Love Your Workspace Auckland Issue #13

Revitalised Shortland & Fort Building

Standing

Why quality workspaces are now a baseline requirement

Is the office dead? Our latest research shows that occupiers may be holding station

All is WELL in highperforming workplaces

Buildings with sustainable features that look after their people are of increasing value

2023 Office Space For Lease

Cover & Above:

Shortland & Fort, 88 Shortland Street, Auckland CBD

EXCLUSIVE AGENTS

ANZ Centre

Premium High-Quality Tower

23-29 ALBERT STREET, AUCKLAND CBD

The ANZ Centre enjoys a central CBD location. Great amenities include end-of-trip facilities, expansive lobby and café, ample car parking and easy access to all motorways - providing the perfect base for your business needs.

There is still space to be had in this leading premium commercial building. Contiguous lower level spaces are available along with a premium suite on the top floor.

The ANZ Centre will have an option to suit any business requiring a premium grade office experience.

AVAILABLE FOR LEASE

LEVELAREALEVELAREA

39 - Suite 4 264sqm 14 & 15 LEASED

36246sqm 12 & 13 962-1,924sqm*

*Interconnecting staircase

www.cbre.co.nz/0400508Q2

Please contact your agent for more information

Campbell Pritchard

021 870 614

campbell.pritchard@cbre.co.nz

Stefan Winstanley 021 709 272

stefan.winstanley@cbre.co.nz

QBE Centre

The Complete Solution

125

QUEEN STREET, AUCKLAND CBD

This landmark building, located in Auckland’s CBD, underwent a complete refurbishment in 2018 delivering A-Grade quality accommodation across the entire asset. The historic landmark façade in the heart of Auckland’s CBD has been transformed into a modern tower including a unique LED screen wrapping around the podium level.

The landlord has created stunning new fully furnished tenancies with all the features to support new ways of working. Work spaces can be built to suit your specific needs.

AVAILABLE FOR LEASE

LEVEL AREALEVELAREA

28356sqm14685sqm

26506sqm 13 707sqm

19726sqm11.2242sqm

17.2 295sqm11.1238sqm

17.1 431sqm 8 707sqm

www.cbre.co.nz/0407536Q4

Please contact your agent for more information

Matt Hockey

021 897 465

matt.hockey@cbre.co.nz

Campbell Pritchard 021 870 614

campbell.pritchard@cbre.co.nz

As exclusive agents, CBRE is proud to offer the last remaining tenancies within the Shortland & Fort tower, 88 Shortland Street. Occupying a prominent position overlooking the Waitematā Harbour, the fully refurbished Premium Grade office tower now provides occupiers with a direct connection to Britomart and Commercial Bay along with premium building services and amenity.

An award-winning, brand new Fort Street entry puts the building on the doorstep of Britomart (150m from the nearest train station entrance) and the beautiful new Shortland Street lobby and exclusive business centre positions this as the best value in the premium grade tower sector of the market. The multi-million dollar refurbishment also includes upgraded main lobby (including an outdoor deck), new Fort Street lobby with licensed café operator, upgraded exclusive tenant only business centre and gym and new end-of-trip facilities.

Suite 17.B - An efficient half floor tenancy of 649sqm awaiting your dream fitout to provide up to 65 workpoints to grow your business and keep your staff happy.

Suite 15.D - The last of the Shortland & Fort Suites is available to be snapped up offering 383sqm of premium fitted space to suit up to 38 work points including a bespoke kitchen and two meeting rooms. Exceptional cool finishes with exposed services, polished floors designed to get your staff back into the CBD into an office which is more than worth the commute.

LEVELAREAAVAILABILITY

201,299sqm Leased by CBRE

19 1,300sqm Leased by CBRE

17.B649sqm Available now

Fort 1 325sqm Leased by CBRE

Fort 2 344sqm Leased by CBRE

Short 2 383sqm Available now

Revitalised Shortland & Fort building Standing tall in the era of hybrid working

From a third empty to almost fully leased in only a few months as companies seek high quality space with more amenity close to transport

Much has been said and written over recent months about the potential impacts of hybrid working on the life of CBDs and the offices within them. However, among CBRE’s growing research evidence showing that companies are once again coming back into the Auckland CBD, seeking high quality, amenity-rich spaces as they work to entice employees into the office, one story stands tall.

The revitalised Shortland & Fort office tower (88 Shortland St) is not just a landmark on the skyline at the top of Shortland Street. It has become a beacon of attraction, because within a year the building has seen its vacancy shrink from approximately 30% down to just over 5%, with the potential to be fully leased within weeks.

Over recent months, new leases have been signed across multiple floors of the building at 88 Shortland Street to an exciting mix of highly regarded organisations. Exclusive agents Matt Hockey and Chad Crenfeldt-Smith of CBRE New Zealand emphasis the creation of a new connection to Fort Street with an award-winning lobby. This also included upgraded amenities and new shared facilitiesincluding market-leading cyclist and end-of-trip facilities, an upgraded gym exclusively for building occupiers, refurbished conference centre facilities, and refurbished Ara Eatery café with an outdoor terrace.

As well as proximity to public transport attracting companies seeking to entice employees to work in higher quality buildings and workspaces in a competitive people market, as tenants can see how they can attract people back into the office and retain staff here. We fully expect the building to be 100% leased in 2023, because we have seen a major expansion of professional and financial services footprints in this building driven by staff retention and recruitment.

“The office is alive and well – and particularly high quality and refurbished buildings such as Shortland & Fort, which underwent a $20m revitalisation programme in 2021. All the new occupiers have come from lesser quality buildings, seeking more and better amenity space for staff to enjoy, drawing them back in to the office.”

