IAG2 blog

TwentyTwo helps IAG reach premises milestone

01 September 2016, by David Lambie

TwentyTwo has helped IAG New Zealand reach a milestone in its Contact Centre premises strategy with the recent conclusion of two projects. 

We represented the insurance group in securing new premises in Albany (McDougall Reidy) and Sylvia Park (Kiwi Property). Working alongside Russell McVeagh and Beca, TwentyTwo led the negotiation with the developers to secure premises in two new developments due for completion in 2018.

At Sylvia Park Shopping Centre, IAG is the anchor tenant for the new $80 million, 10-storey office tower to be constructed (artist's impression above). We negotiated a 12-year lease of 3,324m2 of space on IAG’s behalf with enabling works starting this month and construction due to complete in May 2018 in time for IAG’s lease commencement in June 2018.

Meanwhile in Albany, McDougall Reidy/Haden & Rollet have committed to building a three-level commercial building at McClymonts Road for IAG. This low-rise campus style environment will offer IAG approximately 3,200m2 of office space in the fast-growing Albany area and will also be delivered in mid 2018. 

Surrounded by great amenity and transport options, the Albany site will offer IAG greater connectivity to the North Shore.

TwentyTwo is proud to have assisted IAG with its property strategy, its development agreement and lease negotiations and to generate two excellent outcomes for all parties.

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About the author

Has four kids and a cat (and a wife!). Fancies himself as a professional athlete. Rugby/cricket tragic. Always dieting (generally involving Heineken). Needs 'a plan'. Trying to broaden his wardrobe.

David leads our Advisory and Assurance practice areas which includes our core property consultancy and tenant representation workstreams, where we continue to lead the market in providing independent commercial advice. 

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