Christchurch
Pacific Property Fund Limited

A strategic large-format retail asset in Christchurch, 390 Prestons Road is jointly owned by Pacific Property Fund Limited (40%) and 390 Prestons Road LP (60%). Currently under development with an expected completion date of late 2025, this freehold property is positioned for long-term value, with Mitre 10 New Zealand fully leasing the property on a 20-year lease.

  • Major retail anchor: Fully leased to Mitre 10 New Zealand, a national home improvement retailer
  • Development opportunity: Plans for further asset enhancement and expansion
  • High WALT: A secure long-term investment with a 20-year lease

Asset details

Asset Type
Retail - Large Format
Value
$35,000,000
Anchor Tenant
Mitre 10 New Zealand
Occupancy
100%
WALT
20 years
Tenants
1