Food­stuffs buys cen­tre

Whangarei Report - - HISTORY -

Food­stuffs has bought the pop­u­lar Otaika Shop­ping Cen­tre but does not have im­me­di­ate plans to con­vert the site into a su­per­mar­ket.

The re­tail gi­ant, which owns Four Square, Pak’nsave and New World, paid $3.8 mil­lion at an auc­tion last month for the shop­ping cen­tre and will al­low re­tail­ers in the cen­tre to con­tinue un­til their leases run out.

Most of the re­tail­ers have 10-year leases that ex­pire in 2027. Food­stuffs will have to hon­our the ex­ist­ing leases un­less busi­nesses opt out.

The build­ing con­sists of eight busi­nesses, in­clud­ing the Otaika Four Square, Aussie Butcher, Liquor­land, Otaika Dairy, a pharmacy that dou­bled in size since it be­gan op­er­at­ing in 1983 and now has 16 staff, Four Square, and Lotto and Post Shop. There are 60 car parks spread ei­ther side of the com­plex, which can be en­tered ei­ther from the 150m State High­way 1 frontage on to Otaika Rd, or from the rear.

“We are con­stantly lis­ten­ing to cus­tomer feed­back and mon­i­tor­ing pop­u­la­tion growth to meet the needs and wants of our com­mu­ni­ties in which we op­er­ate. We have no plans to con­vert the shop­ping cen­tre into a su­per­mar­ket at this time,” said Food­stuffs spokes­woman An­toinette Laird.

She said the shop­ping cen­tre was in an ideal lo­ca­tion with well-es­tab­lished lo­cal busi­nesses that catered to Ki­wis’ daily needs. Built in the 1960s and ex­panded in the 1970s, the en­tire build­ing is on 2799sq m of free­hold land zoned Busi­ness 3 for sub­ur­ban re­tail use.

Sit­u­ated be­side SH1 at the south­ern en­trance to Whanga¯ rei, it was sold through Bay­leys Whanga¯ rei af­ter the death of the build­ing owner.


The Otaika shop­ping cen­tre sold at auc­tion for $3.8 mil­lion.

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