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New Precinct Properties’ Wynyard Quarter offices to lease a real win for businesses

NZAucklandCBDCommunicationsNew Precinct Properties Wynyard Quarter offices to lease a real win for b

Construction is underway on two architecturally designed, 6 Green Star office buildings in the highly sought-after Wynyard Quarter Innovation Precinct.

NZX-listed Precinct Properties are developing the buildings and have undertaken the projects because demand for top-quality spaces continues to exceed supply in Auckland’s CBD. Their prominent PwC Tower is 100 per cent leased, while the adjacent HSBC Tower has no full floors available.

These new state-of-the-art premises will be surrounded by a range of office buildings and growing amenity supporting the rise in residents in the area and will provide future-focussed office space that will spark creativity and deliver an outstanding environment for its occupants.

124 Halsey Street, Wynyard Quarter is a 10,842sq m nine-level office building and the property will be supported by the neighbouring 1,608sq m, three-level Flowers Building, both of which are targeting a 6 Green Star Design and As Built rating, which is the NZGBC’s highest rating.

The properties, known as Wynyard Quayside, have been designed by leading architecture firm Warren and Mahoney and will be completed in late 2024. They have been configured to maximise their proximity to the harbour and outlook towards the city.

The buildings will have first-class end of trip facilities, secure cycle parks, and 174 car parks, alongside electric vehicle parking.

Colliers have been appointed to lease the properties.

Sam Gallaugher, Director of Office Leasing at Colliers, says the building at 124 Halsey Street has floors ranging in size from 457sq m to 1,731sq m, providing flexible solutions for prospective tenants.

“The building design will offer a range of floor plates that will prove highly functional for a wide array of different uses. The upper levels will be elevated above the rest of the building with views overlooking the CBD and harbour,” Gallaugher says.

“An integrated design allows for smooth transition between work and play, with a cafe lobby on the eastern corner entry point off Halsey Street and potentially a bar and restaurant located in Halsey Traders outside the northern entrance of the Flowers Building.”

Lucy Mackenzie, Commercial Leasing Broker at Colliers, says the available floor space in the Flowers Building spans between 480sq m and 580sq m.

“The Flowers Building is a mass timber structure, a re-emerging construction material selected for both its contribution to a sustainable development, but also an appealing architectural feature,” Mackenzie says.

“The design intent for the Flowers Building has been to display the timber columns, beams and underside of the CLT floor as much as possible. Inviting aesthetics and occupant wellbeing are major features of mass timber construction.

“Expansive floor to ceiling heights of 3.8m on the ground floor and Level 1 highlight the building features and emphasise the exposed services. The top floor, Level 2, benefits from a saw-tooth roof design, increasing the ceiling heights beyond 4m.”

Anthony Randell, General Manager of Property at Precinct Properties, says a supplementary offering to incoming occupiers is that Precinct owns Generator – New Zealand’s leading flexible workspace provider.

“Generator is already well established at Wynyard Quarter and can provide immediately adjacent event space, which delivers incoming occupiers a highly efficient, flexible work environment.”

Gallaugher says the area is part of a high-profile location and the amenity-rich Wynyard Quarter has many prominent tenants with a vacancy rate of only 1.5 per cent across some 110,000sq m of floor space.

“This is already an enviable position for many existing businesses and the Wynyard Quarter Innovation Precinct is home to internationally renowned names, including Google, IBM, Microsoft, Warren and Mahoney, and ASB, among others.

“Wynyard Quarter is very close to the CBD but has the benefit of being a low-rise development built to a human scale. Here, staff can be part of a truly mixed-use commercial, hospitality, residential and arts precinct. Laneways, cafes, parks, shops, arts, events, and of course, the waterfront, are all there.”

To view more investment opportunities use our property search here.

Related Experts

Sam Gallaugher


Auckland CBD

As Director of Office Leasing, Sam leads the Auckland CBD team of 12 brokers and support staff to connect tenants with the very best spaces for lease across the CBD and city fringe. Sam has over 20 years of commercial property experience with ten years at Colliers International and five years leading the Auckland CBD leasing team. Sam has a thorough understanding of the Auckland office market and has developed strong relationships with some of the city’s largest office owners and occupiers.

Prior to joining Colliers in 2010, Sam worked in the South Auckland leasing and sales market before taking up an international transfer to work in London in the West End Office market. Sam spent six years in London specialising in office leasing, acting for both tenants and landlords.

Sam now specialises in Auckland CBD leasing and has been instrumental in some of the largest deals in the city.  Most recently the leasing of the brand-new, PWC Tower at Commercial Bay, acting for Fidelity Life with their relocation to 136 Fanshawe Street and stay put negotiations for The Australian Consulate, Morgan Coakle and Haigh Lyon.

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Lucy Mackenzie


Auckland CBD

Lucy is an office leasing broker in Auckland CBD and specialises in assisting corporate occupiers and small to medium enterprises to find the best office spaces for their business. She has completed lease deals with various tenants in the CBD ranging in size from 100sq m to over 1,000sq m.

Lucy has over four years of industry experience, including several years as a Property Manager in Colliers Corporate Solutions Team. She has been involved in a variety of leasing transactions, including new leases, renewals, and rent reviews for notable clients such as BNZ, Tower Insurance, and Air New Zealand.

Lucy has proven herself to be an expert in her field having previously received the Corporate Solutions ‘Most Valuable Player’ award in 2018, the most prestigious accolade available within the team.

She has a wealth of experience working with major corporate occupiers and has the right combination of drive, professionalism, and energy to really deliver for her clients.

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