Increasingly, office occupiers are focusing more on providing amenity to draw people in – providing additional benefits to employees in return for the time lost in commuting. The building owner, Deka, is particularly excited to welcome tenants to use the new lobby, café, outdoor deck area and level 8 business centre, all of which provide amenity that companies do not need to incorporate into their own tenancy. Many tenants are using the facilities in the building to get into a smaller footprint, using the complimentary meeting rooms in the business centre, which prompts them to consider whether they need these facilities in their own offices.

“Another big attraction for companies locating in Shortland & Fort is the building’s proximity to public transport links, which backs up CBRE’s most recent Live Work Shop research. Britomart’s train station entrance is only just over 160 metres from the new Shortland & Fort entrance on Fort Street. We are certain that this building and location will only attract more attention ahead of the City Rail Link

The tsunami of leases signed over recent months at Shortland & Fort demonstrate that occupier appetite for high quality, well located CBD office space is growing.

Chad Crenfeldt-Smith Office Leasing, CBRE

Matt Hockey Office Leasing, CBRE

opening, as more people and organisations realise how it has improved commuter convenience.”

Fusion5 Country Managers Kristy Brown and Becky Rutherford echo the importance of highly quality spaces for their team. “We know people can be effective working from home, so we wanted to create a space that promotes collaboration and experiences they cannot get from within their home environment, and Shortland & Fort’s offering fits the bill. Our people are our biggest asset, and we were not willing to compromise when it comes to the standards and facilities we provide our team into the future.”

This follows the news in 2021 that a number of organisations took space in the building. A total of 1,960sqm was leased to leading New Zealand law firm Tompkins Wake, business advisors and chartered accountants Walker Wayland, and a New Zealand government department, across levels 17 and 14 respectively.

CBRE’s Live Work Shop report highlighted a number of major trends among occupier of corporate real estate, including:

Working environment now tops the agenda

The quality of the working environment is more important to people than ever before. Around two-thirds of respondents place a higher value on the quality of the working environment than prior to the pandemic. The continuing shift toward hybrid working can strengthen the premium placed on the quality of the working environment.

Office amenities must improve the employee experience

Among internal elements, environmental features such as natural light and better air quality rank highly, along with dedicated space for focused work, and design and aesthetics.

Advanced office technologies such as personalised lighting are also important, along with systems that help in locating colleagues and teammates. Although wellness features are highly valued, as are COVID-19 safety measures, conveniences such as on-site hotel accommodation or day-care facilities are accorded lower priority.

Location decisions and micro-market characteristics are vital

Other external factors also affect workers’ inclination to visit the office, but not uniformly. Accessibility to public transport, quality of overall location in terms of proximity to retail and hospitality, and availability of car parking all play a role, although commute time remains by far and away the most important consideration.

With millennials and Gen Z more concerned about quality of location than older workers, occupiers will need to carefully consider locations that can encourage workers to visit.

Easing commute time is key to improving office utilisation

Tolerance of long commutes is dropping sharply, with respondents naming it as their second most important job selection factor amid a widespread wish to spend much less time traveling to and from work. Three-quarters of respondents want a one-way commute time of no more than 30 minutes, but only 57% currently have one. Conversely, the tolerance to commute for more than 30 minutes in the future is much lower than current levels.

The survey also found that commute time is so important that it affects perceptions of the working environment. Workers with short commutes are more likely to be satisfied with the quality of their office, including internal amenities, than those with longer commutes.

It therefore follows that when making decisions about location and design, landlords and occupiers should pay at least as much attention to travel patterns and the burden of commuting as they do to amenities and design features. Ultimately this could be critical to optimizing employee satisfaction

Zoltan Moricz, Executive Director Research at CBRE New Zealand says that hybrid working and more flexible work arrangements are having less of an impact on space demand than many have thought or feared in the past few years. “High quality workplaces can help bring employees back to the office, attract new talent, improve company culture and community, and increase sustainability credentials.”

We know people can be effective working from home, so we wanted to create a space that promotes collaboration and experiences they cannot get from within their home environment, and Shortland and Fort’s offering fits the bill.

Kristy Brown & Becky Rutherford Fusion5 - Country Managers

Hockey says that there are two remaining spaces in Shortland & Fort that he and Crenfeldt-Smith are marketing to prospective tenants: a 650sqm part of level 17, which is already attracting interest, and a 383sqm fully fitted suite on level 15.

Recent Leases:

Level 19 and 20:

–Award-winning business solutions company Fusion5 has signed a lease to occupy part of level 19 and all level 20 from September this year. Previously located nearby on Shortland Street, business expansion and a desire to occupy premium grade space has driven the move.

–Swire Shipping has leased Part level 19, commencing April 2023, executing a project to reduce their sqm footprint and obtain a superior quality offering on a single floor.

Level 18:

–Approx 1,300sqm was leased early in 2022 to Paymark, who moved from 1,700sqm at 162 Victoria Street into a smaller footprint in a better quality office and location at Shortland & Fort.

Level 15:

–Ocean Network Express is set to occupy a 325sqm custom-fitted tenancy provided by the landlord, global real estate investor Deka Immobilien. An existing tenant has also expanded its space by taking an additional 344sqm of space via a similar custom-fitted tenancy, as has Younity, a leading recruitment firm, which has signed to occupy a 253sqm custom-fitted tenancy, moving from a mid-city location.

Award-Winning Building

Shortland & Fort also recently won three significant awards:

NZIA 2022 Auckland branch Architecture Awards winners: Small Project Architecture

RICS Awards 2022 New Zealand: Property/Facilities Management Team of the Year

New Zealand Design Awards: Refurbished spaces - Gold

Hybrid working and more flexible work arrangements are having less of an impact on space demand than many have thought or feared in the past few years.

