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THE FUTURE OF WANAKA

Position your business for the future in one of the fastest growing regions in New Zealand

Queenstown Lakes District Council growth projections have Wanaka growing by 43% in 10 years and doubling in 20! They project the number of visitors on peak days will be circa. 30,000 and 37,000 in 10 and 20 years respectively.

Willowridge Developments created Three Parks to cater for the dynamic growth projected for Wanaka and surrounding Central Otago and Queenstown Lakes Districts.

The Central Otago and Queenstown Lakes Districts population is estimated at 70,500 and projected to grow by at least 30% over the next 10 years. Wanaka’s current population is approx. 14,000 (larger than Oamaru) and is projected to grow in excess of 43% during the next 10 years.

 

Post Covid Wanaka has seen unprecedented demand for residential properties and sections with significant waiting lists for residential developments across the value spectrum, as the prospect of an idyllic lifestyle lures people from around New Zealand and the globe.

 

For those companies evaluating the proposition of establishing or expanding their business in the Central Otago and Queenstown Lakes Districts, Wanaka provides a viable option with a large and growing domestic market, convenient location for service and distribution and the Three Parks residential and commercial development currently under construction.

 

Three Parks is a mixed use development of approximately 140 hectares consisting of over 1,000 new residential households, retirement and lifestyle villages, tourism and community precinct, a business park and retail centre.

 

The focus of this development is the new retail centre consisting of over 40,000 square metres of retail and commercial premises designed to complement the existing Wanaka Town Centre and to service the growth of the local and surrounding district population.

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Three Parks Retail Centre

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Key Information:

  • Competitive rental rates

  • Design Build options

  • Flexible rental areas

  • Negotiable fit out and lease terms

  • Construction time 18 months from date of lease

KEY FACTS:

  • 12 hectares

  • 27,000 m2 bulk retail

  • 7,300 m2 specialty retail

  • 6,000 m2 office

  • Excess of 1,000 car parks

  • Plus 5 hectares for future development

Current Retailers:

  • New World Supermarket

  • Mega Mitre 10

 

Under Construction:

  • 6 Retail Stores (due January 2022)

  • Mountain Warehouse (due July 2022)

  • 5 Specialty Stores (due July 2022)

 

Under Negotiation:

  • 4 National Bulk retailers

Why establish your business at Three Parks?

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  1. Three Parks retail centre is specifically designed to accommodate the projected growth for the Central Otago and Queenstown Lakes District with in excess of 40,000 square metres of retail and commercial spaces and over 1,000 customer car parks.

  2. Flexible lease terms, competitive rental rates and design build options, Three Parks in Wanaka provides companies viable options in establishing their business in this district.

  3. Wanaka is a large, growing market, unaffected by Covid and with virtually no day to day variety or specialist stores (local customers to travel to Dunedin) provides an economic market for start up businesses.

  4. Convenient location within 60 minutes of key population centres and level topography provides all year round access for distribution and servicing of customers.

  5. Wanaka does not suffer the same constraints as Queenstown, i.e. economic downturn, soaring commercial rental rates and land prices.

  6. Post Covid has seen unprecedented level of enquiry for commercial and retail opportunities within the Three Parks development as the full potential of Wanaka is realised.

 

Strong local market, competitive rental rates, flexible design options, strategic location for service and distribution, these are the key strategic advantages for companies establishing their presence in the Central Otago and Queenstown Lakes Districts at the Three Parks retail centre in Wanaka.

What's available?

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Retail Spaces

FOR LEASE