The rise of mega stores: A new era for New Zealand retail
The recent opening of Mānawa Bay at Auckland Airport marks a significant milestone for retail in New Zealand, set to transform the shopping experience for both travellers and locals. This vibrant new retail hub combines a diverse range of stores, dining options, and services, creating a modern, welcoming environment that reflects the unique character of the country.
A transformative retail experience
Mānawa Bay enhances accessibility for international visitors while providing local residents with an exciting shopping destination. Its strategic location is expected to stimulate economic growth by attracting increased foot traffic and tourism, generating jobs, and supporting local businesses. By offering a mix of shopping, dining, and leisure, Mānawa Bay promises to elevate the retail landscape in New Zealand.
The benefits of mega stores
The emergence of large retail spaces like Mānawa Bay, Costco and IKEA brings numerous
advantages to the retail sector.
Increased convenience
These mega stores provide a wide array of products and services in one location, making shopping more efficient for busy families and individuals.
Economic growth
The construction and operation of such retail spaces generate employment opportunities, boosting local economies. The influx of shoppers can also benefit nearby businesses, creating a ripple effect of economic activity.
Competitive prices
Stores like Costco often offer lower prices through bulk purchasing,
enabling significant savings for consumers and fostering competition in the retail market.
Enhanced shopping experience
Mānawa Bay aims to create a lively atmosphere where visitors can enjoy shopping alongside dining and leisure activities, encouraging them to spend more time and money in the precinct.
The challenges ahead
However, the rise of mega stores also presents challenges that need to be addressed.
Impact on local businesses
While larger retailers can draw customers, they may also threaten the survival of smaller,
Image Credit: Kindly supplied by Mānawa Bay
independent shops that struggle to compete on price and variety. This shift could diminish the unique character of local New Zealand communities.
Environmental concerns
The expansion of large retail spaces can lead to urban sprawl and increased traffic, raising sustainability concerns. As shopping habits change, so too must the commitment to minimising environmental impact.
Cultural impact
The growing presence of international chains may overshadow local businesses, risking the loss of New Zealand's unique cultural identity and craftsmanship.
A commitment to sustainability Mānawa Bay also aims to incorporate sustainability initiatives and innovative design, aligning with global consumer trends. This commitment not only showcases New Zealand's dedication to sustainable practices but also positions the country as a forward-thinking destination in the competitive retail market.
Bryan
Thomson, Managing
Director
- Harcourts New Zealand, emphasises the importance of choice for consumers, stating, “Choice for consumers is good. Projects like Mānawa Bay bolster our economy and expand our commercial scope, which is great for the country in general.”
This perspective underscores the positive potential of such developments to enhance the retail landscape.
Overall, the launch of Mānawa Bay heralds a new era for retail in New Zealand, promising enhanced shopping experiences and increased economic vitality for the region. While the benefits of mega stores like Mānawa Bay and Costco are clear, balancing these advantages with the needs of local businesses and the environment is crucial. By fostering a retail landscape that values both convenience and community, New Zealand can ensure that its growth in the retail sector is sustainable and inclusive, enriching the lives of all its residents.
The rise of EV charging in commercial real estate in New Zealand
As the adoption of electric vehicles (EVs) accelerates across New Zealand, the integration of EV charging infrastructure in commercial real estate has become essential. Recognising this trend, the Energy Efficiency and Conservation Authority (EECA) has sponsored the release of the SNZ PAS 6010:2023 Commercial Electric Vehicle (EV) charging guideline. This resource is tailored to help businesses understand and implement effective EV charging solutions. The importance of SNZ PAS 6010:2023
Developed through collaboration among experts from the motor vehicle industry, electrical engineering, transport sectors,
energy retailers, and central government regulators, the SNZ PAS 6010:2023 guideline serves as a comprehensive resource for New Zealand businesses. It details the specifications and considerations necessary for installing commercial EV charging stations, focusing on plug-in EVs.
This guideline is especially valuable for non-technical audiences, empowering businesses to make informed decisions about EV charging infrastructure. It offers insights on optimising charging systems to ensure safe and efficient operation at commercial premises.
Benefits for businesses and landlords
Landlords are increasingly incorporating charging infrastructure into their buildings as part of their strategies to enhance portfolio sustainability. The SNZ PAS 6010 guideline supports New Zealand business owners considering the transition to electric fleets by providing advice on selecting the right EV supply equipment (EVSE) and associated charging services. It also outlines criteria that the EECA can use to assess energy-efficient commercial charging stations eligible for funding, facilitating sustainability efforts.
