This month marks the beginning of an exciting expansion project at the north-east end of the Tauranga Crossing shopping centre, adding 8100 square meters of new retail space, aiming to be completed by October 2025.
The extension will feature Farmers as the anchor tenant, occupying 6500 square meters. The remaining 1600 square meters will host six specialty retail stores, offering a diverse shopping experience for the expanding community.
Supporting a Growing Community
The Bay of Plenty region is experiencing rapid growth, with population forecasts predicting an increase of approximately 40,000 residents in the centre’s trading area by 2038. Tauranga Crossing also stands to gain substantially from upcoming developments in its area. The rapidly expanding Tauriko Industrial Estate, situated just south of the centre, is projected to create around 16,000 jobs upon completion. Additionally, the Tauriko West residential subdivision and the Keenan Road Urban Growth development are expected to contribute approximately 6,500 new homes to the catchment area. Centre Manager Janet Vincent says it’s a positive step in the centre’s journey: “Seeing a bright future ahead, we look forward to evolving with the needs of our community.”
Enhancing the Shopping Experience
A key aspect of this expansion is relocating Farmers from the Lifestyle Centre to the main shopping centre, creating a more seamless shopping experience. This move, coupled with the addition of specialty retailers, will ensure Tauranga Crossing remains a convenient destination for one-stop shopping.
Benefits to the Bay of Plenty Region
Quayside’s investment into Tauranga Crossing has provided the necessary capital to support the expansion, showing confidence in the market and future development. It is expected that this improved retail offering will increase shopper volume and stimulate spending, having a positive effect on commercial returns – a primary objective for Quayside and the original desired outcome from the investment.
In addition, the social and wider economic impacts will be seen through new job creation, local business support, and providing residents with improved services and facilities – a win for all.
The partnership exemplifies Quayside’s commitment to the region, continuation of growth and intergenerational prosperity, that benefits us all.
For further media information, please contact Quayside at enquiries@quaysideholdings.co.nz or Tauranga Crossing at Lauren.Riley@taurangacrossing.co.nz
ENDS