Zolton Moricz Head of Research, CBRE

All taken care of.

Generator provides everything you need to make a home for your business. We offer flexible, fully serviced workspace designed for modern ways of working.

You’ll be looked after by a team of business and hospitality professionals who’ll make sure you have everything you need to power productivity and keep your people happy at work, from tea and snacks to IT support to bespoke networking events. And you’ll join a readymade business community that brings opportunities and inspiration your way.

It’s all taken care of at Generator.

For more information, contact:

Campbell Pritchard 021 870 614

campbell.pritchard@cbre.co.nz

Matt Hockey 021 897 465 matt.hockey@cbre.co.nz

Excelsior Level Four, Stanbeth House

22-28 Customs Street East, Auckland CBD

This self-contained character office in the heart of Britomart is character cool in a prime location.

• 30 workstations (sit/stand)

• 2 meeting rooms (AV included)

• Your own cafe collab space

• No CapEx and flexible term

• Located in the heart of Britomart, steps away from train and public transport

• All the perks of Generator membership

66 Wyndham Street

Striking Presence on Wyndham

66 WYNDHAM STREET, AUCKLAND CBD

66 Wyndham Street is a recently refurbished A-Grade office building that provides a striking presence along Wyndham Street. The refurbishment has seen an upgrade of the ground floor lobby, end-of-trip facilities, as well as various mechanical and seismic upgrades.

The building also features an on-site concierge and gym facilities as well as Mojo Coffee café. Providing an array of amenities as well as a secure underground car park.

AVAILABLE FOR LEASE

*Interconnecting

www.cbre.co.nz/1006021Q4

Please contact your agent for more information

Matt Hockey

021 897 465

matt.hockey@cbre.co.nz

Campbell Pritchard 021 870 614

campbell.pritchard@cbre.co.nz

Ease of Access and Connectivity

7-9 FANSHAWE STREET, VIADUCT HARBOUR

Situated on Auckland’s waterfront in the premier Viaduct precinct, 7-9 Fanshawe Street offers stunning modern corporate office accommodation for the discerning occupier.

This central city precinct is highly sought after for its ease of access and connectivity to the CBD core with Britomart Train Station and Commercial Bay within a 10 minute walk.

The available tenancies are suitable for small to medium businesses with options ranging from 123sqm up to whole floor tenancies of 687sqm. All floors have great natural light throughout and either Viaduct or city views with corner balconies featuring on most floors. There are existing fitouts in place that can be utilised, altered to suit your needs or removed to allow for your own bespoke design.

Options on Offer for Everyone

Please contact your agent for more information

Chad Crenfeldt-Smith 021 055 3830

chad.crenfeldt-smith@cbre.co.nz

Stefan Winstanley 021 709 272

stefan.winstanley@cbre.co.nz

Vero Centre

Perfectly Located Office Space

48 SHORTLAND STREET, AUCKLAND CBD

Take advantage of the rare opportunity to become a part of the Vero Centre community – which occupies a pivotal position on Auckland’s most prestigious legal and financial street. The building has stood the test of time and is a triumph of design and function with an international quality hotel style main lobby complete with meeting spaces for guests and tenants, concierge service and first class hospitality provided by the Pavilion restaurant, café and catering. A refreshed corporate gym, wellness centre and modern end-of-trip facilities are right at your fingertips.

The large 1,200sqm floorplates have been carefully designed to provide high spatial efficiency. The central core and column-free design can accommodate a variety of fitout styles and work practices. Full turnkey fitout solutions can be provided.

*Linked by interconnecting staircase

www.cbre.co.nz/1907619Q1

Please contact your agent for more information

Stefan Winstanley

021 709 272

stefan.winstanley@cbre.co.nz

Campbell Pritchard

021 870 614

campbell.pritchard@cbre.co.nz

AREA AVAILABLE: Ground Floor - 2,102sqm

CITY MARKETS

39 MARKET PLACE, VIADUCT HARBOUR

39 Market Place is a stunning character building in the heart of Auckland’s Viaduct.

The building has 2,102sqm of ground floor office available now with a highquality fitout in place. With multiple entrances and a roller door loading dock, there opportunities for a range of tenants. The existing fitout is modern, while showing off the character features of the building including a high stud with exposed services and raw concrete pillars.

The space features a staff and client entertaining area on the northwestern corner of the tenancy with bi-folding windows that open up the space to the impressive views across the Viaduct Harbour.

With ample car parking on-site and close by, the building is just a short walk to Britomart train station and has all the amenity of the CBD on your doorstep.

KEY FEATURES

> Quality existing fitout in place

> Rear loading dock accessed via a service lane

> High stud with character features

> Naming and signage available

> Prestigious Viaduct location

Why quality workspaces are now a baseline requirement

By Kirstin Cooper Senior Workplace Consultant, CBRE

Is the office dead? CBRE New Zealand’s latest research shows that occupiers may be holding station while they try to unpack what new ways of working mean for their workplace.

The prevailing market and media view over the last couple of years has been a pessimistic one, with commentators quick to declare ‘the office is dead’ and speculating that organisations will significantly reduce their footprint due to remote and hybrid working practices.

However, while we are undeniably living in a new working world, the fairly conservative 12% space reduction shown in research suggests that occupiers may be holding station while they try to unpack what new ways of working mean for their workplace.

Occupiers continue to grapple with the evolving state of the hybrid working debate and it is clear that no one has all the answers yet.

There is a general reluctance to require employees to come back into the office full time, with the majority of employers expecting their people to come in around three days per week.

But who’s to say that this may not change again in future? What we are generally seeing is that strongly mandated approaches to hybrid working by employers have not been particularly successful and that more flexible approaches have achieved better outcomes.

