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Prime Millennium Centre office building for lease

Contributor:
Fuseworks Media
Fuseworks Media

A prime office building with three large floors and an exclusive north-facing terrace is available for lease in Auckland’s premium Millennium Centre.

Mike van der Putten and Matt Lamb of Colliers International’s Auckland Leasing team have been appointed master agents by Oyster Property Group for the corporate campus at 600-604 Great South Road, Greenlane.

Located at the heart of Millennium Centre, next to Yellow’s headquarters, Building A (Phase I) provides 4,437sqm of space across three floors.

Large, efficient floor plates give a new occupier free rein to create a spectacular fit out that makes the most of the space and ample natural light.

"This is without a doubt the most significant single-building office opportunity in the Auckland fringe right now," says van der Putten.

"Millennium Centre offers a superb level of amenity and the highest grade of office accommodation along the Southern Corridor, which is the go-to business precinct for many corporate occupiers.

"The location benefits from easy motorway access and regular public transport, while the vibrant, green business environment has been carefully curated to suit busy, aspirational working lifestyles.

"On-site offerings include five food retailers, a tennis court, gym and childcare centre. An even greater range of offerings is only five minutes’ walk away, with numerous shops and cafes at Ellerslie Town Centre.

"The nearby Ellerslie Train Station provides services every 10 minutes at peak times, while Great South Road is served by numerous regular bus routes.

"Plenty of secure on-site car parking is also available, putting the Southern Motorway within a short two-minute drive and the CBD within 10-minutes.

"All of this makes Millennium Centre the ideal corporate environment. Staff can commute in as they please, then drop the kids at childcare, work out at the gym, grab a quick bite for lunch, and meet business contacts over a barista-made coffee - all without having to leave the campus."

Colliers Leasing Director Matt Lamb says Millennium Centre represents a seldom-offered chance to occupy up to three larges floors of a premium building in one of Auckland’s best office locations.

"A new occupier could lease all three floors - ground, second and third - as well as the exclusive 136sq m terrace on the northern side.

"Alternatively, a tenant could occupy all or part of a floor, with flexible options to suit businesses from 700sq m and up."

Lamb says it is rare to find vacancies of this size available in Auckland’s high-occupancy market.

Colliers International research shows that, of the 1.7 million square metres of metropolitan office space across Auckland, only 114,000sq m is available - a vacancy rate of just 6.7 per cent, well below the two-decade average of 8.5 per cent.

Less of a fifth of that vacant space is in prime office developments.

Oyster and Colliers have partnered with Platform Consulting Group to create a series of stunning interior

concepts that showcase the potential of the available space, from partial to full floors.

Lamb says prospective tenants can also draw inspiration from the quality fit outs that have already been created by Millennium Centre’s existing occupiers.

"These imaginative spaces have set a new benchmark for corporate office accommodation, and ably demonstrate what could be achieved within the floors for lease."

Millennium Centre’s corporate occupiers include leading brands such as Z Energy, L’Oréal, American Express, Green Cross Health, Adidas, Siemens, Hilti, Acer, Bridgestone, Griffin’s and LG Electronics.

The property is managed by Oyster, a leading New Zealand commercial real estate property and fund manager.

The company manages a range of retail, office and industrial assets throughout New Zealand, with in excess of $1.7 billion of funds under management.

Oyster purchased the 3ha property in 2016 for about $210 million, making it one of New Zealand’s largest

commercial office transaction to date, before offering it to wholesale investors as a single-asset unlisted property fund.

Millennium Centre Phase I was constructed in 2000 and includes three multi-level office buildings with a total net lettable area of 15,488sqm, housing Toyota Financial Services as one of the major tenants.

It includes basement car parking beneath each building and a standalone four-level car parking building.

Oyster is now exploring initiatives to encourage more active modes of transport to Millennium Centre, such as cycling, running and walking. It is focusing on options to create a full-service end of trip facility with showers, lockers and bike racks available for all tenants to use at the end of trips or daytime fitness sessions.

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