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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.
The building quality and large, efficient office floor plates of 1,100 sqm to 1,500 sqm, along with a 15-year lease to a Crown entity and opportunities for rental growth, make this a very compelling investment.
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