What we do know is this: quality workspaces are now a baseline requirement. Global research is showing a common emerging theme - that the best way to attract people back into the office is to provide a great workplace experience. This means we are seeing a shift from forcing people back into the office to attracting them in through design and experience. A shift from push to pull, working to develop the power of the office as a magnet.

There is also a different level of expectation about what the workplace must provide.

In additional to functional spaces, occupiers now need to attract people into the workplace through design and amenity.

The flight to quality shown in our latest research reflects just that: occupiers recognise that it is no longer sufficient to provide a basic workplace, and that attraction and retention are a critical factor in workplace decisions.

At CBRE we partner with organisations to take a wellconsidered, structured approach to determining their future workplace requirements. The recent data suggests that because occupiers don’t have all the answers yet, they want the ability to expand and contract, allowing flexibility if new ways of working continue to evolve and change.

Because there is so much yet be learnt in this space, the question we hear most often from clients is ‘what is everyone else doing?’. To help answer this, CBRE New Zealand’s Associate Director of Research, Gergely Gaspardy, and I have conducted a NZ Future of Work Study, surveying occupiers to examine patterns of working, workplace design and real estate strategy.

We were thrilled to receive responses from over 65 organisations across Auckland, Wellington and Christchurch, who occupy approx. 250,000sqm of office space and represent a “Who’s Who” of occupiers.

Preliminary analysis has identified some interesting themes and patterns. For example, 65% of respondents indicated that people in their organisation work remotely 2-3 days per week, and over 70% of participants described the cultural impact of hybrid working as “positive” or “somewhat positive”. When asked about current or future real estate strategies, nearly half of the respondents selected “relocating to better quality space”.

We look forward to sharing more insights in the coming months, which can help all businesses make better commercial property decisions and create workplaces where everyone can thrive. While the study is now closed, please contact Gergely, one of our agency team or I if you would like to compare your business against the full response set or against your specific industry.

The flight to quality shown in our latest research reflects just that: occupiers recognise that it is no longer sufficient to provide a basic workplace, and that attraction and retention are a critical factor in workplace decisions.

WHERE BIG DECISIONS ARE MADE

QUALITY FINISHES TO ALL UPGRADED SPACE.

PRIME OFFICE LOCATION IN HEART OF CBD.

ADD YOUR BUSINESS TO THE LONG LIST OF SUCCESSFUL COMPANIES IN 34 SHORTLAND.

This well presented building provides numerous office options from part floors to a full floor at 812sqm, as well as three new office suites on level 8. All upgraded spaces have quality finishes and the end-of-trip facilities will be completed Q4 2023. The property is ideally located to public transport alternatives with the advantage of dual entrances to both Shortland and Fort Street. On-site there is car parking and an excellent café where you can get coffee and food while you work.

Contact us below:

Premium quality midtown offices by Alberts

Alberts presents the Formery - a modern workplace located right next to the new Te Wai Horotiu Station and the Sky Tower.

The Formery blends urban materiality with a flowing Coco Republic design that engages your senses, inspires your team and impresses your clients.

The Formery provides the same community, engagement and tenant experience as the iconic 1 Albert Street, but on significantly more attractive terms. The same smiling concierge, meeting areas and improved technology in a curated workspace all with access to a new Alberts Members Club.

Formery East

• Located right next to Te Wai Horotiu Station (Aotea)

• Traditional and Bespoke spaces available of various sizes

• Four contiguous floors available to suit large scale tenants

Formery West

• A short walk to Sky City and the International Convention Centre

• Traditional and Private Suites of various sizes available of up to 30 workstations

• On-site cafe

Quality and Value

High-Profile CBD Opportunity

205 QUEEN STREET, AUCKLAND CBD

205 Queen Street provides high-performing, newly fitted out workspaces that cater for business growth and all size requirements. Column-free floorplates enable you to maximise the workable space allowing occupancy of an entire floor, without paying a premium for privacy.

The contiguous full floors available on the top levels provide exceptional space for larger tenants, whilst for smaller businesses, the floors can naturally split and create a range of options with the ability to move within the building as your company grows.

The building has outstanding services which include brand new end-of-trip facilities and a new business lounge in the mezzanine area with bookable meeting rooms for occupiers use. In addition, a programme of furnished spec suites and on-floor lobby upgrades is being rolled out.

www.cbre.co.nz/1012869Q3

Please contact your agent for more information

Campbell Pritchard

campbell.pritchard@cbre.co.nz

Matt Hockey

021 897 465

matt.hockey@cbre.co.nz

Our Private Offices at One Queen Street comprise seven highquality turn-key offices over two levels. This office solution offers sophisticated businesses with a small office footprint the opportunity to be part of a dynamic business community in the best Auckland location. at

Private Offices

Artist Impression

Artist Impression

Artist Impression

Wynyard Quayside is the final stage of Precinct Properties’ development of the Wynyard Quarter innovation precinct. This opportunity presents the last remaining waterfront offices in this area and in a brand new building with premium amenity for staff including ground floor retail.

Wynyard Quayside

at Wynyard Quarter

Available opportunities

Level 1–5

LEASED

Level 61,961 sqmAvailable Q1 2025

Level 71,961 sqmAvailable Q1 2025

Level 8732 sqmAvailable Q1 2025

For more information, contact:

Matt Hockey

021 897 465

matt.hockey@cbre.co.nz

Campbell Pritchard

021 870 614

campbell.pritchard@cbre.co.nz

Artist Impression

Artist Impression

Artist Impression

Trendy City Fringe Chic

Grey Lynn Industrial Character

316 RICHMOND ROAD, GREY LYNN

CBRE is excited to present for lease this stunning office space at 316 Richmond Road. Available from mid 2023, this top floor northern office tenancy consists of 1,450sqm with smaller split options available. Constructed in the 1960s as an industrial warehouse, the building has been converted into character office space retaining and accentuating its original industrial fabric. High stud vaulted ceilings feature throughout with exposed services and a high quality existing fitout in place that can be utilised, upgraded or altered to suit your particular needs.

