Perpetual Chch base for sale

Last updated 13:07 17/07/2013
Perpetual headquarters
FORMER CAR YARD: Perpetual's Addington headquarters.

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Financial services firm Perpetual's Christchurch headquarters are for sale after the company changed hands.

British investor Andrew Barnes bought Perpetual for $11.9 million from Pyne Gould Corporation (PGC) in May.

Perpetual is based in Addington offices PGC bought the month after the collapse of its central-city building in the February 22, 2011, earthquake.

PGC is now selling the Lincoln Rd building and marketing agent CBRE is seeking offers for it by early next month.

The company is moving out and will find new premises when the sale happens, says John McFetridge, head of person trust for Perpetual.

"We are committed to Christchurch. We have a significant client base here and we will be looking to re-lease somewhere in the city."

The property is a single- storeyed building and yard on the corner of Wise St, which was previously home to a car dealership.

It has been converted into offices with meeting rooms and other facilities. The property has a business zoning and is near other large office buildings in Hazeldean Business Park and in new office complexes under construction on opposite corners of Lincoln Rd and Bernard St.

CBRE's Christchurch managing director, Mark Macauley, said the property could suit either an investor or an owner-occupier.

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- The Press


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