As a mainstay accommodation option for the New Zealand Government, The Aurora Centre was recently comprehensively refurbished and seismically strengthened. The Ministry of Social Development has a lease over all the office space until 2034.
The Ministry of Social Development began an 18-year lease in August 2016 over 100% of the office accommodation.
the refurbished office space has expanded, efficient floorplates of over 1,800 sqm for the lower levels.
easy walking distance to Wellington's Beehive building, the core of the parliamentary district.
|ownership interest (%)||100|
|date acquired (constructed 1968)||Apr-04|
|net lettable area (sqm)||24,527|
|typical floorplate (sqm)||Upper 1,100 / Lower 1,800|
|net rental income ($m)*||5.7|
|weighted average lease term (years)||16.7|
|book value ($m)||144.9|
|capitalisation rate (%)*||6.50|
|10-year internal rate of return (%)*||8.55|
All statistics are for the year ended/as at 30 September 2017 except items marked * which are for the year ended/as at 31 March 2017
The Aurora CentreGet directions
The Aurora Centre has undergone a major redevelopment and is occupied by the Ministry of Social Development on an 18-year lease.
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We do not have office space available at 56 The Terrace. If you are looking for great office space at any of our other properties, contact our leasing team today.Contact us