By utilising this guideline, organisations can better understand how to specify and select commercial charging stations that meet their unique needs, positioning themselves to capitalise on the growing demand for EV charging.
Addressing infrastructure needs
As New Zealand embraces electric mobility, the guideline emphasises the importance of anticipating future infrastructure needs. It recommends modifications to the electricity system to facilitate smart charging, ensuring that the rise of EVs is supported by a robust and efficient charging network.
The integration of EV charging infrastructure in commercial real estate is a vital step toward a more sustainable future in New Zealand. The SNZ PAS 6010:2023 guideline equips businesses and landlords with the knowledge they need to make informed decisions about EV charging solutions. As New Zealand moves forward in its commitment to sustainability, establishing effective EV charging systems will be crucial in supporting both commercial enterprises and environmental goals.
Source: eeca.govt.nz
NAI Harcourts Commercial Conference
On 9 October 2024, the NAI Harcourts Commercial Conference in Auckland brought together industry leaders and forward-thinking professionals for a day filled with inspiring discussions and invaluable networking opportunities.
Attendees enjoyed insights from a distinguished lineup of speakers, including David Norman, Chief Economist for Australia and New Zealand at GHD who set the stage for a stats driven economic update; Bruce Whillans, a prominent figure in New Zealand's commercial property market who discussed the tools we need to drive our business forward; Matt Johl from Re-Leased, who explored the transformative effects of AI on real estate; Kate Chivers, Partner at Turner Hopkins, who shared legal insights for business growth; Andrew Eagles, Chief Executive of the New Zealand
Green Building Council, who focused on sustainability; and Phil Thompson, co-founder of Protect Self Defence, who offered expert advice on self-protection.
There was also an excellent Panel Discussion 'What are you doing to drive business in the current market?' with Chase ErcegSales & Leasing Consultant, NAI Harcourts North Shore, Paul van den Berg - Commercial Sales & Leasing, NAI Harcourts Whangarei, Jonathan de Leeuw - Commercial Sales & Leasing, NAI Harcourts Hamilton Commercial and
facilitated by Managing Director, Harcourts International - Mike Green.
This dynamic event not only encouraged collaboration within the NAI Harcourts network but also set the stage for future success across the commercial property landscape.
For those interested in making their next commercial property move, visit nai.harcourts.net/nz for the latest listings and to connect with a sales consultant near you.
Key Assets eBook – Spring 2024 edition out soon
Explore the newest offerings in commercial real estate across New Zealand with our spring edition of the NAI Harcourts Key Assets eBook. Released on Wednesday 6 November 2024.
Discover a diverse array of retail, office, and industrial spaces, along with exciting business opportunities for sale. Packed with insightful editorials from Spaceworks (interior architects), Hougarden (internet-based technology and media company) and Carl Johnston, Commercial Property Broker, Harcourts Invercargill; this edition is your gateway to exploring a wide range of commercial options available from every corner of New Zealand.
Whether you're an investor or entrepreneur, this edition is filled with valuable information to help you make informed decisions. Don't miss exploring the diverse commercial options available
Gumboot Friday is back!
The Harcourts Foundation is excited to announce their continued support for Gumboot Friday in 2024. This year's event will take place on 1 November.
To kickstart efforts, the Harcourts Foundation has already donated $15,000 and the aim of the Harcourts network is to significantly increase this amount with the help of our dedicated team from offices across New Zealand.
Gumboot Friday is a nationwide initiative providing free counselling for children. Since 2018, it has raised over $6 million, funding more than 42,000 sessions for nearly 20,000 kids at an average cost of $150 per session. In the coming year, Gumboot Friday aims to fund over 40,000 additional sessions.
across New Zealand. Click the link below to start reading now and seize your next venture! Be sure to check it out when it is released by visiting nai.harcourts.net/nz/keyassets
Together, we can make a lasting impact on children's lives.
To donate please visit harcourtsfoundation.org/ Gumboot Friday and follow Harcourts Foundation on Instagram:
NOV 1
@harcourtsfoundationnz and Facebook : @theharcourtsfoundation to see the fun being had to raise funds for our Kiwi kids.