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29 Willis Street is a newly-built office and retail complex which was acquired in May 2008.
The property enjoys a prime location one block from the Wellington waterfront, with dual frontages to Willis and Victoria streets. It is part of the wider Chews Lane precinct, which is undergoing a $180 million office, retail and apartment redevelopment. The site also neighbours ANZO's State Insurance Tower.
ANZO's ownership comprises 16 ground floor retail tenancies, five levels of prime office and 59 carparks. All tenancies are structured as unit-titled interests, providing future ownership flexibility. ANZO owns a 100% leasehold interest, with a term of 250 years and an annual, non-reviewable peppercorn rent to the Wellington City Council.
Large 1,500 sqm podium levels, together with four upper levels of 1,100 sqm, provide for efficient layouts in the office floors.
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