Wellington, 22 April 2015 - Equinox House in the heart of Wellington has been sold for NZ$18.15 million to Robt. Jones Holdings. This is the latest acquisition for Robt. Jones Holdings, a private investment company which is already the largest commercial property owner in the Wellington CBD.
CBRE’s Matthew St Amand alongside Peter Wilkin and Bill Leckie of Colliers International marketed the property, it attracted interest from investment groups based in New Zealand and overseas.
Situated opposite the iconic Kirkaldie & Stains department store, Equinox House offers 16 levels of modern office accommodation plus two strategically located retail shops fronting onto Lambton Quay and enjoys the benefit of frontages to both Lambton Quay and The Terrace.
Matthew St Amand, Managing Director of CBRE Wellington said the fact that Equinox House was a freehold, fully leased investment attracted strong interest and highlights the continued demand for prime Wellington buildings in strategic locations.
Peter Wilkin, from Colliers International, added, “The location was a significant draw card for prospective purchasers. Equinox House occupies a prime position in Wellington City and offers harbour and city views, easy access to the central city amenities and transport facilities.“
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.