Leasing momentum at Dress Smart Onehunga25 July 2023 / 2 min read
Dress Smart is owned by Lendlease’s Real Estate Partners New Zealand and managed on the ground by Oyster through our property management division. As a team, we work together to provide an unmatched retail leasing experience to tenants. There are some exciting developments on the horizon for Dress Smart Onehunga.
Lendlease has secured resource consent and development rights to transform a carpark adjacent to Dress Smart Onehunga into an expanded retail precinct. Oyster is currently working with Lendlease to advance the project toward securing board and investment approvals.
The expansion will see this space developed to accommodate additional retail floor area, an enhanced food and beverage offering and increased carparking facilities. An ambience upgrade for the original centre is also planned.
“Achieving council resource consent to expand Dress Smart Onehunga is a fantastic outcome for shoppers and the local community,” says Matt Bowyer, Head of Mandates at Lendlease Investment Management.
“With its central location, easy access and great variety of stores, the centre has become a much loved discount shopping destination over the years.” A leasing campaign is now underway to offer this exciting new retail opportunity to local and international brands.
Jennifer Andrews, Asset Manager – Retail at Oyster, says it has been an exciting year of leasing for Dress Smart Onehunga, which has welcomed new retailers to the centre and expanded footprints for some existing tenants.
“The significance of the expansion and upgrades is really hitting home with retailers. We’ve recently had Decjuba, Dr. Martens, Flo & Frankie and Seed Heritage sign leases, and are set to see Adidas expand their footprint.”
We look forward to supporting Lendlease and the centre’s tenants through this exciting next phase.