Another under belt for Willis Bond & Co
27 June 2014.
Source: The National Business Review
Wellington-based Willis Bond & Co this week confirmed the sale of Grant Thornton House at 215 Lambton Quay, as signalled recently in Around The Traps.
Willis Bond & Co managing director Mark McGuinness declined to name the buyer of the former ANZ building who paid $63 million. But NBR understands it was a China based buyer. Mr McGuinness says the recent refurbishment of Grant Thornton House has made maximum use of the central CBD landmark and created a new retail destination on Wellington’s “Golden Mile.”
The building has 1900sq m of retail space and 9900sq m of offices. The refurbishment and reconfiguration has opened up the building’s street frontages to Lambton Quay, and Featherston, Hunter and Grey Sts, providing a location for fashion and other high-end retailers including Nespresso, in its new flagship Wellington store. Other tenants include Body Shop, Walker & Hall and fashion designer Robyn Mathieson. The fully leased 15-floor office tower was also upgraded to create contemporary office spaces with views across the city and harbour.
The former ANZ head office was built in 1984 to standards estimated to be at 100% of the new building standard. New tenants in the office tower include Grant Thornton, the Environmental Protection Authority, Optimation and Farmers’ Mutual Group.
The sale of Grant Thornton House was settled last Friday and was brokered.