OFFICE

Vero Centre

The Vero Centre is Kiwi Property’s flagship office asset and one of New Zealand’s premier commercial buildings. It’s a shining light on Auckland’s CBD skyline and home to some of New Zealand’s most high-profile companies.

Overview

A premium office experience

Located in the heart of Auckland’s financial district, the Vero Centre is one of New Zealand’s tallest tower blocks, with ample car parking, five podium public and conversation spaces, and 32 office levels. The building offers superb amenities, extensive end-of-trip facilities and at lobby level, The Pavilion café.

The Vero Centre is widely regarded for its tenant community, made up of a range of leading finance, legal and insurance firms. With easy connectivity to Britomart’s transport hub, ferry services and motorways, and surrounded by a multitude of eating, shopping and entertainment options, the Vero Centre is an outstanding office asset.

Sustainability

Architecture and energy efficiency

The Vero Centre sets a benchmark for office quality, and has won numerous awards for excellence in design, construction, and efficiency. The building houses an impressive range of contemporary art works from leading New Zealand painters and sculptors and features stone and granite tilework that is reminiscent of the history of construction in this part of Auckland city.

On completion in 2000, it was the most technologically advanced landmark office tower in New Zealand and pioneered many new architectural features that have since become standard for New Zealand commercial developments – such as its chic, multi-functional, street side lobby and outdoor dining area.

Location

48 Shortland Street, Auckland

The Vero Centre is in the heart of Auckland’s financial district, between High Street and the Britomart Precinct.

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Property overview (FY23)

Building grade	Premium
Ownership interest	100%
Date acquired	2001
Last refurbished	2016
Net lettable area	39,718
Typical floorplate	1,200
Carparks	417

Key metrics (FY23)

Average sales	N/A
Net operating income	$25.4m
Occupancy	98.5%
Weighted average lease expiry	3.9 years
Valuation	$484.1m
Capitalisation rate	5.13%
10-year internal rate of return	6.50%

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Vero Centre

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Get in touch

Leasing enquiries

To learn more about the range of leasing opportunities available at Vero Centre please get in touch. We look forward to hearing from you.

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