Key features of the offering include an outdoor terrace perfect for entertaining, on grade car parks to the door of the tenancy, a popular on-site café and significant signage rights with great exposure to Richmond Road.

AVAILABLE FOR LEASE

Full tenancy 1,450sqm* and 28 car parks

*Split options from 470sqm+

www.cbre.co.nz/AKL100536

Please contact your agent for more information

Nick Theyers

nick.theyers@cbre.co.nz

021 265 4667

Omri Yahel

omri.yahel@cbre.co.nz

021 791 165

AREA

IN THE HEART OF NEWMARKET

25 TEED STREET, NEWMARKET

25 Teed Street is a modern, high quality building right in the heart of Newmarket.

Usually fully occupied and tightly held, an opportunity now exists for 290sqm of fully fit space on level 5. Situated on the north-eastern corner of the top floor, this tenancy is flooded with natural light and enjoys panoramic views of the surrounding area.

The building has a wealth of amenity to cater for your staff needs with end-of-trip facilities and bike storage available in the secure basement and a popular on-site café. Ample on-site car parking is available plus additional storage units if required.

A short walk to the Newmarket train station, close to motorway interchanges and on the doorstep of the Westfield Mall, 25 Teed Street’s location is unparalleled in Newmarket.

KEY FEATURES

> Top floor tenancy

> Existing fitout in place

> On-site café and end-of-trip facilities

> Central Newmarket location

Modern, Vibrant Office

Energy Efficient in Newmarket

105 CARLTON GORE ROAD, NEWMARKET

105 Carlton Gore Road is a five level building providing high quality office accommodation, together with two levels of basement car parking.

Targeting 6 Green Star Office Built and 5 Star NABERSNZ ratings, the completed building will deliver a modern, vibrant office space with intelligent LED lighting, a new air-conditioning system and new end-of-trip facilities providing bike parks and changing rooms.

Available in Q2 2023, take advantage of 105 Carlton Gore Road’s position in an established Newmarket precinct with excellent transport links and surrounding amenities.

www.cbre.co.nz/3751081Q3

Please contact your agent for more information

Omri Yahel

021 791 165

omri.yahel@cbre.co.nz

Nick Theyers 021 265 4667

nick.theyers@cbre.co.nz

Ireland Street

Situated in the commercial precinct at the bottom of College Hill, this standalone option is ideal for a medium sized business seeking quality space in a premium location.

This standalone HQ will be fully refurbished including a warehouse conversion to provide 793sqm of industrial character office space. A newly created rooftop terrace with built-in amenities will be the talk of your staff and clients and provide the opportunity to entertain whilst taking in the panoramic city views.

The location benefits from a wealth of amenity with Ponsonby and Victoria Quarter on your doorstep whilst remaining easily accessible for your staff and clients.

KEY FEATURES

> Standalone offering

> Full character refurbishment

Artist Impression

> Roller door access

> Secure basement car parks

> Naming and signage rights

> Exclusive rooftop terrace

AREA AVAILABLE: Office: 793sqm, Rooftop Deck: 65sqm, 11 car parks

Augustus Parnell

A New Modern Heritage

6 AUGUSTUS TERRACE, PARNELL

Imagine the ease of a workday in this light-filled, architecturally-designed space. A distinctive new landmark in Auckland’s Parnell, Augustus is an address you’ll be proud to call your own.

This stunning building will consist of multi-level retail, car parking and office space. Drawing on the rich merchant history of Parnell, we’re proud to create a modern heritage space for the forward-thinking enterprise.

Augustus is an undeniably stylish environment your team will love being a part of. And with its on-site parking and vibrant hospitality scene, it’s a destination your clients will look forward to visiting.

AVAILABLE FOR LEASE

LEVEL AREA

8 1,067sqm office + 97sqm deck

7 1,176sqm office + 54sqm deck

6 1,680sqm office

5 1,665sqm office + 88sqm deck

www.cbre.co.nz/AKL100308

Please contact your agent for more information

Nick Theyers

nick.theyers@cbre.co.nz

021 265 4667

Omri Yahel

omri.yahel@cbre.co.nz 021 791 165

No.1 The Strand

Let Your Business Thrive

NO.1 THE STRAND, TAKAPUNA

Fully refurbished to the highest grade, No.1 The Strand stands apart from the market as Takapuna’s premium office location.

Available now and modernised with a remodelled lobby, complete services upgrade, on-site café, as well as end-of-trip facilities, the building is a vibrant and exciting home for Takapuna’s thriving business community.

This is your last chance to secure the final vacancies in this enviable asset.

AVAILABLE NOW

LEVEL AREA

2 1,100sqm (with splits from 500sqm)

1 2,600sqm (with splits from 362sqm)

Ground620sqm

www.cbre.co.nz/2043379Q4

Please contact your agent for more information

Omri Yahel

021 791 165

omri.yahel@cbre.co.nz

Campbell Pritchard

021 870 614

campbell.pritchard@cbre.co.nz

All is WELL in high-performing workplaces

A recent CBRE survey of more than 500 commercial real estate professionals worldwide has revealed that buildings that contain a range of sustainable features and look after their people are of increasing value to owners and occupiers.

The results of the Creating Resilience: Strengthening Value Through ESG survey, which were released in February, showed that despite increased economic uncertainty it is clear that the focus on Environment, Social and Governance (ESG) factors in real estate intensified in 2022, and that the value and importance of ESG is set to endure for investors and occupiers.

