NZ Occupier Update | 4 March 2020

NZOccupierUpdate4March2020NEW

Local updates

  • Auckland Council, via Panuku and Colliers International, are selling their Orewa Service Centre located at 50 Centreway Road, Orewa. The property features 7,482 sqm of floor area on 19,305 sqm of freehold land. The property is unique by way of its central location, large scale, and opportunity for vacant possession after a short leaseback from the council. More info here.
  • Ōtuataua Stonefields, which neighbours the disputed land at Ihumātao, has been granted category one heritage status by Heritage New Zealand. Heritage New Zealand received 1,551 submissions on the matter. More info here.
  • Tainui Group Holdings and Port of Tauranga announced plans to create a joint venture to bring forward works at the Ruakura Inland Port. The development is set to unlock significant economic benefits.  More info here.
  • The central government are launching a place-based assessment of the housing problem in Rotorua. The aim is to understand the causes of housing pressure and work with local communities to change Rotorua’s status as a homeless hotspot. More info here.
  • The Scenic Hotel Group has announced plans to carry out a multi million dollar makeover of its Dunedin hotel. The upgrade is due after 17 years without substantive refurbishments. More info here.

Overseas updates

  • Lendlease has obtained Queensland's first WELL Core and Shell Platinum certification for 25 King Street - the tallest engineered timber office building in Australia. It will also have a 6-star Green Star certification. More info here.
  • AMP Capital’s Quay Quarter Tower in Australia has achieved a 6-star Green Star rating. It is the first building globally to retain two-thirds of the building’s original core during construction, resulting in a large carbon saving of 6.1 million kilograms. More info here.
  • Centennial College is planning Canada’s first zero-carbon, mass timber higher-education building. The project is set to be completed in 2023. More info here.
  • Google has announced plans to invest more than $10 billion during 2020 in offices and data centres in 11 states in America. The aim is to deepen the company’s roots in America and to create more jobs for local communities. More info here.

Related Experts
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Chris Farhi

Director | Strategic Advisory

Auckland CBD

Chris is a Director within the Strategic Advisory team. The team helps you with your big property decisions and complex transactions.

Chris' advisory work focuses on:

  • Decision making processes (eg property strategy, business cases, feasibilities, etc)
  • Tenant representation for large lease transactions (office,  industrial and specialist-use)
  • Multi-site networks (eg consolidation strategies, optimisation, etc)

Chris’ background in brief:

  • Property strategy advisor for some of New Zealand’s most successful private sector, public sector and non-for-profit organisations.
  • Tenant representative (tenant-paid lease negotiator) for organisations ranging from small-to-medium enterprises through to major listed companies and government agencies.
  • Specialist skills in commercial leasing, financial analysis and market research.
  • Part-time lecturer at the University of Auckland Business School and commercial leasing trainer for the Royal Institution of Chartered Surveyors.

Chris’ qualifications include Honours degrees in both Civil Engineering and Property from the University of Auckland, and a Master of Philosophy from the University of Cambridge, UK. He is a Chartered Member of the Royal Institution of Chartered Surveyors.

Outside of work, Chris is a combat engineer in the NZ Army Reserve and a keen baker.

View expert
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William Silk

Analyst | Stategic Advisory

Auckland CBD

William joined the Strategic Advisory team as an Analyst  in the Auckland CBD office in 2019, after completing studies at The University of Auckland. 

Specialising in reseasrch, reporting and analysis to support strategic commercial proprety decision making. 

View expert