This property occupies the prestigious corner location of The Terrace and Bowen Street in Wellington, adjacent to Parliament Buildings, the Beehive and the Reserve Bank. No. 1 The Terrace is an 18-level building comprising 16 levels of office accommodation and three levels of foyer and other areas, including mezzanine. A two-and-a-half-year redevelopment project, completed in 2006, included the full interior refurbishment of No. 1 The Terrace and the construction of an adjoining low-rise annex at No. 3 The Terrace. A key feature was the link between the new low-rise annex and the existing building to create some of the largest CBD floor plates in New Zealand.
Valuation (as at 30 June 2011)
$89.6 million
Total net lettable area (NLA)
18,851 sqm
Typical office floor plate
768 sqm (tower). Podium floors average 2,080 sqm
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