ASB North Wharf
ASB North Wharf is a showcase of environmental design and innovative office space solutions. It is an award-winning, seven-level office building which was developed by Kiwi Property for ASB Bank. ASB has a lease over all the office space until 2031. The waterfront location and striking architecture have made it a landmark on the cityscape, and it includes award-winning restaurants creating an active frontage to North Wharf.
key features
waterfront address
situated on the Auckland waterfront, surrounded by great dining options.
flexible working
ASB North Wharf provides activity-based working accommodation.
blue chip tenant
ASB is one of New Zealand's largest banks, with more than 1.3 million customers
key facts
| ownership interest (%) | 100 |
|---|---|
| building grade | a-grade campus |
| date completed | May-13 |
| last refurbished/redeveloped | N/A |
| net lettable area (sqm) | 21,625 |
| typical floorplate (sqm) | 4,000 |
| carparks (no.) | 97 |
| net operating income ($m) | 12.5 |
| occupancy (%) | 100.0 |
| weighted average lease expiry (years) | 11.7 |
| valuation ($m) | 230.0 |
| capitalisation rate (%) | 5.38 |
| 10-year internal rate of return (%) | 7.6 |
Unless otherwise stated, all statistics are for the year ended/as at 31 March 2019.
who's at ASB North Wharf?
ASB North Wharf is the head office of ASB Bank, which began an 18-year lease over all of the building’s office space in 2013, locking in a valuable long-term income stream for our investors. At street level, the space is occupied by food and beverage tenants.
91%
banking
9%
specialty stores
our asset manager
To speak to our Asset Manager, please contact:
lease with us
We're passionate about providing exceptional spaces for businesses to flourish. We do not have office space available at ASB North Wharf. If you are looking for great office space at any of our other properties, contact our leasing team today.
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