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Preparation has begun and construction of One Market Lane

MEDIA RELEASE – 24 AUGUST 2012

Site preparation has begun and construction of One Market Lane will begin in January 2013

Willis Bond & Co today announced that site preparation is underway and construction of One Market Lane will start in in January 2013.

Twenty eight of the 43 apartments at One Market Lane have sold at a total value in excess of $45 million since marketing began in February this year.

David McGuinness, Director of Willis Bond & Co, and Project Director of One Market Lane, said today: “The demand for apartments continues to be very robust from people looking for an exceptional address in the heart of the city. The response has been testament to the apartments’ outstanding location, spectacular harbour and city views and the boutique nature of the development. The quality of the design, materials and finishes has also given buyers comfort that their apartments will stand the test of time.”

The apartments are located from levels six to eleven and all enjoy outstanding views to the harbour and/or the city. Fifteen remain available, ranging in price from $650,000 to $2.45 million.
Levels three to five of the eleven-level building comprise commercial office space and will be occupied solely by Trade Me, the iconic New Zealand website business.

“Trade Me choosing One Market Lane is very exciting for the development and also the innovative business hub that has developed in this precinct. The business is a complementary occupier of what we plan to be an exemplar mixed-use building. Trade Me joins two other very successful and innovative New Zealand companies, Xero and Morrison & Co, in the $100 million Willis Bond & Co Market Lane development, which also includes the recently completed Xero House” David McGuinness said.

“The completion of One Market Lane will cement this location as a premier business and residential address in the city” David McGuinness said.

One Market Lane represents the last of a cluster of five buildings developed by Willis Bond & Co in the immediate location over the past ten years. These are Shed 22 (Mac’s Brewery Bar), the NZX Centre, the Free Ambulance Building, Xero House and now One Market Lane.

The development also includes the refurbishment of the newly named Market Lane, the slip lane adjoining Jervois Quay, and will feature new paving, trees and better pedestrian connections.
The landmark building will feature the latest in seismic design and Building Code requirements. Construction will start in January 2013 with completion scheduled for the fourth quarter of 2014.

-ends-

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