ONE OF A KIND OPPORTUNITY
Dress Smart Christchurch is the South Island’s only integrated outlet shopping centre. Anchored by leading brands and delivering strong year-on-year results, Dress Smart benefits from sustained tenant demand and long-term regional growth.
For a limited time, wholesale investors have the unique opportunity to acquire a stake in a high-performing Canterbury retail icon.
The Return
7.75%
p.a¹
projected pre-tax cash distribution, paid monthly
12.2%
p.a²
targeted annualised total return
$250,000
minimum investment
Available to wholesale investors only
¹The monthly pre-tax distribution is projected for the financial year to 31 March 2027. ²The targeted annualised total return is projected for the first three years and is the aggregate of all projected pre-tax distributions payable and the capital growth of the underlying property.
Investment Highlights
The South Island’s
Only Outlet Centre
Dress Smart Christchurch is the only dedicated outlet shopping centre in the South Island, attracting shoppers from across Canterbury and beyond.
Global Brands.
100% Occupancy.
Strong Retail Sales.
Dress Smart Christchurch is fully leased to leading international brands including Adidas, Puma, Tommy Hilfiger and Calvin Klein. Centre retail sales have increased by ~60% between 2018 and 2026.
The Pioneer of Outlet Retail in New Zealand
Oyster introduced outlet shopping centres to New Zealand and has developed, leased and managed the Dress Smart centres for more than 30 years. Outlet retail remains central to Oyster’s identity.
Christchurch Growth Tailwinds
The Christchurch region recorded 8.6% population growth from 2018-2023, supporting long-term retail demand across the city.
Source: Stats NZ
7.75% Targeted Income Return.12% Targeted Annualised Total Return.
The investment combines strong monthly income with the opportunity for capital growth, supported by Oyster's strategy to extend lease tenure, enhancing the centre and capture rental growth.
Tax-Efficient PIE Structure
The investment is structured as a Portfolio Investment Entity (PIE) with a maximum prescribed investor rate of 28%.
A Strategic Christchurch Location
Dress Smart Christchurch is located in Hornby, one of the city’s most established retail precincts and a key retail destination within Christchurch’s western retail corridor.
Positioned near the Southern Motorway and State Highway 1, the centre benefits from excellent accessibility and exposure to more than 6.7 million vehicle movements annually, while drawing from a catchment of over 535,000 residents across Christchurch and the rapidly growing Selwyn District¹.
Retail sales across Canterbury reached approximately $4.7 billion in 2025, reflecting strong regional spending supported by population growth and rising household incomes².
¹ Location IQ Trade Area Analysis Report, April 2025
² JLL Research, Christchurch Retail Market Update, 2026
Register your interest
Wholesale investors are invited to acquire Units in the Dress Smart Christchurch Managed Investment Scheme.
The Scheme will acquire a 50% ownership interest in Dress Smart Christchurch, alongside joint venture partner Antipodean Hornby Limited, which will own the remaining 50%.
Only 87 units available / $250,000 per unit
Register for an event
Wholesale investors are invited to attend the Dress Smart Christchurch Roadshow Event to learn more about this managed investment opportunity.
Complete the form to the right to RSVP.
Register your interest
Only 87 units available / $250,000 per unit
Wholesale investors are invited to acquire Units in the Dress Smart Christchurch Managed Investment Scheme.
The Scheme will acquire a 50% ownership interest in Dress Smart Christchurch, alongside joint venture partner Antipodean Hornby Limited, which will own the remaining 50%.
Fill in your details below
