JBWere Moves to the Royal & SunAlliance Centre

19 January 2001

JBWere Moves to the Royal & SunAlliance Centre in Auckland

New Zealand's leading stockbroking and investment banking firm has signed a lease to move its New Zealand headquarters to the top two floors of the country’s premier office building later this year.

JBWere, currently based in the old Coopers & Lybrand Tower (now ANZ Centre), will move to Kiwi Development Trust’s Royal & SunAlliance Centre around August. The company will take nearly 1,800 square metres of space in the 40 storey office tower.

“It’s a perfect building and location to meet the growth we’re experiencing, and an ideal working environment for staff and clients” said Chief Executive Officer of JBWere Clark Perkins.

JBWere has grown by over 40% in the past three years, and expects that growth to continue. This year it will house over 100 staff on the two Royal & SunAlliance Centre floors, which have a view North East across the Hauraki Gulf and beyond, and to the Bombay Hills in the South. The Gulf backdrop will feature in the firm’s dealing room, seen every day on live broadcasts from JBWere’s offices of financial market news (through TVNZ’s Telstra Business programme).

JBWere has 130 staff in offices in Auckland, Wellington, Christchurch and Dunedin. The Australian founded company also has teams throughout Australia and in London, New York and Tokyo. The company's New Zealand operation provides stockmarket services, research and investment banking advice to some of Australasia’s largest corporations.

The $200 million, landmark Royal & SunAlliance Centre was opened in November 2000 as the first major office tower to be built in New Zealand since the 1980s in Auckland. The distinctive, haloed building is in the heart of Auckland’s CBD, between Fort and Shortland Streets. With this lease to JBWere it is 88% leased and tenants include: Royal & SunAlliance; Russell McVeagh; Bell Gully Buddle Weir and ABN Amro.

Speaking for Kiwi Development Trust, the listed owner and developer of the Royal & SunAlliance Building, General Manager Chris Gudgeon said:

“The move by such an important organisation is significant and a vote of confidence in the Royal & SunAlliance Centre. It is reflective of a high level of general leasing inquiry that the Centre is currently enjoying.”

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