New addition snapped up in Goodman’s Central Park
The newly completed One Central Park building which is 80 per cent occupied by Youi Insurance.
The new flagship One Central Park building in the heart of Goodman Property’s largest office estate at Greenlane has been snapped up by Youi Insurance which has occupied 80 per cent of the space.
However, the top floor of the recently completed building is still available to lease, says Jarrod MacGregor portfolio manager for Goodman Property Trust.
MacGregor says Youi Insurance is a new company in the New Zealand market and has grown rapidly since its launch less than a year ago.
He says 5800 sq m One Central Park building showcases the best in sustainable commercial design and has been constructed with the aim of achieving a high rating under the newly-introduced NABERSNZ efficiency measurement system.
The NABERSNZ is administered by the New Zealand Green Building Council and is expected to become a widely used ‘green benchmark’ for the commercial construction industry. ut has been found to improve energy efficiency by an average of 9 per cent in office buildings in Australia.
The rating takes into account building size, occupancy, hours of use, climatic conditions and energy sources and the building will be assessed in a year’s time once usage data is collected.
One Central Park also meets the latest seismic strength standards.
MacGregor says its sustainable design elements include high performance glazing, insulation to reduce heat transfer and energy use; and intelligent lighting design. The building has low-flow water systems and tapware to improve water efficiency and a generator is on hand for back-up power supply.
“The new building occupies the highest-profile site in Central Park, with naming and signage rights still available. It is future proof office space – with open floor plates to encourage collaboration among staff, shared areas and efficient sustainable features,” says MacGregor..
One Central Park was designed by Architectus which has master-planned recent developments at Central Park Corporate Centre at 660-670 Great South Rd.
The design features an unobstructed rectilinear floor plate with remote offset core. This layout is different compared to most commercial developments and offers increased planning flexibility and efficiency for customers with a one-to-seven square metre occupancy ratio.
The building was developed as an uncommitted project and replaces an older low-rise building that was on the site. It has internal car parking to be complemented by a new multi-level carpark which due for completion in the middle of this year.
The new building follows the construction of Central Park’s Genesis Energy Building last year - another uncommitted development leased to Genesis and Restaurant Brands before construction was finished.
Aerial of One Central Park complex with impression of planned new car park inserted at right.
Goodman is also refurbishing onsite childcare and gym facilities at Central Park with Reset Fitness creating and managing the new gym facilities which launch in July 2015.
MacGregor says the successful leasings show the strength of the current Greenlane Corridor commercial market.
“We are receiving high levels of inquiry from prospective customers looking to relocate here and One Central Park is currently the only new building available” he says.
MacGregor says premises available for lease within Central Park range in size from 105 sq m to 662 sq m, plus the 1200 sq m of floor space in One Central Park not occupied by Youi Insurance.
“A major refurbishment programme of existing buildings is well advanced and new-build projects are also in the pipeline with a large undeveloped parcel of land available. There is the possibility of adding up to 75,000 sq m in extra floor space,” he says.
The Genesis Energy building at Central Park Greenlane was leased before construction was finished.
Central Park Corporate Centre currently encompasses over 42,000 sq m of office space and is home to 53 businesses employing more than 2300 people. It forms part of the southern corridor office precinct, with a cluster of commercial parks in the area, just off the southern motorway and only six kilometres from downtown Auckland.
Goodman acquired Central Park about a decade ago and is now the dominant landlord in the precinct, owning about 70 per cent or 110,000 sq m of the area’s total office space. Its other estates are the Connect Business Estate and the Millennium Centre.
MacGregor says the area’s customers and owner-occupiers have grown together into a community.
“Many companies located in the southern corridor precinct do business with each other and benefit from being part of a broader commercial locality,” he says.
Large corporates such as Restaurant Brands, George Weston Foods, Genesis Energy, Avis and Mars coexist alongside small professional firms and services.
For their staff, there is easy access to the Ellerslie town centre and train station, and a multitude of onsite amenities within the office parks, including ample carparking.
Just down the road from Central Park, the Goodman Property’s Millennium Centre is also welcoming a new customer with adidas having leased 650 sq m for its head office of about 35 staff.
Jarrod MacGregor, portfolio manager of Goodman Property Trust