Purchase – Public Trust Tower, Wellington
CapitalGroup alongside its investor base purchased 22 Willeston Street in Wellington.
Capital Group invested funds for the following reasons:
The building is extremely well located at the intersection of Willis Street, Lambton Quay and Custom House Quay.
It has a current Detailed Seismic Assessment of 85% under the current guidelines.
The building had limited vacancies at the time of purchase which were subsequently renovated and leased on favourable terms.
The tenant mix is very strong with a selection of Government departments, international corporates and successful New Zealand based entities.