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Westfield Newmarket is located approximately four kilometres from the Auckland CBD and is the largest retail complex in Newmarket, catering to a trade area population of almost 555,000 residents.
A NZ$790 million redevelopment, completed in 2019, has seen this Living Centre set a new benchmark as a world-class retail and lifestyle destination for New Zealanders. Incorporating multiple sites over three hectares, Westfield Newmarket is home to Auckland’s first David Jones department store, a new format Farmers department store, a Countdown supermarket and more than 230 new specialty stores.
About the Opportunity
Westfield Newmarket showcases a compelling mix of local and international fashion designers, new-to-market brands as well as some of the most well-known fashion brands from New Zealand and Australia.
A rooftop lifestyle, dining and entertainment precinct with a new state-of-the-art Event Cinemas complex offering V-Max and Gold Class, encompasses some of the country’s finest food and beverage experiences in a vibrant outdoor environment, providing Newmarket’s local community and the wider Auckland population with an exceptional leisure and experience.
In 2018 the total retail spend by the Westfield Newmarket Total Trade Area was estimated at $9.7 billion while the total retail spend in the Main Trade Area was estimated at $6.1 billion. The total retail spend per capita in the Main Trade Area in 208 was estimated at $19,241, which is 18% above the Auckland Region average ($16,271).
At $99,447 per annum the average household income in the Main Trade Area in 2013 was 10% above the Auckland Region average ($90,799).