Bayfair Shopping Centre’s $115 million development has been given the green light with today marking the official start of construction.
The development, which will be officially launched today at a ground-breaking and blessing ceremony, will present a new-look retail offer with 50 specialty stores, including a strong fashion mix new to the region, an alfresco dining precinct, the Bay of Plenty’s largest cinema complex with seven screens and more than 1,300 seats, and a new Countdown supermarket.
The investment in the development at Bayfair represents a significant measure of confidence in the centre, the Bay of Plenty region and the development and management teams at AMP Capital Shopping Centres.
Bayfair serves an important role in the wider community as a major shopping destination in the region, which is experiencing significant economic and population growth and huge seasonal surges in tourism. As the region grows, we want to grow with it, and the development is part of future-proofing for that growth - says Bayfair Centre Manager Steve Ellingford.
The vision for Bayfair is to be the region’s year-round retail and entertainment destination, loved by a proud community. With entertainment being a key component of this vision, Bayfair is proud to announce new additions to the centre including United Cinemas, international craft beer gastropub, Little Creatures, and Cleaver & Co bar and restaurant.
United Cinemas is an Australian-owned, award-winning chain of cinemas, owned and operated by the Mustaca Family. The Mustaca Family has been in the cinema business since 1987 and has acquired and built eight cinema complexes, with a total of 46 theatres, across Australia. Bayfair will be its first New Zealand cinema complex with seven screens and United’s “Grand Theatre” set to house the largest screen and Dolby Atmos Digital Sound offering in the region.
United Cinemas Australia chairman Roy Mustaca says Bayfair was an appealing choice because the centre is set to offer one of the most compelling fashion, lifestyle and entertainment experiences in the country.
"We want to be a part of the transformation and offer the people of the Bay of Plenty region an exceptional cinema experience. Each cinema will feature plush stadium seating, 300 electric grand recliners and our a la carte in theatre dining menu delivering quality food and beverage to patrons’ seats. With the latest projection and 360-degree Dolby Atmos sound, the cinema will deliver a world class movie experience."
Australian craft beer brewer Little Creatures will be another first for the Bay of Plenty. It is scheduled to open in December 2018 in the centre’s new alfresco dining precinct and off the back of its first New Zealand opening at Catalina Bay in Hobsonville, Auckland.
A mecca for craft beer enthusiasts, the venue will offer the well-known and loved Little Creatures beers, alongside other quality beers from New Zealand and overseas. Not just for beer lovers, the venue will have a great range of food and wine and is designed to be enjoyed from morning coffee through to dinner and drinks.
Although not new to the centre, Countdown will be sporting a brand-new look, relocating from its existing location to a newly built supermarket at the Harris and Carter Streets end of the centre.
Countdown's General Manager Property, Adrian Walker, says Countdown is excited to be bringing a modern new look to Bayfair Shopping Centre.
“The new Countdown will have some fantastic new features for the community including fresh, new look produce, deli and seafood departments.
"We have a strategy across all our stores to reduce our environmental footprint, and the new Bayfair store will have a focus on next generation energy and reducing carbon emissions, to support our target to reduce our carbon emissions to 10 per cent below our 2015 levels by 2020,” says Mr Walker.
"As part of our commitment to be single-use plastic carrier bag free by the end of 2018, the new Countdown Bayfair will open being single-use plastic carrier bag free."
Today’s ceremony will commence with a welcome by Bayfair Centre Manager, Steve Ellingford, followed by a blessing of the site, words from AMP Capital Shopping Centre Managing Director, Mark Kirkland, and a turning of the first sod.
Speaking of the development, Tauranga Mayor, Greg Brownless, says: I want to congratulate the team of AMP Capital and the owners of Bayfair Shopping Centre on the successful launch of the first stage of this significant development. It really marks a major milestone for Tauranga as this project reflects the growth and changing needs and demographics of our city.
- A development programme which includes stages opening pre-Christmas 2018 and completing Q3 2019.
- The centre’s overall footprint is expected to expand by 9,000 square metres (sqm) to a total of 42,000 sqm.
- Approximately 50 specialty stores, including a strong fashion mix new to the centre and the region.
- 1,820 car spaces, (an additional 200 spaces).
- Cycle parking.
- New concept Countdown supermarket.
- The Bay of Plenty’s largest cinema complex with seven screens, more than 1,300 seats and Dolby Atmos sound system.
- Integrated alfresco dining precinct to complement the nearby cinema complex, with up to seven restaurants and casual food eateries including licensed operators.
- Modern family facilities, including a quiet room for children with sensory processing disorders such as autism.
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About Bayfair Shopping Centre
More than 90 of the Bay’s best stores are conveniently located under one roof, with seven-day opening and two late nights to accommodate busy lifestyles. Large-format stores include Farmers, K-Mart, Countdown and Woolworths. Bayfair provides a full range of services for customers, including parents’ room, wheelchairs, strollers and kiddy karts and a 440-seat food court. Bayfair also has free interior and exterior parking for over 1,600 vehicles; with a SmartGuide parking system on the ground level of the covered carpark to assist shoppers find available parking spaces. Electric vehicle and mobility scooter charging stations are also available for customers.
Bayfair is committed to the local environment and community and is a strong supporter of the Young Innovators Awards and the Enviro Challenge, supporting environmental education and innovation within the region. The centre is rated Platinum for accessibility by the Be. Institute.
This article has been prepared to provide general information and does not constitute 'financial advice' for the purposes of the Financial Advisors Act 2008 (Act). An individual investor should, before making any investment decisions, consider the information available in the relevant Product Disclosure Statement and seek professional advice. While every care has been taken in the preparation of this document, AMP Capital Investors (New Zealand) Limited and the AMP Group (together, 'AMP') make no guarantee that the information supplied is accurate, complete or timely and do not make any warranties or representations in respect of results gained from its use. The information is not intended to infer that current or past returns are indicative of future returns. The views expressed are those of the author and do not necessarily reflect those of AMP. These views are subject to change depending on market conditions and other factors.