The Aurora Centre
The Aurora Centre is a mainstay accommodation option for the New Zealand Government with all of the office spaced leased to the Ministry of Social Development until 2034. A comprehensive refurbishment and seismic strengthening project was completed in 2016, and now proudly holds a 5.5 star NABERSNZ Energy Rating.
key features
100% leased
The Ministry of Social Development began an 18-year lease in August 2016 over 100% of the office accommodation.
bigger floorplates
the refurbished office space has expanded, efficient floorplates of over 1,800 sqm for the lower levels.
great location
easy walking distance to Wellington's Beehive building, the core of the parliamentary district.
key facts
| ownership interest (%) | 100 |
|---|---|
| building grade | A-grade |
| date acquired (constructed 1968) | Apr-04 |
| last refurbished/redeveloped | 2014-2016 |
| net lettable area (sqm) | 24,503 |
| typical floorplate (sqm) | upper: 1,100 / lower: 1,800 |
| carparks (no.) | 308 |
| net operating income ($m) | 4.5 |
| occupancy (%) | 100.0 |
| weighted average lease term (years) | 15.7 |
| adopted value ($m) | 152.1 |
| capitalisation rate (%)* | 6.38 |
| 10-year internal rate of return (%)* | 8.3 |
| *As at 31 March 2018 as assets were not independently valued at 30 September 2018. |
Unless otherwise stated, all statistics are for the six months ended/as at 30 September 2018.
who's at The Aurora Centre?
The Aurora Centre has undergone a major redevelopment and is occupied by the Ministry of Social Development on an 18-year lease.
98%
government
2%
other
our asset manager
To speak to our Asset Manager, please contact:
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We do not have office space available at The Aurora Centre. If you are looking for great office space at any of our other properties, contact our leasing team today.
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