Heritage arcade offices await tenant

Last updated 08:38 13/11/2012
old bank arcade
QUAY SUITE: Character space is being offered for lease in the refurbished Old Bank Arcade.

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Xero's stylish former offices in the Old Bank Arcade in Customhouse Quay are up for lease.

The 531-square-metre office suite is on a first-floor corner of the heritage- listed block and, although Xero's lease had a couple of months to run, it was effectively available now, said Colliers International agent Steve Maitland.

The asking price was $345 per square metre.

The offices and meeting rooms were recently recarpeted and new showers had been installed.

"The building boasts one of the most stylish stairwells in Wellington, with a feature banister. The space itself also has several heritage fireplaces, no longer used, which add to the ambience and give a more homely feeling, albeit in a professional environment," Maitland said.

It had high ceilings, good natural light and access from Customhouse Quay, Hunter St and the arcade.

Maitland said there were few options in Wellington for companies looking for character space. Earlier this year, tenants in the character portion of Vodafone on the Quay were given notice to vacate while seismic upgrading work was done.

Tenants in Harbour City Centre Brandon Street were also given notice to allow for refurbishment and a releasing to Contact Energy.

Xero moved to its new offices in the former John Chambers building in Cable St earlier this year after it outgrew its offices in the arcade.

The block, formerly the BNZ headquarters, was designed by Thomas Turnbull and constructed between 1885 and 1905. It was extensively refurbished and strengthened in 1999.

It is now owned by Bank Arcade Holdings, a company in which German investor and island broking specialist Farhad Vladi is a major shareholder.

The arcade's tenants include Smith the Grocer, Starbucks and a range of fashion boutiques.

Engineering consultancy Aurecon is a major office tenant.

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- The Dominion Post

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