Artist impression, subject to change. PERFECT POTENTIAL PAPAMOA PLAZA

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1 Artist impression, subject to change. PERFECT POTENTIAL PAPAMOA PLAZA

2 ENERGISING SHARED PLACES

3 VISION ENERGISING SHARED PLACES MISSION MAXIMISING PAPAMOA S POTENTIAL SNAPSHOT PAPAMOA, TAURANGA S LARGEST & FASTEST GROWING SUBURB LOCATION TAKE A LOOK AROUND OPPORTUNITY A LARGE FORMAT FUTURE COMMUNITY FLOURISHING & VIBRANT

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5 VISION ENERGISING SHARED PLACES VISION We believe the future of successful retail is all about delivering experiences that delight, engage and energise people. Tinline s purpose is to connect with retailers and their customers by creating environments that emerge as favourite destinations, where Kiwis love to be. This is the art and science of energising shared places. JAMIE GASKELL CHIEF EXECUTIVE OFFICER Tinline Property PAGE 5 TINLINE PROPERTY

6 MISSION MISSION MAXIMISING PAPAMOA S POTENTIAL Papamoa, as Tauranga s largest and fastest growing suburb, shows all the signs of substantial, long-term economic expansion. With a population that s growing at twice the national average, large areas of available land in close proximity and annual building consents at double the greater Tauranga average (640 p.a.), Papamoa represents a high-growth cell within one of the country s fastest growing regions. TINLINE PROPERTY DAVID HILL CENTRE MANAGER Papamoa Plaza TIM RAATELAND CHIEF OPERATIONS OFFICER Tinline Property Tauranga PAGE 6

7 MISSION MORE RETAIL REQUIRED RAPIDLY GROWING POPULATION RETAIN LOCAL SPEND ENDURING HOLIDAY HOTSPOT Research shows us a primary catchment sustainable retail floorspace (GFA 1 ) of over 60,000 square metres in 2016, growing to around 87,000m 2 by Papamoa Plaza represents 24% of that floorspace now, indicating an immediate and significant opportunity for more retail in the primary catchment, regardless of population growth. Papamoa, as the fastest growing suburb of Tauranga, is trending to double the national average for population growth by Inevitable foot traffic growth rates are embedded in pure population growth. Of a total $305 million primary catchment retail spend, a gross $155 million flows out to the secondary catchment and beyond. While inflows moderate this gross figure, reducing spend outflow is an immediate priority, through continuous improvement of the offer particularly by introducing the types of retail that are underrepresented in Papamoa. Papamoa s place as a seasonal destination for visitors, primarily from the Auckland region, adds a substantial and additional footfall/income stream that other malls, in general, may not experience. Around 20% of retail spend within the primary catchment is identified as being from visitors beyond the Western Bay of Plenty. TINLINE PROPERTY STATS: Retail market assessment. Property Economics GFA: Sustainable Gross Floor Area is Net Retail Floorspace, excluding Back Office Floorspace PAGE 7

8 MOUNT MAUNGANUI 3 DRIVE TIMES FROM PAPAMOA PLAZA SNAPSHOT TAURANGA CITY PAPAMOA PLAZA LOCATION DISTANCE TIME 1 Fashion Island 350m 1 minute 2 Bayfair Shopping Centre 9km 9 minutes 3 Mount Mainstreet 14.5km 17 minutes 4 Bay Central Shopping Centre 15.4km 17 minutes 5 Tauranga Downtown 16.9km 19 minutes 6 Fraser Cove Shopping Centre 18.9km 19 minutes 7 Gate Pa Shopping Centre 19.5km 21 minutes 8 Tauranga Crossing 22.6km 22 minutes 9 Bethlehem Shopping Centre 23km 24 minutes 8 SECONDARY PRIMARY , ,350 21% ,800 47,550 29% 42,450 51,150 24% 14,300 18,950 33% TE PUKE TINLINE PROPERTY % X National Average 170 REST OF TAURANGA 340 PAPAMOA , ,550 PAGE 8 RETAIL SPEND $M PRIMARY CATCHMENT STATS: Retail market assessment. Property Economics POPULATION GROWTH PRIMARY CATCHMENT BUILDING CONSENTS % GROWTH 5 YEARS TO 2016 SUSTAINABLE GFA m 2 PRIMARY CATCHMENT

