Capital Props in govt camp

Saturday 21 August 2004

Wellington-based listed Capital Properties has confirmed its place as the leading provider of office buildings to government departments following the recent deal to build the new Defence headquarters.

By The Landlord

Other property managers will view the 18-year lease jealously. It is understood to be one of the largest at 18,300sq m, and one of the longest, with rights of renewal for two further six-year terms.

The New Zealand Defence Force, Ministry of Defence and the Security Intelligence Service (NBR, April 30,04) will lease the planned seven-level building to be built on the corner of Mulgrave and Aitkin sts, Thorndon.

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