Two key trends emerged from the survey. First, almost half of respondents would pay a premium for green certified buildings, and 79% of respondents cite green building certifications as having an impact on real estate decisions.

Second, a leading trend to emerge from the survey was a strong emphasis on tenant and employee wellbeing. Nearly half of respondents said they are willing to pay a premium for buildings that support the physical and mental health of their employees.

More than 80% indicated that proximity to public transit (or lack thereof) impacts property values because easier commutes are associated with better employee wellbeing. And 60% of respondents agreed on the top five social building features that impact the value of real estate transactions—all focused on tenant health and wellbeing:

How social building features impact a real estate transaction

While investors and occupiers appear aligned on the top social features of buildings, the survey showed that occupiers more commonly agree on the importance of features that promote employee health, wellness and inclusiveness. As Kaela Fenn-Smith, Managing Director, Sustainability & ESG Consultancy for CBRE UK & Ireland, says in the report: “We’re finding that investors and occupiers are now increasingly seeking to ensure that the buildings they own or occupy deliver employee health, well-being and engagement, alongside a broader benefit to their local communities. We believe that socially responsible real estate addresses not just reputational risk but establishes how best to deliver positive impact.”

Tenants are not only seeking accommodation that aligns with their own ESG goals and standards, but also a higher quality of space with premium amenities.

Nick Theyers Office Leasing, CBRE

‘Green buildings’ mean those that are beneficial to our wellbeing

This survey comes at a time when many companies all around New Zealand and overseas are working hard to attract their employees back into the office. As organisations are coming to realise the value in a sustainable future, they are also seeing the value that well-designed, environmentally conscious and healthy buildings offer not only to improve health outcomes for people and communities but also to draw people back into a healthier world of work. In turn, this is driving concepts such as ‘hotelification’ and ‘earn the commute’ to the fore.

“Your personal space has a direct impact on state of mind, emotional wellbeing and productivity,” says Su-Fern Tan, Head of ESG, Pacific. “Everything from layout and lighting to air quality and sound can impact your health, mood, and productivity. Studies show that employees who work in healthier spaces and buildings take fewer sick days and enjoy a higher cognitive function.”

Speaking during a CBRE Green Week session titled Realising the Benefits of Green & Healthy Buildings, Tan said that numerous studies have shown the benefits of green buildings relating to fresh air, natural light and views. “A building that’s good for people keeps them healthy and maximises wellbeing and productivity. And a building that’s good for the planet is energy and water-efficient, has zero waste and links green modes of transport for its occupants.

“The goal for operators and designers is to hit the sweet spot where you have a healthy building that efficiently consumes minimal resources in the process.”

Tan adds that certifications such as the WELL Building Standard, which was launched in 2014, and Fit Well, encourage behaviour that is conducive to wellbeing. “For example, are there healthy food and snacks offered or are the staircases connected? Those are just some of the things that traditional green building ratings don’t look at,” she says, adding that visionary companies are ones that maximise the people asset. “In a company that has only machinery as its main asset, the company makes sure its machinery is fully maintained. In companies that run on brainpower, it’s important to keep our people healthy, productive, safe and happy in wonderful spaces.”

Mansons leading WELL emergence in Auckland

So, as standards like WELL become increasingly commonplace in commercial office buildings in many parts of the world, how is it playing out in New Zealand? Although it would definitely be a stretch to say that it is commonplace in the Auckland market, it is starting to emerge here as a powerful tool to help building owners wrestling with the ‘flight to quality’ dynamic, says Nick Theyers, Director of Office Leasing in CBRE’s Auckland office.

“Occupiers such as 2degrees have implemented WELL certification in their workspaces now over the past year, and we are starting to see landlords in the Auckland market explore and target this certification. The flight to quality real estate is real as companies seek to attract people back to working in the city in higher quality, healthier, more amenity-filled offices. Tenants are not only seeking accommodation that aligns with their own ESG goals and standards, but also a higher quality of space with premium amenities. This is also about the battle against the home office, proving the value proposition of the office space, and forward-thinking landlords who see the dynamic and the way it is evolving are getting ahead of the curve.”

Theyers says that one landlord leading the way in this area is the developer of 136 Fanshawe Street, where 2degrees is based. Recognised as the market leader in the development of green office buildings, Mansons TCLM has taken their approach even further in their latest development at 50 Albert Street, which is featured below to the left.

Mansons are working to achieve a Platinum Wellness Rating for this latest building, says Culum Manson, Director of the company and a driver of WELL certification within the organisation. “Our strategy is to target a WELL Core Certification, the base build rating, to a Platinum level. For us, the strategic benefit of a WELL Core Certification is that it encompasses everything from the whole building itself to the building management staff and the project owners, thereby requiring buy-in from all facets.

“To deliver the certification, we are in a number of discussions with our suppliers. These range from lighting control options such as daylight harvesting and light tuning options, the thermal performance of the building’s façade, and the scope for improvement of our base build HVAC’s energy efficiency, through to family support policies for direct staff and the provision of fruit, vegetables and nutrition information for the building’s occupants.”

Proposing to target a WELL Certification for all of the company’s future projects, Manson says that there is real value in doing so for the ultimate building owner and all occupants. “Seeking a Core Certification ensures that the provision of the likes of air quality, ventilation and filtration rates, lighting control, on-site facilities (such as end of trip facilities), acoustic levels and thermal control are constructed and installed to an extremely high threshold for the benefit of the building’s occupants. It also provides a logical pathway should any tenants choose to pursue a WELL Certification for their own respective fitouts.

