Location: Sharp House – Dixon St 109-111, Wellington, 2005.  Historical picture, Architects Office & Council upgrade.

Brief: to source an add-value commercial project. Once acquired: to upgrade the empty ground floor retail tenancy for Sharp NZ Office and Primary Wellington Retail Premises and the first floor for a Government Agency.

Area, Type:2021 sq m 4 Level Office and Retail Character Refurbishment ∙

Development Role:Sourced Site, Determined Best Use, Presented Business Case, Arranged Funding, Managed the Approval  Process, Managed the Project, Co-ordinated Sales and Leasing.

Transaction Value:$2,600,000 Capital Allocated, $4,400,000 DTZ Project Valuation Sep 2005 and  $15,800,000 Total Developer Transactions.

Clients &Tenants(s):Sharp NZ, Drug and Alcohol NZ Government organisation, Capiche design, Pynenberg and Collins Architects, AEL Group.

Outcome: successful acquisition and redevelopment of Capiche House adding significant value for all stakeholders.

Notes:We found and arranged the acquisition of Capiche House Dixon St for the same reason Pynenberg Collins was leasing the top floor of the Building (pictured) as their Wellington Headquarters. It had a number of superb features such as raking ceilings, timber floors, natural light (through both skylights and south windows), and an exposed roof structure and brick walls in some tenancies with split floors on the ground so made for an ideal space for design based companies where aesthetic appeal is critical. Clearly the Wellington City council agreed changing the urban landscape of Te Aro through the Pōneke Promise, making it a safer, more vibrant, welcoming place to be (refer image – right above).