Ravenswood retail centre will enjoy a mix of boutique retail shops as well as national brand retailers. Retail leasing opportunities are available now and a copy of the Leasing Information Memorandum is available to download here. Enquire about retail leasing.
A New World supermarket, a BP Connect service station with Wild Bean Cafe and a McDonald’s restaurant will be just some of the recognised national brands that have committed to being part of the new development.
BP Asset Manager Marcus Manning says as North Canterbury continues to grow, so too does demand for higher quality and more varied retail offerings. “We will be using local tradespeople to build our new BP Connect store and we intend on employing up to 20 North Cantabrians to look after our valued new customers in Ravenswood.”
New World General Manager, Property and Retail Development Roger Davidson says, “New World is the cornerstone of many communities and will be a great asset to the people of North Canterbury. New World is very excited to be involved in this new and vibrant community.”
McDonald’s Development Manager, Nigel Felton, says after 40 years in New Zealand, its franchisees and restaurants forge strong relationships in the communities in which they operate. “McDonald’s restaurants, like the one planned for Ravenswood, typically employ around 40 to 60 local people and we utilise local businesses both in construction and for ongoing services,” says Mr Felton. “We get involved in supporting local groups, and the food you order often comes from nearby suppliers. In fact, a lot of our McCafé food comes from nearby Rangiora Bakery.”
Retail trade in the Waimakariri District increased by 14% over 2013/14, compared to 3% nationally, underscoring the impressive opportunities available, especially when coupled with the rate of local population increase.
Waimakariri District’s estimated resident population in 2016 is 57,800. This now makes the District the third largest Territorial Authority in the South Island (by population) after Christchurch and Dunedin, and the second fastest growing Territorial Authority in New Zealand after Selwyn District. The population is projected to increase to 76,000 people by 2031.
The BERL (Business and Economic Research Ltd) Regional Rankings 2013 identifies Waimakariri as the second highest Local Authority in the country in terms of economic performance. BERL’s survey ranks New Zealand’s 66 local authorities on economic activity, including population, employment, GDP, business units, and the Relative Openness Index, which measures each region’s economy toward export sectors.
Waimakariri’s GDP continues to grow at an accelerated rate (up 4.1% in the year to September 2014 compared to New Zealand as a whole, up 2.7%). Overall, GDP has grown strongly over the past decade – with annual growth peaking in the year to September 2012 at 12%. While Canterbury region and New Zealand have at times seen reductions in GDP (negative percentage growth) since 2006, Waimakariri District GDP has generally grown at rates above the region and country continuously. In the year to September 2014, GDP in the District was $1,350million.
Economic and Business Profile for Woodend & Pegasus and the Wider Waimakariri District
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