Colliers and CBRE are pleased to present a rare opportunity to acquire a 100% freehold interest in Dress Smart Auckland, a highly established outlet centre offering a compelling blend of secure income, scale and long-term growth potential.
Dress Smart Auckland is one of the most recognisable outlet centres in New Zealand, anchored by a high-quality mix of international and national brands, including Adidas, Converse, Puma, Tommy Hilfiger, Calvin Klein and Coach, spanning over 13,000sqm of GLA.
Strategically positioned within Onehunga Town Centre, approximately 8km south of the Auckland CBD, the centre benefits from its location within a key council-designated growth precinct, supported by significant public and private investment, ongoing urban renewal, and strong forecast population growth underpinning sustained retail demand.
Investment Highlights
- 97.8% occupancy rate
- Total MAT of $97.5 million¹
- Limited near-term capex following a comprehensive refurbishment in 2025
- Significant Underlying Landholding, with low site coverage of 53.5%
- TTA of 1.71m residents, with a growth CAGR of 1.2% to 2046, double the NZ average²
- TTA retail spend of $34.8bn, forecast to reach $85.6bn by 2046 (4.6% CAGR)²
This rare opportunity to acquire a 100% interest in Dress Smart Auckland is being exclusively offered via an International Expressions of Interest (EOI) campaign closing Thursday, 20th August 2026 at 2.00pm (NZST).
For further information on the sale process or to arrange an inspection, please contact the exclusive sales & marketing agents.
*All figures are approximate and site boundary outlines are indicative only
¹ MAT is GST exclusive, as at May 2026
² Colliers Property Economics & Analytics (formerly Location iQ), May 2026
– Paynes Lane carpark owned by Lend Lease Real Estate Partners New Zealand Sub-Trust, please contact the Agents to discuss if of interest to acquire.
Features:
- Extensive land holding with a low SCR and development potential (STCA)
- Total MAT of $97.5m¹
- TTA of 1.71m²
- Limited near-term CAPEX following recent refurbishment
More information: https://www.colliers.co.nz/p-NZL67041417
