Investment Highlights

A-Grade, Freehold buildings for sale (Building C)

Building 100% leased to Telecom New Zealand for 10 years

5 Green Star rated building completed in 2010

Vendor providing a full 10 year defects and capital expenditure warranty i.e. guaranteed no irrecoverable outgoings for the period to 31 May 2024

Globally saleable commercial assets, of the highest quality

This is the ultimate passive investment

Telecom Place is one of the most modern and highly specified building complexes in New Zealand, with architecture by Architectus and interior design by Warren and Mahoney/Geyer. These buildings have won architectural awards and feature the latest, and greatest, when it comes to building services and technology.

Telecom Place is situated in a prime position on Victoria Street West, on the progressive western side of the Auckland CBD. This area, known as the Victoria Quarter, is within easy reach of the major public transport links, vibrant city centre, and popular Victoria Park. The complex features four buildings with a common central atrium and courtyard, with high quality amenities on-site and nearby, including cafes, restaurants and Les Mills gym.

Tenancy Details:

10 year leases to Telecom New Zealand Limited

Current term expires 31 May 2024, with 2 x 6 year rights of renewal

Fixed annual rental escalations of 3% p.a. with next increase due 1 November 2014

At 10 years, these two buildings provide some of the longest WALTs in the market.

View online at www.telecomplace.co.nz

Contact

Paul Hain

021 846 847

Mike Bayley

021 670 101

John Binning

021 944 442