Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Kiwi Income Properties Media Release 21 July

21 July 2004

Kiwi Income Property Trust advised today that its PricewaterhouseCoopers Centre, Christchurch’s premier office tower, is fully leased. The Trust’s Commercial Portfolio Manager Jon Lesquereux said that leasing had been completed with the granting of new leases to Truescape on level 20, Maersk New Zealand and Beca on level four, and coffee operator Esquires on the ground floor. Mr Lesquereux said that the Trust had also focused on dealing with major impending lease expiries at the Centre.

“Most existing tenants have chosen to extend or renew leases when they expire. They clearly appreciate the quality of the premises they occupy and the fact that there is a limited supply of premier office space in Christchurch.”

He said that over the last 12 months: • Lawyers, Harman & Co have extended their lease for a further nine years over 1,694m² on levels 18 and 19. • PricewaterhouseCoopers’ (PWC) lease over 2,580m² on levels 10, 11 and 12, which expires next year, has been completely restructured. PWC, who have previously sub-leased surplus space, have committed to a new nine year lease over level 12 (859m²). • Patent Attorneys, James and Wells, have taken a new nine year lease of 859m² on level 11. • Lawyers, Lane Neave, have recently committed to a new nine year lease over 1,719m² on levels 14 and 15.

In total, 6,984m² of space has been leased or re-committed since June 2003. This represents approximately 43% of the building area and $1.75 million per annum in gross rent. The weighted average lease expiry of the building has improved by 2.7 years.


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news