New shops and food outlets for expanding Tower Junction
Christchurch's Tower Junction shopping centre is set to expand with new stores and food and drink outlets.
The Addington bulk-retail complex, owned by Ngai Tahu Property, is already one of the city's biggest shopping centres.
The $5.5 million expansion would add 2500 square metres of space in two new buildings. They were due to be finished late this year, with new tenants in business by the second quarter of next year.
Part of the centre's car park has been fenced off for the construction of one building, which will be between Bunnings hardware barn and the block of stores that includes Harvey Norman and Toyworld. This new building will house two large stores.
The second building will be in the Tower Junction village part of the complex, near Speights Ale House and Raeward Fresh. It will have about five medium-sized, ground-floor tenancies.
Ngai Tahu Property was searching for tenants, including retailers, foodand beverage outlets and commercial services, for the new buildings.
Chief executive David Kennedy said the organisation was excited about the expansion, which was triggered by consumer demand and the increased number of residents and workers in the area.
In addition, the shopping centre would be "refreshed to create a connection with the culture and story of Ngai Tahu", he said.
Estimates put 15,000 workers within 1 kilometre of Tower Junction, many of whom are in business parks including Show Place, Workstation 55, Addington Business Park and Hazeldean. Christchurch's rugby stadium, Horncastle Arena and Addington Raceway are also nearby.
After the earthquakes, Ngai Tahu hired retail consultants RCG to review the centre's performance. Its recommendations included expanding and relocating some tenants, and a master plan was developed.
The project would bring the centre's retail space to nearly 4 hectares, up from 3.7ha. Nearby mall Westfield Riccarton has 5.5ha of retail space.
The shopping centre was established by Ngai Tahu on former railway land in 2003 and houses more than 30 businesses.
Its first tenant was the 1.25ha Bunnings store and its most recent addition was a hub of outdoor gear retailers including Torpedo 7 and The Golf Warehouse in 2012.
Ngai Tahu Property's other assets and developments in Christchurch include the city council headquarters, the King Edward Barracks office development and the Wigram Skies and Prestons residential subdivisions.