NorthWest offices are proving hot property

5:00 AM Saturday May 14, 2016 True Commercial

An artist’s impression of the NorthWest shopping centre development at Fred Taylor Drive.

Premium office space is still available for lease in New Zealand’s first master-planned 'super regional' development in Westgate.

Three offices remain for lease in Stage One of the development at the NorthWest shopping centre in Fred Taylor Drive with 83 per cent of the complex leased and Stage Two already 40 per cent pre-leased.

“Construction on Stage Two is due to be completed in October,” says Chris Palmer, Colliers International’s commercial leasing broker.

“This will provide another 4200sq m of offices ranging in size from 100sq m to 15,300sq m plus, which we anticipate to be equally as sought after.

“Colliers International and Stride Property have leased 5096sq m out of the 7682sq m in stages one and two in just the past 18 months.”

NorthWest and NorthWest Two are key elements of the wider Westgate Town Centre which will spread across hundreds of hectares in Auckland’s northwest.

“NorthWest is proving to be an attractive business location with all the amenities of a regional shopping centre — including banking, groceries and food and beverage offerings — complete with the charm and environment that comes with the likes of the Wynyard Quarter,” Palmer says.

“As well as larger firms, there are also a number of boutique professional services companies, such as a chartered accountancy firm and a financial services company which have chosen to move to the new development as they have seen the potential in it and in the area itself,” Palmer says.

“Stride Property is an NZX-listed property investment company which has a strategy to invest in a portfolio of places with ‘Enduring Demand’ — places that attract the highest demand in all market conditions — further testament to the strength of NorthWest as a business location.”

Deborah Dowling, Colliers’ general manager West Auckland, says opening the office in NorthWest was a logical choice.

“The wider West Auckland area is the fastest growing region in Auckland, with the market continuing to develop at an unprecedented rate,” Palmer says.

“Council has invested significantly in the development of the new town centre and sees it as very important. What was once an idea is now a reality and businesses have chosen to make it their new home.”

Michael Bray, Colliers’ West Auckland sales and leasing broker, says the offices are “attracting other forward-thinking professional and medical services companies which see the immense growth potential of the centre”.

The Westgate development will become the major commercial hub of the northwest of Auckland, with a town square, 3500sq m library, transport interchange, roads and parks and is projected to generate several thousand jobs, Bray says.

“The completed hub will feature office, retail, leisure and entertainment space for Aucklanders to enjoy in a single, convenient location.”