Compelling, sustainable Albany investment
Completed in late 2020, the distinctive and awardwinning building at 55 Corinthian Drive, Albany, designed by Ignite Architects, sits proudly above the Northern Motorway.
From concept to completion the owner was challenged to create a sustainable, ascetically pleasing, invigorating workplace, while incorporating cutting-edge technology.
Just 800m from Westfield Albany, it is the only 5 Green Star Design and As Built-rated building on the North Shore and has sparked interest in long-term sustainability with both tenants and visitors alike.
Tenants have been quick to commit to a number of initiatives, including energy and water consumption measures and monitoring, careful management of waste and recycling, and the use of low-impact paint, carpet, paper and cleaning products.
All water except drinking water is collected from the carpark roof and is filtered and re-used from a 30,000-litre tank. Dedicated end-of-trip facilities and ample bike parking allow for an environmentally friendly commute. All these initiatives have been designed to reduce the building’s carbon footprint with progress available for viewing on public screens in the atrium.
Angled gold fins cleverly conceal most of the 278 spaces in the connected carpark with EV chargers on all but one level.
Colliers directors Jason Seymour, Richard Kirke and Matt Prentice are marketing the property for sale by deadline private treaty closing at 4pm on Tuesday 15 November, unless sold prior.
The property has 6830sq m of total floor area and sits on a 7864sq m freehold site zoned Business–Business Park under the Auckland Unitary Plan.
The multi-level building is home to premium
anchor tenants BNZ and the Accident Compensation Corporation (ACC) with an overall weighted average lease term of 7.9 years as of August 2022.
The ground floor has 1060sq m of office space and 866sq m of retail area. The ground floor houses the ACC tenancy, a cafe and an incoming dental clinic. Levels 1-3, which cover approximately 1635sq m each, are accessed via three lifts.
Level 1 has a six-year vendor lease in place offering the new owner the income security of a fully leased building but with the flexibility to accommodate new tenants looking for premium quality office space in Albany.
Levels 2 and 3 are leased by BNZ, with Deloitte currently completing its fit-out on approximately half of Level 2 as a sub-tenant of BNZ.