Capital Properties announces new lease and lease renewals in University of Otago House.
Capital Properties New Zealand Limited announced today that it had agreed a new six year lease on 907 square metres,
being all of level 7, University of Otago House, Auckland. The tenant is Spark Limited a media and advertising company.
Capital Properties also confirmed two lease renewals in the same building. University of Otago Auckland Centre renewed
their lease for a further term of 3 years from 1 October 2005 on levels 3 & 4 and Symantec New Zealand exercised their renewal for a further term of 5 years from 1 May 2004 on levels 5 & 6.
Together these leasings amount to 4,829 square metres and leave the building and all 167 car parks 100% occupied.
The University of Otago Building at 385 Queen Street, Auckland was built circa 1987 and comprises a 9 level office
building with 3 levels of basement car parking.