9 AGE % EMPLOYMENT PERSONAL INCOME % JOB CLASSIFICATION % 0 14 YEARS YEARS YEARS YEARS YEARS YEARS 60 + YEARS FULL TIME 44% PART TIME 15% UNEMPLOYED 6% NOT IN LABOUR FORCE 35% 50K K 20-30K 10-20K 5-10K 6 5 5K OR LESS MANAGERS PROFESSIONALS TECHNICIANS & TRADES COMMUNITY/PERSONAL CLERICAL/ADMIN SALES MACHINERY/DRIVERS LABOURERS SNAPSHOT SNAPSHOT PAPAMOA, TAURANGA S LARGEST & FASTEST GROWING SUBURB ETHNICITY HOUSEHOLDS HOUSEHOLD INCOME % HOME OWNERSHIP 100K K EUROPEAN 69% MAORI 20% PACIFIC 3% ASIAN 7% OTHER 1% SINGLE 21% COUPLE 33% SINGLE w CHILDREN 14% TWO PARENT FAMILY 29% OTHER MULTIPERSON 3% 50 70K 30 50K 20 30K 20K OR LESS FULL OR PARTLY OWNED 48% NOT OWNED 35% IN FAMILY TRUST 17% TINLINE PROPERTY PRIMARY CATCHMENT SECONDARY CATCHMENT Percentages represent rounding differentials to whole numbers off decimal point figures, and therefore may not always total 100%. The percentages are reflective of appropriate splits in the demographic criterion, which in a dynamic market are constantly changing. STATS: Retail market assessment. Property Economics PAGE 9

10 LOCATION TINLINE PROPERTY LOCATION TAKE A LOOK AROUND PAGE 10

11 >$80M ANNUAL SALES >3.5M FOOT TRAFFIC 50+ SPECIALTY STORES 16,000m 2 RETAIL SPACE >$9,000 SALES PER m 2 2 ANCHOR TENANTS 650 FREE CAR PARKS 2 Z SERVICE STATION 3 4 ANCHORS 1. The Warehouse 2. Countdown BANKS 3. Postshop / Kiwibank HAIR / HEALTH / BEAUTY 4a. Cutz 4 U 5. Hollywood Nails 8. My Pharmacy 20. Vivo Hair and Beauty 44. Oceanblue Club LOCATION 44 VERSION 1 JULY FC3 FC2 FC K K K01 FC6 FC5 FC4 K02 FOOD COURT a 5 6 ATM SERVICES 21. Customer Service 34. Management Office FOOD OUTLETS 6. Robert Harris Cafe 10. Pizza Hut 11. Bobbys Fish & Chips 61. Doug Jarvis Butcher 36. McDonalds 63. Double Teaspoons K04. Wendy s Supa Sundaes FC01. Pita Pit FC02. Burger Foundry FC04. Hot Woks FC05. Great Spice 5C06. Smile Sushi K02. Tank Juice 2013 CURRENT % INCREASE IN FOOT TRAFFIC INCREASE IN TOTAL SALES INCREASE IN SPECIALTY SALES PER m 2 MARKET SHARE* (CURRENT) OCCUPANCY RATE (CURRENT) * of primary catchment LIFESTYLE 4. United Video 8. Lotto 12. Eves Real Estate Mart 23. Flight Centre 24. Paper Plus 39. Naked Vapour 42. Spark 64. Acquisitions 65. 2degrees K01. Mister Minit K05. Omnitech FASHION / ACCESSORIES 15. Dorje 25. Merric 26. Backdoor Surf 41. Stirling Sports CASUAL OPPORTUNITIES PAGE 11 TINLINE PROPERTY

12 OPPORTUNITY OPPORTUNITY A LARGE FORMAT FUTURE LARGE FORMAT RETAIL (LFR); RETAIL SPEND $M PRIMARY CATCHMENT Papamoa s primary catchment is primed for large format retail, and presents a substantial opportunity for the right vendors a sustainable mix of tenants. 46% 110 TINLINE PROPERTY Electrical / department stores Furniture / floor coverings / houseware / textiles Recreational goods Clothing / footware / personal accessories Pet supplies Camping and outdoors PAGE 12 STATS: Retail market assessment. Property Economics. 2017

13 OPPORTUNITY STAGE 3 LARGE FORMAT RETAIL STAGE 2 FOOD COURT DEVELOPMENT 2015 STAGE 1 INTERIOR/EXTERIOR REFURBISHMENT 2014 PAGE 13 TINLINE PROPERTY STAGE 4 F&B PRECINCT

14 OPPORTUNITY STAGE 3 LARGE FORMAT RETAIL PAGE 14 TINLINE PROPERTY Artist impression, subject to change.

15 OPPORTUNITY Artist impression, subject to change. PAGE 15 TINLINE PROPERTY

16 OPPORTUNITY STAGE 3 LARGE FORMAT RETAIL PAGE 16 TINLINE PROPERTY Artist impression, subject to change.

17 OPPORTUNITY Artist impression, subject to change. PAGE 17 TINLINE PROPERTY

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19 COMMUNITY Tinline Property is deeply committed to Kiwi communities. Our investment and energy create hubs that nurture and support vibrant community activity. Whether it s our involvement in sponsorship opportunities with schools, sporting and cultural groups, or our engagement with local retail business associations and other community organisations, Tinline is constantly leveraging the value of our investments to benefit Kiwis nationwide. COMMUNITY FLOURISHING & VIBRANT PAGE 19 TINLINE PROPERTY

20 TINLINE PROPERTY FOR FURTHER INFORMATION TIM RAATELAND CHIEF OPERATIONS OFFICER