Misc

Trade & enterprise signs for the majestic centre

Press Release: Kiwi Income Property Trust

Wednesday, October 06th 2004

Kiwi Income Property Trust advised today that it has signed a lease with New Zealand Trade & Enterprise (NZTE) for 3,000m2 in its landmark Wellington office building, The Majestic Centre.

NZTE will become the first New Zealand government tenant in the building, a New Zealand architectural icon and one of Wellington's highest quality CBD office buildings.

NZTE will occupy two floors and part of two others and will join, among other tenants, Ernst & Young, Opus Consulting, IBM, and the Embassy of Japan. The office space is now 93% occupied, with strong interest in the remaining available space. Commercial Portfolio Manager for the Manager of the Trust, Jon Lesquereux, said the signing of NZTE as a major, long-term tenant underscored the fundamental value of the building.

"The Majestic Centre is one of New Zealand's great office buildings, favoured by corporate tenants for its scale, international quality specifications, unique architectural characteristics and accessibility to the city. Its ability to attract and accommodate a Crown entity with a commercial focus is testimony to its quality and value."

Mr Lesquereux said the signing of NZTE coincides with the current upgrade of the building's lobby, which will incorporate an espresso bar and meeting area, and the refurbishment of the gymnasium.

NZTE's lease will commence from 1 May 2005.

ENDS
Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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