Merric, Allure Beauty, Postie, Yoyoso, Fans Massage, Vivo, San Michelle, Lovely
by Skin Institute, Luxury Nails, YD, Lentes & Marcos Madrid, Maher Shoes and The
Grooming Cave.
The Terrace at Sylvia Park features: Hello Mister, Wu Cha, Biang Biang, Eat Indian,
Daruma Sushi Train, Majestic Tea Bar, Poke House, Master Bao and Hong Kong Station,
as well as Filly and Aroy Thai downstairs.

ENDS

2

NOTES
1. NZ’s top retailers survey, September 2020, Colmar Brunton. The 11 favourite retailers are:
Farmers; Kmart; The Warehouse; Kathmandu; Rebel Sport; Torpedo7; Hallenstein
Brothers; Macpac; Zara; H&M and Country Road.

Contact us for further information
Campbell Hodgetts
Communications and Investor Relations Lead
campbell.hodgetts@kp.co.nz; +64 27 5634985

About us
Kiwi Property (NZX: KPG) is one of the largest listed property companies on the New Zealand Stock
Exchange and is a member of the S&P/NZX 20 Index. We’ve been around for over 25 years and
proudly own, and manage a significant real estate portfolio, comprising some of New Zealand’s
best mixed-use, retail and office buildings. Our objective is to provide investors with a reliable
investment in New Zealand property through the ownership and active management of a
diversified, high-quality portfolio. S&P Global Ratings has assigned Kiwi Property an issuer credit
rating of BBB (stable) and an issue credit rating of BBB+ for each of its fixed rate senior secured
bonds. Kiwi Property is the highest rated New Zealand company within CDP (Carbon Disclosure
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Agents Act 2008. To find out more, visit our website kp.co.nz