Meat & Wool New Zealand Moves to Tower
Meat & Wool New Zealand Takes Two Levels In Wellington’s Pricewaterhousecoopers Tower
Meat & Wool New Zealand is to relocate from its existing premises in Wellington’s Wool House to the PricewaterhouseCoopers Tower on The Terrace.
Meat & Wool New Zealand has entered into a new six-year lease on levels 12 and 13 (a total of 1,730 sqm), starting from May 1, 2004. Gaze Commercial Ltd is currently fitting out the floors on behalf of Meat & Wool New Zealand.
The PricewaterhouseCoopers Tower, at 113 The Terrace, is 100 percent leased. A 20-level commercial building constructed in 1987, it is owned by the AMP Property Portfolio (APP).
APP general manager Murray Jordan said the deal was a tripartite negotiation between PricewaterhouseCoopers (which continues to occupy five floors of the building), Meat & Wool New Zealand and the AMP Property Portfolio.
Meat & Wool New Zealand chief executive Mark Jeffries commented: “The relocation from Wool House after six years will provide an excellent opportunity to reposition our business in more operationally-efficient premises.”
Meat & Wool New Zealand has responsibility for providing industry-good services to the Meat and Wool sector, including trade policy, market development and research and development, both domestically and internationally.
The deal was brokered by Phil Humphrey of Colliers International.
An unlisted, wholesale fund, the AMP Property Portfolio is one of New Zealand’s largest property investors, with a portfolio diversified to international benchmark weightings.
The AMP Property Portfolio owns 22 commercial office, industrial, retail, hotel and development properties valued at more than $480 million.
The AMP Property Portfolio is managed by AMP Capital Investors, which also manages two listed New Zealand property entities – the AMP NZ Office Trust (ANZO) and Property For Industry (PFI).