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.

...

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 has a stellar track record as one of NZ's leading property advisers, having been involved with many of NZ's largest leasing transactions over the last 10 years. With a 20-year background in development, property management and consultancy, he is particularly regarded for his corporate real estate strategy, tenant advocacy, lease negotiation and project directorship skills. 

Other posts by this author...

21 June 2016

Wellington's ageing commercial buildings. An opportunity for hotel conversion?

Our June/July 2016 Wellington Commercial Property Market Report highlighted the changing dynamics in the Capital’s property sector.

Read more...

01 June 2016

The Wellington Market Report

We've updated our Wellington Market Report and created it in downloadable format. Written by TwentyTwo's David Lambie and Paul Mautz, it highlights key trends in property and infrastructure across the Wellington region.

Read more...

16 February 2016

The Auckland Commercial Office Market Report

Due to popular demand, we've now updated and created our Auckland Commercial Office Market Report in a downloadable format.

Read more...