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Coast Plaza in Whangaparaoa is not sold yet but according to Colliers International capital markets director, Blair Peterken, there are interested buyers “with a big vision for the centre”.
The large site, which includes The Warehouse and the block behind on Link Crescent, went on sale earlier in the year, with the close-off date for offers on August 30.
“The one thing I can say is that whoever buys the plaza understands that the whole centre will need to be reinvigorated,” Mr Peterken says.
Meanwhile the food court in the mall is largely untenanted and it remains possible, though as yet unconfirmed officially, that Farmers, Whitcoulls and Stevens, all owned by James Pascoe Group, may vacate Coast Plaza to move to the centre that Farmers is building in Millwater.
