The Aurora Centre

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.

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Key features

100% leased

The Ministry of Social Development began an 18-year lease in August 2016 over 100% of the office accommodation.

bigger floorplates

the refurbished office space has expanded, efficient floorplates of over 1,800 sqm for the lower levels.

great location

easy walking distance to Wellington's Beehive building, the core of the parliamentary district.

Key facts

ownership interest (%) 100
building grade A-grade
date acquired (constructed 1968) Apr-04
last refurbished/redeveloped 2014-2016
net lettable area (sqm) 24,527
typical floorplate (sqm) Upper 1,100 / Lower 1,800
carparks (no.) 308
net rental income ($m)* 5.7
occupancy (%) 100.0
weighted average lease term (years) 16.7
book value ($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

Location

The Aurora Centre

56 The Terrace
Thorndon Quay
Wellington 6011

Get directions

Who's at The Aurora Centre?

The Aurora Centre has undergone a major redevelopment and is occupied by the Ministry of Social Development on an 18-year lease.

98%

Government

2%

Office retail

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Our Asset Manager

To speak to our Asset Manager, please contact:

Warwick Shaw
Commercial Asset Manager

+64 9 359 4045
+64 21 633 967

Lease with us

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