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

 


Capital Prop. Announces New Leases In Novell House

28 January 2005

MEDIA RELEASE

Capital Properties announces new leases in Novell House, 89 The Terrace, Wellington.

Capital Properties New Zealand Limited announced today two recent leasing deals for 5,807 square metres of space securing 100% occupancy of Novell House.

When the new leases commence Novell House will be fully leased with an weighted average lease term of 6.6 years (currently 2.5 years).

The first deal is a new 9 year lease with Kensington Swan, Barristers & Solicitors for 2,232 square metres which will see them relocating from levels 2-6 to levels 7-9 and undertaking a new fitout. The new lease commences in September 2005 upon expiry of the existing lease.

The second deal is a new 12 year lease for 3,575 square metres of space being the old Kensington Swan space on levels 2-6, with commencement in March 2006. This deal is expected to go unconditional on 31 March 2005.

Novell House was built circa 1983 for Fletcher Challenge as its head office and comprises a 15 level office building with 1 level of basement car parking.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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>>

ALSO:

Half A Billion Accounts: 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>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news