Two large portions of floor space within a modern high-quality office building located in the heart of Auckland’s high-growth North Shore suburb of Albany – and prominently visible from State Highway One – are coming up for lease later this year.
The three-storey office premises at 51 Corinthian Drive in Albany on Auckland’s North Shore is currently occupied by retail banking giant Westpac - which is relocating some of its operations.
Westpac will remain in the building, however the bank’s relocation process will see some space become available for occupation in the fourth quarter of 2021. Fellow big name retail banks BNZ and ASB are also both located on Corinthian Drive.
The three-storey building at 51 Corinthian Drive has a seismic rating of 100 percent, and the space becoming available for lease consists of:
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• 490 square metres of office space on level 1
• 474 square metres of office space on level 2
• 132.5 square metres of office space or retail premises on the ground floor
and car parking for 29 vehicles.
The property is managed by Oyster - one of New Zealand’s leading commercial property and fund managers. The company manages a range of retail, office and industrial assets throughout New Zealand, with a combined value in excess of $2 billion.
Albany has been identified by the Auckland Council as one of the three ‘nodes’ outside of the city centre, in addition to Westgate and Manukau, and plays a strategic role as the node for the north. As Auckland continues to grow and develop, the identified node areas will be responsible for supporting business and residential growth in the immediate and surrounding suburbs. Albany has been identified as a focal point for future employment, commercial and social activity providing significant opportunities for additional business and residential growth.
The property at 51 Corinthian Drive is now being marketed for lease through a General Agency with Barfoot & Thompson Commercial North Shore. Leasing agents Nick Brown and Max Andrews said that in addition to taking up workspace within the open-plan office complex, there was also the potential for a new tenant to acquire naming and signage rights to the property.
“Entry to the address is through a modern lobby on the ground floor. The offices on the upper two floors will be provided with a new kitchen and lunchrooms, boardroom and meeting rooms depending on the tenant’s requirements.” Mr Brown said. “The property was designed along an open-plan format to ensure natural light was available to as much of the internal space as possible – delivering a high degree of energy efficiency in the process.”
The property at 51 Corinthian Drive offers easy access to the Albany Expressway and State Highway One to Auckland CBD, only 18km from Auckland’s CBD and is walking distance to New Zealand’s fourth largest shopping centre.
Mr Brown said the striking building – clearly visible from State Highway One and the Albany Expressway – would ideally suit corporates looking to gain profile for signage, Government tenants or tenants looking to restructure their commercial real estate requirements as a result of the social and workplace changes experienced by businesses around the world over the past 12 months.
“As the ramifications of New Zealand’s Covid-19 lockdowns continue to flow through to the commercial real estate scene, the sector is observing a push from some large companies to restructure their footprints, and some are now additionally housing personnel in suburban satellite offices on Auckland’s metropolitan perimeter. Albany is one of those perimeter hubs,” Mr Brown said.
“Companies are now taking on board a greater emphasis from staff preferring to work from home or satellite offices as staff have found over the past year that they in fact prefer working outside of a centralised corporate environment yet still within a structured workplace.”
Mr Andrews said that for employee commuting convenience, the building was handily located to both the Albany park-‘n-ride bus station and the Greville Road on and off ramps connecting State Highway One from the North and South and linking to the East Coast Bays.
“The Corinthian Drive commercial precinct is home to a wide range of national and international commercial tenants - including North Shore District Court, law firm McVeagh Fleming, Kids Cove Childcare Centre, Mitre 10’s head office, the New Zealand offices of science and medical systems manufacturer Olympus, gaming machine trust operator The Lion Foundation, the base for logistics and freight forwarding operator Peter Baker Transport (PBT), and the Oracle Business Centre,” said Mr Andrews.
“Numerous good food and beverage operations are located along Corinthian Drive – servicing the substantial number of staff working in the surrounding commercial office premises and of course the Westfield Mall, Mega Centre, Leisure Centre and a range of recreation options are within a minutes’ drive."
