TwentyTwo’s Paul Mautz acted as lead adviser for the Crown’s lease of space in the recently announced $150+ million, river-front office and apartment complex in Christchurch CBD.
The complex will consist of four commercial buildings, walkways, a carpark and apartments, located between Hereford, Cashel and Montreal Streets and Cambridge Terrace.
Two-thirds of one of the buildings will be occupied by public servants from the Ministry of Education, Housing New Zealand and the Ministry of Health.
TwentyTwo was appointed by the Property Management Centre of Expertise to lead negotiations with Ngāi Tahu who will be carrying out the development.
“The new building will provide a fantastic modern workplace for government employees coming back into the city and I know they are going to love it” says Paul. “Besides being close to the heart of the revitalised city, its riverside location and proximity to other central and local government agencies are a real plus. A lot of thought went into the design of the office space to ensure it’s flexible enough to deal with the envitable changes. It took a while to get there but we are very proud to be part of the team that put this deal together”.
Construction is expected to start in July after the quake-damaged police headquarters are demolished.
The master plan for the site was drawn up with architects Warren and Mahoney, with final details to be determined once tenant responses have been received.