Prime new office heralds next era for multi-media company

Media Release 10.3.2015

Prime new office heralds the next era for multi-media company

Half the available space in Mansons TCLMs new 20,000 sq m office building at 151 Victoria Street West in Aucklands CBD has gone ahead of its completion, following the leasing of three floors to media company NZME.

NZME. (formerly APN NZ) has taken a 12-year term over 8,300 sq m of space on Levels 1-3, with a six-year right of renewal, and will also take half of the buildings 169 basement car parks.

Bayleys leasing agent Paul Hain, who advised Mansons on the transaction, says it is the biggest lease concluded in Auckland since Fonterra committed to its new premises in Fanshawe Street.

He says the buildings very large floor areas of 3,100 sq m per level, with interlinking staircases, was a major attraction for MZME. enabling it to merge all its media operations into one compact business environment.

Relocating into the building, starting in November will be the New Zealand Herald, The Radio Network and NZME.s digital operations, including the daily deal website Grab One.

Hain says approximately 1000 sq m on the ground floor will also be occupied by retail tenancies, leaving only the top three floors, encompassing a net lettable area of 9,300 s q m, still available for lease. Because of the sites elevated position, these have expansive city and harbour views and also come with naming rights.

There has been strong enquiry in this space which has heightened now that the building is fully glazed nearing completion, giving prospective tenants a clear picture of what an impressive structure it is, he says

Construction is well ahead of schedule and floors will be available for fit out from June. A particularly striking feature of the property is the giant 20 metre high lobby atrium which runs through the building, flooding it with natural light and providing a spectacular meeting place for tenants and visitors. The lobby also connects with a substantial and extensively landscaped public plaza area.

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Prime new office heralds next era for multi-media company