logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
New Zealand
  • Global
  • United States
  • Albania
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Bosnia & Herzegovina
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Croatia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Montenegro
  • Morocco
  • Netherlands
  • New Zealand
  • North Macedonia
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Saudi Arabia
  • Serbia
  • Singapore
  • Slovakia
  • Slovenia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Lines
      • Advisory & Transaction Services
      • Capital Markets
      • Global Workplace Solutions
      • Property Management
      • Valuation & Advisory Services
    • Industries & Specialties
      • Build-to-Rent
      • Building, Depreciation & Cost Consultancy
      • Hotels
      • Industrial & Logistics
      • Office Leasing
      • Retail
      • Self Storage
      • Sustainability
      • Flexible Workspace
    • Services for Investors
      • Debt & Structured Finance
      • Host
      • Institutional Investments
      • International Investments
      • Investment Advisory
      • Property Sales
      • Structured Transactions and Advisory
      • Leasing & Advisory
      • Metropolitan Investments
      • Property Management
      • Valuation & Advisory
    • Services for Occupiers
      • Enterprise Facilities Management
      • Host
      • Leasing & Advisory
      • Portfolio Services
      • Project Management
      • Transaction Management
      • Valuation & Advisory
      • Workplace
  • Properties
    • Office
      Industrial
      Retail
      Land
  • Research & Insight
    • New Zealand Research
      Asia Pacific Research
      Global Research
      COVID-19 INSIGHTS
      Insights & Expertise
      Talking Property Podcast
  • People & Offices
    • New Zealand Executive Committee
      Pacific Executive Committee
  • About CBRE
    • Careers
      Case Studies
      Client Tools
      Corporate Information
      Corporate Responsibility
      Investor Relations
      Media Centre

Previous

Press Release
Capital takes out top spot in Asia Pacific in international property investor survey

Next

Press Release
Physical workspace: Inventions, innovations and ideas in the workplace
  • Home
  • About CBRE
  • Media Centre
  • Wellington CBD office building goes on the market

Eye catching, award winning Wellington CBD office building goes on the market

Wellington | 22 June 2018
  • Email
  • Share
  • Tweet
  • Share

Spark Central Wellington Commercial Property For Sale CBRE New Zealand

Strong international investor interest is expected for Spark Central, the architecturally award-winning Wellington office building, which has been put up for sale.

CBRE New Zealand, as exclusive agent, is offering Spark Central to the market by way of an International Expressions of Interest (EOI) campaign which began this week.

Located at 40-48 Willis Street, Spark Central is considered one of the largest and highest quality office assets in the Wellington CBD.

The 12-level building incorporates a refurbished heritage building at the Willis Street frontage, and an 11-floor new office tower on Boulcott Street, plus three levels of underground car parking and an internal pedestrian link through the building connecting both city thoroughfares.

Completed in December 2011 the building quickly assumed a prominent position in the Wellington skyline with its singular, angled glass façades rising above the street. The design feature contributing to Spark Central winning the 2012 Wellington Architecture Award for Commercial Architecture.

Award judges also recognising the building’s “atrium incorporating a transparent lift shaft and open stairwell connecting the building’s various levels both functionally and visually and making for a dramatic spatial experience.”

Occupying a 3,658sqm site with a net lettable area of 28,000sqm (approx.) the building has floor plates ranging from approximately 1,336sqm to 2,837sqm and is currently home to a number of high profile occupiers including Stuff, Spark, Bank of New Zealand and AMP.

Using the latest in environment design, including energy efficient lighting, solar panels and chilled beam HVAC Spark Central was awarded a 5 Green Star NZ - Office Design V1 Certified Rating.

Brent McGregor, Executive Chairman for CBRE New Zealand, says the sale of Spark Central presents an unparalleled opportunity to acquire a premium Wellington CBD office tower in the heart of the CBD.

“Spark Central is an extremely attractive institutional grade building offering a 5 Green Star-rated office complex that merges heritage architecture, futuristic façades and sky-bridges, glass elevators and leading interior design concepts.

“With a Net Income of approximately $14.4 million per annum plus GST, the building is expected to draw significant international interest from groups looking for large scale deals.”

Matthew St Amand, Managing Director, CBRE Wellington says the elevated in interest in quality buildings following the Kaikoura earthquakes in 2016 will also ensure the building is sought after.

“With an A+ grade seismic rating, Spark Central is well placed to benefit from Wellington’s vacancy and strong forecast rental growth and offers investors a high-quality income stream.”

Prospective purchasers are invited to submit an EOI no later than 4pm (NZST) Thursday 5 July 2018 with all offers being provided to CBRE, the exclusive agent.

For New Zealand/international news or global stories, follow us on Twitter.

ABOUT CBRE GROUP, INC.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com..

Media Contacts

Adeline O'Connor
Adeline O'Connor
Associate Director - Marketing
New Zealand
Marketing & Communications
+64 9 359 5418
  • Corporate Information
  • Corporate Responsibility
  • Media Center
  • About CBRE
  • Careers
  • People & Offices
  • Executive Committee
  • Investor Relations
  • Contact Us
  • Global Web Privacy and Cookie Notice
  • Complaints and Dispute Resolution Procedures
  • Sitemap
  • Terms of Use
  • LinkedIn
  • Twitter
  • Youtube
  • Facebook
  • Instagram
CBRE Limited and CBRE (Agency) Limited, Licensed Real Estate Agent (REAA 2008)