August 18, 2014
Ngati Whatua steps up investment
Ngati Whatua o Orakei has bought one of the commercial buildings located on its Quay Park precinct overlooking the Auckland waterfront.
AECOM House was completed in February 2013 and has a five star green rating.
It’s the headquarters of global consulting firm Aecom as well as other corporate and retail tenants, generating more than $5 million a year in rent.
Ngarimu Blair, a director of Ngati Whatua o Orakei Whai Rawa, says it’s a high quality strategic asset.
He says the hapu is keen to diversify its commercial property portfolio away from just residential landholdings or ground lessors’ interests.
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