New shops to be built at Hornby
Hornby, already a major shopping hub, is about to get more shops.
Even before the earthquakes the industrial suburb's retail profile has been growing, serving State Highway 1 traffic and a growing population in west Christchurch and Selwyn district.
The quakes have meant more traffic, more housing out west, and more Hornby shops.
The latest development comes from the Hornby Working Men's Club, which owns land on Carmen Rd and Chalmers St around its clubrooms.
The site is a large one, occupying 3.8 hectares in three titles and taking up most of the land between The Hub mall and the railway line.
It has a rating valuation of over $25 million.
Tenants on the site already include The Warehouse and Briscoes, who have large format stores and car parks on the land. There is also parking for The Hub mall's Pak 'n Save supermarket on the land.
The site has also housed smaller shops facing Chalmers St to tenants including a produce outlet and a computer and electronics store.
Now the club is starting work on a 4000sq m shopping complex.
It will be built on the land on the north-west corner of the site, now occupied by its two bowling greens and sports pavilion.
The new development is almost fully leased already. Tenants signed include Bed, Bath & Beyond, Baby Factory, Anytime Fitness, and Toyworld. Another national retailer has an anchor tenancy of 1475sqm under offer.
Leasing agent Nick Doig, of Colliers International, says that level of commitment before construction starts is "highly unusual" and illustrates demand for retail space in the area.
"Hornby has shown the most retail leasing activity of any suburb in Christchurch since 2011."
Other recent tenant signings in Hornby include clothing and equipment store Macpac, which will join 10 other stores in the Hornby Mega Centre.
The Hornby Working Men's Club's general manager, Daniel Ferguson, says the latest retail development will help the club future-proof its existence by diversifying its sources of income.
It has owned the land since the 1960s, and in 1991 developed The Warehouse and Briscoes buildings.
Its own premises occupy a 5000sqm building on 1.4ha of land, and its membership has risen 20 per cent since the earthquakes to a roll of 7000.
"We need to ensure we still have income coming in to protect us as a community facility. Our core business is the club's operation and these retail leases help with funds to develop the club - all the money earned is reinvested in our infrastructure."
Ferguson says there are no current plans for further development, as the site is at near capacity. The club to have paid off the development in 10 to 15 years.
- The Press
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