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Vero Building Palmerston North – 2 Grey St

A prominent eight-story commercial building together with onsite car parking developed in 1975. It occupies a prominent corner site situated on the City’s ring road and the main Northernentrance into Palmerston North’s Central Business District.

    • commercial

Location: Vero Building Office Retail Building – Grey and Rangitikei Street, Palmerston North

A prominent eight-story commercial building together with onsite car parking developed in 1975. It occupies a prominent corner site situated on the City’s ring road and the main Northernentrance into Palmerston North’s Central Business District.

Brief: source anunder-utilised office building with potential upside from improvement to increase occupancy and lease terms.

Type& Area:6 Story Office and Retail Refurbishment, 3633m2

Development Role:Selected Site, Conducted Due Diligence, Acquired Site, Completed Business Case, Secured Funding, Managed Project, Occupancy Marketing, Negotiated Leases, Operational Management, planning and designs to upgrade and modernise the façade and fit-out.

Value/Financial: $2,400,000 Capital Controlled over a $5,705,000 Harcourts Project Value and $19,515,000 Total Development Transaction Value.

Clients & Tenants: The Ministry of Social Development, Vero, TRS International, Century 21, APN NZ

Guardian Property Development Management

Guardian differentiates itself by focusing on providing a highly personalized, end-to-end client representation service. By offering services from planning, design, marketing & pre-sales, master planning, feasibility and financing through to project completion, Guardian can ensure a seamless experience for clients. This comprehensive approach, combined with a focus on niche areas not covered by larger competitors, is Guardian’s unique service proposition. Guardian’s tailor its services to meet the specific needs of each client.

We have a proven track record of delivering successful projects across various sectors, such as commercial, residential, and public. We also have a network of trusted and qualified contractors, suppliers, and consultants to ensure your project is completed on time and within budget. Don’t hesitate to contact us today and find out how we can help you turn your vision into reality. We look forward to hearing from you and working with you on your next property development project.
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