Turnkey office suites bring premium ready to go office space

Wellington businesses wanting the prestige of a central Lambton Quay address without the cost, time and complexity of a bespoke fitout are being offered three new turnkey office suites. 

CBRE is marketing the premium, fully fitted-out suites on Level 14 of the NTT Tower at 157 Lambton Quay on behalf of Precinct Properties, which designed the spaces in partnership with Cachet Group.

Kevin Pugh, Head of Wellington at Precinct, said there is strong enquiry from businesses seeking premium office spaces that are ready to occupy, and this demand continues to grow in Wellington.

“These turnkey suites have been designed to meet that need, delivering the same thoughtfully designed spaces, with high-quality finishes and a premium workplace experience that we’re known for in Auckland. We’re excited to bring that same standard of quality to the capital.”

The suites follow Precinct's fitout on Level 2 at the Aon Centre, which was the first turnkey office offering of its kind in Wellington, said Paul Soulis, Associate Director of Office Leasing at CBRE. 



"Many tenants are looking for fully fitted out space to save cost and time and the Aon Centre suite leased very quickly as a result. Its success showed there is strong demand in Wellington for high quality office space that is ready to occupy from day one." 

Precinct has delivered similar suites at Commercial Bay in Auckland and Australian office tenants are also very familiar with this type of turnkey space, Soulis said. 

"There is only a handful of landlords who can fund fitouts of this quality without precommitment from tenants, so this is a great opportunity to secure premium space from a landlord with the resources to provide an excellent product." 

The new suites respond to the changing needs of businesses; with flexibility, speed to occupancy and certainty of cost becoming increasingly important as organisations reassess their workspace requirements ahead of upcoming lease expiries. 

"Tenants often leave decisions about lease expiries or office moves quite late. Having premium space that is ready to occupy is a real advantage for those occupiers. It suits businesses that can't wait nine months or a year to complete their own fitout, and who also want to avoid the cost of a bespoke project." 

The three suites range from about 225sqm to just under 500sqm and can accommodate between 24 and 45 workstations, with layouts designed to incorporate focused work areas, breakout spaces and meeting rooms. Each suite includes arrival and waiting areas and kitchens, while the two larger suites also have boardrooms. 

Working closely with Cachet, Precinct has designed attractive, timeless interiors, giving businesses the convenience of a turnkey solution without compromising on quality, design or workplace experience. 

NTT Tower comprises 25 levels of commercial office, retail and car parking, with its entrance facing Midland Park in the heart of Wellington's central business district, close to shops, cafes and bars. The building provides panoramic views of Wellington Harbour and the inner city.


Building amenities include end of trip facilities with showers, changing rooms and hair dryers, secure bike storage, an on-site concierge, basement car parking and an attractive lobby which was refurbished in 2024. Train and bus services are also close by.

This level of office amenity meets the demands of office occupiers today, Soulis said. 

"Tenants are increasingly driven by building quality and surrounding amenity. They are demanding features like attractive lobbies and generous end of trip facilities with easy access to retail, food and transport.” 

This is reflected in Wellington's relatively low premium grade office vacancy, with secondary grade vacancy having increased significantly since 2022 as tenants shift to higher quality premises, according to CBRE Research surveys.

With no new office development expected in Wellington in the coming years, the supply of high quality space is becoming scarce, Soulis added.

"For businesses with a lease expiry approaching, these suites offer real certainty in the form of premium space, at a known cost, that is ready to occupy straight away."