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Investment Highlights
Dress Smart Hornby represents the only dedicated outlet shopping destination in the South Island. Positioned in the heart of Christchurch’s growing western retail corridor, the centre benefits from a strong regional draw, excellent accessibility, and a robust trade area growing in size, affluence, and density.
Anchored by 45 tenants, including internationally renowned brands such as Calvin Klein and Tommy Hilfiger, Dress Smart Hornby delivers a curated, full-format outlet experience across apparel, footwear, and lifestyle categories. As at April 2025, the centre recorded robust annual sales of $56.3 million* (excl. GST), equating to $7,899 per sqm*. With a low vacancy rate of just 2.9%* and sustained tenant demand, the asset continues to perform strongly. Combined with CPI-indexed, fixed and market rent mechanisms, strong occupancy, and a regional monopoly position in its asset class, Dress Smart Hornby offers a compelling investment proposition.
The current owner is currently undertaking a comprehensive capital expenditure programme, including seismic strengthening (minimum of 67% NBS (IL2) - targeted upon completion of current works and subject to confirmation), staged roof replacement, carpark waterproofing, and key plant upgrades. These works, due for completion by Q3/Q4 2025, will enhance asset resilience, ensure compliance, and de-risk ownership for incoming investors.
Contact Sole Agents
Ryan Johnson
National Director
Commercial and Capital Markets
+64 21 622 278
[email protected]
BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL, LICENSED UNDER THE REA ACT 2008
William Wallace
General Manager
South Island Commercial
+64 27 474 7981
WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008
Jesse Paenga
Director
South Island Capital Markets
+64 27 764 4748
WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008
*All figures are approximate only
Investment Highlights
Dress Smart Hornby represents the only dedicated outlet shopping destination in the South Island. Positioned in the heart of Christchurch’s growing western retail corridor, the centre benefits from a strong regional draw, excellent accessibility, and a robust trade area growing in size, affluence, and density.
Anchored by 45 tenants, including internationally renowned brands such as Calvin Klein and Tommy Hilfiger, Dress Smart Hornby delivers a curated, full-format outlet experience across apparel, footwear, and lifestyle categories. As at April 2025, the centre recorded robust annual sales of $56.3 million* (excl. GST), equating to $7,899 per sqm*. With a low vacancy rate of just 2.9%* and sustained tenant demand, the asset continues to perform strongly. Combined with CPI-indexed, fixed and market rent mechanisms, strong occupancy, and a regional monopoly position in its asset class, Dress Smart Hornby offers a compelling investment proposition.
The current owner is currently undertaking a comprehensive capital expenditure programme, including seismic strengthening (minimum of 67% NBS (IL2) - targeted upon completion of current works and subject to confirmation), staged roof replacement, carpark waterproofing, and key plant upgrades. These works, due for completion by Q3/Q4 2025, will enhance asset resilience, ensure compliance, and de-risk ownership for incoming investors.
Contact Sole Agents
Ryan Johnson
National Director
Commercial and Capital Markets
+64 21 622 278
[email protected]
BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL, LICENSED UNDER THE REA ACT 2008
William Wallace
General Manager
South Island Commercial
+64 27 474 7981
WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008
Jesse Paenga
Director
South Island Capital Markets
+64 27 764 4748
WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008
*All figures are approximate only
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