Office

Aurora Centre

This well-known Wellington landmark is just a short stroll from the Beehive and is a premium government office location. Featuring excellent sustainability credentials, the building is fully leased by the Ministry of Social Development until 2034, offering consistent rent and stable income.

Overview

A base for government

The Aurora Centre underwent major refurbishment and seismic strengthening in 2016; helping to future-proof the building’s long-term leasing and income generation potential and creating a new fit-for-purpose base for the Ministry of Social Development. 

The re-development connected two buildings to create a larger, cohesive office space, encouraging collaboration and creating a more effective working environment. A new pavilion stretches the length of the Terrace, providing cover at street level, while also adding light, personality, and street appeal to the building.  

 

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sustainability

Excellent environmental performance

The 18-storey Aurora Centre is one of the most energy-efficient commercial buildings in the country, earning a 5.5 NABERSNZ rating in 2022. Central to this outcome is a commitment to continuous improvement and a focus on operational efficiency.

Aurora Centre features  innovative solutions for seismic strengthening, high-performance double-glazing, energy-efficient lighting, and special ventilation systems. It’s one of several Kiwi Property buildings recognised for their leading environmental performance and design. 

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Location

56 The Terrace, Wellington

This area is a familiar route for government officials and the Aurora Centre is perfectly placed within walking distance of the Beehive and other government buildings.

The Aurora Centre Map 1
Property overview

Building grade A-grade
Ownership interest 100%
Date acquired 2004
Last redeveloped 2016
Net lettable area 24,504 sqm
Typical floorplate 1,100-1,800 sqm
Carparks 301
Key metrics

Valuation $165.0m
Capitalisation rate 5.75%
10-year internal rate of return 7.38%
Net operating income $8.9m
Weighted average lease expiry 11.2 years
Occupancy 100.0%
Annual sales N/A

Get in touch

Leasing enquiries

We are committed to creating innovative spaces that help attract and retain staff, enhance workplace productivity, and enable businesses to thrive. If you’re interested in knowing more about leasing space in any of our office buildings, please contact us.