“The credits that we are choosing to apply for have the added benefit of creating a workplace for its occupants that is not only an enjoyable place to work in, but they also establish tangible health and wellbeing benefits for the building’s occupants. The whole point of it for us is to create a platform for tenants to supercharge their wellness and sustainability. The wellness platform is all about occupier comfort. We want to enable tenants to invest in their fitout and space, and give them a leg up. It’s another layer of quality, and the results speak for themselves.

“When we look at the future, it is important for us to keep pushing the boat out in terms of quality. These buildings are like software; we keep evolving them every couple of years to help them get better and better, and we have to keep up with it. Our customers are more discerning, and they need to make the workplace more occupier-friendly and sustainable.”

The standard is now well set, and likely to become the next baseline as occupiers seek everhigher quality space with the premium amenities that green and WELL buildings provide.

Culum Manson Director, Mansons TCLM

The whole point of it for us is to create a platform for tenants to supercharge their wellness and sustainability.

The wellness platform is all about occupier comfort. We want to enable tenants to invest in their fitout and space, and give them a leg up.

Unparalleled Business Environment

AON HOUSE, 72 TAHAROTO ROAD, SMALES FARM, TAKAPUNA

Three options are available in this modern, light filled, spacious tenancy. Located on the first and second floor of Aon House, this space offers a selection of lettable options, with circa 300sqm, 500sqm and 800sqm available.

The building offers under cover parking, end-of-trip facilities and a 24/7 on-site gym across the road. Home to the Goodside, you’ll have Auckland’s finest boutique food and beverage artisans at your doorstep as well as a range of retailers, services, event spaces and businesses. This engaging and renowned work environment is sure to impress.

AVAILABLE FOR LEASE

Leasing opportunities ranging from 300sqm, 500sqm or 800sqm

www.cbre.co.nz/1387266A3

Please contact your agent for more information

Campbell Pritchard

021 870 614

campbell.pritchard@cbre.co.nz

Omri Yahel

021 791 165

omri.yahel@cbre.co.nz

Unparalleled office space in Albany

6 Munroe Lane, Albany

Munroe Lane is in the very heart of the Albany basin, in close proximity to local amenity including retail plus food and beverage at the Albany Lifestyle Centre and Westfield shopping centre.

Key transport links are nearby, including the Albany Park ‘n Ride, with the dedicated bus lane into Albany now completed, along with the SH18/Western Ring Route integration accessibility from transport networks couldn’t be easier.

Nearby North Harbour Stadium & surrounds offers extensive leisure amenity.

Designed from the inside out, and being developed by NZX-listed Asset Plus and Centuria NZ, this campus style development, with extensive floor plates and central atrium, has been designed with the modern workplace in mind. The structural grid has been designed with maximum spans to ensure clear and uninterrupted workspace is provided.

6 Munroe Lane is a 5 Green Star design and has an As Built NZ v1.0 rating (New Zealand excellence). It has already been registered with the NZ Green Building Council. In addition, a 5 star NABERSNZ rating for the building will be achieved.

> Spacious modern office environment

> Large floor plates

> Sustainable Green Star rated building

> Extensive end-of-trip facilities

> 64 car parks will be available (52 single, 12 stacked)

> Excellent day lighting due to three street frontages and an adjoining laneway

> Completion in mid 2023, fitout available now

> Auckland Council is the anchor tenant on a 15-year term

Corporate & Cost Effective

Stanway Business Park

646 GREAT SOUTH ROAD, ELLERSLIE

Stanway Business Park offers tenants an attractive property set in a modern, corporate environment. The Ground and Level 1 tenancies offer well-proportioned office space with great natural light and a high car parking ratio, with competitive incentives available.

Located near the Ellerslie-Penrose motorway interchange, this Southern Corridor location is proving extremely popular with businesses looking for good transport access, secure parking and modern office space.

www.cbre.co.nz/AKL100675

Please contact your agent for more information

Sam Fitzgerald

021 525 110

sam.fitzgerald@cbre.co.nz

Chris Wong 021 964 924

chris.wong@cbre.co.nz

Three Te Kehu Way

Where Work Thrives

3 TE KEHU WAY, SYLVIA PARK

Three Te Kehu Way has been designed for maximum flexibility — use it any way that works for you. Configuration is not set in stone. You can interconnect floors with internal stairs or floors may be sub-divided to meet smaller space requirements, plus make use of the co-working space within the building; the building’s design will accommodate you happily and will be a star performer in our sustainable future.

The Pavilion building will accommodate medical uses, including Local Doctors and Horizon Radiology, with 520sqm remaining on Level 1 (this may be sub-divided).

Designed to a targeted 6 Star Green Star rating for sustainability and 5 Star NABERSNZ certified rating for energy efficiency. AVAILABLE

Total2,722sqm

www.cbre.co.nz/1825111Q3

Please contact your agent for more information

Chris Wong

021 964 924

chris.wong@cbre.co.nz

Sam Fitzgerald 021 525 110

sam.fitzgerald@cbre.com

Office and Showroom

95-105 Leonard Road, Building A, Penrose.

+ 1,410 sqm office (split over 2 levels)

+ 404 sqm showroom

+ 220 car parks

OFFICE AND SHOWROOM

Available NOW

38C Highbrook Drive, Highbrook.

+ 233 sqm office

+ 10 car parks

+ Excellent profile

FULL FITOUT AND CLOSE TO CAFÉS

Available NOW

Level 2, Wynyard Wood House, 60 Highbrook Drive, Highbrook.

+ 417 sqm office

+ Parking available

+ Prime Highbrook Crossing location

SURROUNDED BY AMENITIES

Available NOW

60 Highbrook Drive, Highbrook.

Fully equipped offices accommodating 2, 3, 5, 9, 20 or 40 people!

COWORKING – HOTDESK OR OFFICE

Sam Fitzgerald - 021 525 110 - sam.fitzgerald@cbre.co.nz

Chris Wong - 021 964 924 - chris.wong@cbre.co.nz

Born through a successful capital partnership between Oyster Property Group and leading global investment firm Kohlberg Kravis Roberts (KKR) in 2017, the precinct occupies a prominent position in Auckland’s southern corridor.

In 2021 Oyster and KKR expanded Central Park’s offering with the launch of The Green, an awardwinning food and beverage precinct catering to over 3,000 onsite workers, as well as visitors to the park.

Formerly an underutilised car park, The Green is a vibrant, people-centric destination comprising six food and beverage outlets and an expansive outdoor area with a movie screen, barbecue space and covered seating. A worthy focal point at Central Park’s main entrance, The Green provides a home for this suite of new amenities and is easily accessible with improved wayfinding and pedestrian connectivity.

“The Green is a great spot to get away from the ‘hustle and bustle’ of the office and enjoy the sun. Having the sheltered area caters for those not so sunny days too.”

Jaine, Restaurant Brands Limited

Tenant feedback from a park-wide survey informed the aim of the development, capturing their wish to increase the level of amenity on offer to the approximately 70 tenancies at Central Park. Seventy one percent of respondents said they would like additional food and beverage offerings on site, and 48 per cent wanted more outdoor eating areas.

The resulting precinct provides for a variety of activities: events, pop-ups, food trucks or art installations for starters. It’s all-weather ready; covered seating areas feature picnic tables, leaners and beanbags.

660 Great South Road, Greenlane

The plaza has safer connectivity and is pedestrian and cycle-friendly. Traffic calming and wayfinding have been improved, and the plaza has e-bike charging and visitor parking. At night, ambient lighting illuminates the space alongside safety and security lighting and signage.

The design, which has a strong sustainability focus, builds in extensive re-use of existing structures and terrain. For example, the existing car park was strengthened but not for cars: for crowds. It was also resurfaced, now having paving, turf and decking areas, while sustainably sourced timber was used for decking and feature landscape walls.

“As long-term tenants, we have seen The Green become a key attraction factor in the working environment we can offer our teams on site. With plenty of outdoor space, great food options, and public transport right next door, The Green has elevated Central Park and made a real difference to our experience of working here”

Angela, New Zealand Health Partnerships

The development of The Green radically transformed an area that was previously dated, disconnected and car park dominated, into a place where people can gather to take advantage of new centrally located and modern facilities. The development’s reputation played a significant part in Oyster securing a new 3,350sqm office building, currently under construction for KiwiRail.

Meanwhile, demand for tenancies at Central Park show that it’s a place companies want to be: the asset is over 95% occupied.

Central Park is one of Auckland’s largest commercial business parks and is paving the way for the next generation of multi-use developments.

• Central Park is home to more than 70 businesses and approximately 3,000 people on-site.

• A commercial hub of 12 office buildings totalling approximately 48,000sqm in net lettable area.

• The estate occupies a prominent position in Auckland’s southern corridor. This Greenlane location is well-connected with nearby public transport, including Ellerslie Train Station and well-serviced main bus services.

• The Green, Central Park’s Food & Beverage Precinct, provides an enhanced offering of eateries, and a recreational landscaped plaza.

VACANCIES

BUILDINGLEVELAREAAVAILABLE

Ellerslie, Auckland

Welcome to Millennium, a vibrant, green working environment in the heart of Auckland’s Southern Corridor. Nestled in over three hectares of landscaped grounds, our premier corporate campus provides a great place to work.

With seven freestanding office buildings, gym, end-of-trip facilities, tennis court, and an array of food and beverage options, Millennium has everything you need in one place. Millennium is conveniently located close to public transport (bus and train) and State Highway 1, with ample car parking available, including two levels of basement parking and a sixlevel above-ground car parking building, making it easy for you and your team to get to work.

Millennium offers a range of leasing options that can be tailored to suit your business needs. Whether refurbished open-plan office spaces or bespoke design, we can help you create a space that reflects your brand and inspires your team.

Join us at Millennium and experience the perfect balance of work and play. We look forward to welcoming you!

Modern Office and Excellent Profile

56 CAWLEY STREET, ELLERSLIE

Agility CIS House offers huge profile with its excellent location just next to the Ellerslie-Penrose motorway. This modern and prominent 11-storey building provides a solution to your office requirements with a refurbished base build with great natural light, generous parking and excellent views of Auckland. Public transport (bus and rail) is within easy walking distance. Spaces are ready to occupy so talk to an agent to discuss your options.

Please contact your agent for more information

Sam Fitzgerald

sam.fitzgerald@cbre.co.nz

021 525 110

Chris Wong

chris.wong@cbre.co.nz

www.cbre.co.nz/AKL100586

021 964 924

AREA AVAILABLE: 415 - 6,000sqm

656 GREAT SOUTH ROAD ELLERSLIE

The building's design focuses on function, efficiency and finding beauty in aged utilitarian elements. Presented as brand new, the simple clean large efficient floorplates are ready for your bespoke tenant fitout. The sawtooth feature ceiling on Level 1 with new sky lights and glazing provide a fantastic sense of open space while providing generous natural light. Expansive exposed steel highlights the character and charm of the exposed brick featured throughout.

Convenient car parking is available on-site. The location is highly accessible with motorway connections nearby, as well as train and bus options plus numerous cafés within a walkable distance.

KEY FEATURES

> Signage opportunity available

> Impressive stud height achieved from having exposed services

> Dual entry from Sultan Street and Great South Road

> Quality building services and 4 star Green Star rating