Wellington’s Bowen Campus set for innovative expansion

New Zealand’s largest owner of inner city business space, Precinct Properties, plans to further expand Wellington’s Bowen Campus with two new high-performance buildings at 40 and 44 Bowen Street.

As the owners of the Bowen State and Charles Fergusson buildings, Precinct Properties’ plans for the new buildings are set to increase the location’s offering with an additional 21,000sqm of office space, which on completion will result in a workforce of 5,000 across the four buildings that comprise Bowen Campus.

Precinct Properties CEO Scott Pritchard says, “We’ve seen fantastic uptake in leasing from government agencies for the Bowen State and Charles Fergusson buildings, which are set for completion in quarter four 2018 and quarter three 2019, respectively and are leased until 2037 and 2033.

“40 and 44 Bowen Street felt like the natural next step in the reinvigoration of the Bowen Campus, giving us the opportunity to expand the area and deliver more premium office space and amenity to the Wellington workforce.”

The location offers an attractive work environment for both corporate occupiers looking for high-end office space and government agencies wanting close proximity to the Beehive and nearby government departments. With a short walk to the CBD and public transport, and access to a network of laneways that will incorporate retail, cafes and other amenity, the area is desirable for a diverse range of tenants.

Pritchard adds, “With office vacancy in Wellington at record lows, we’re seeing strong demand for high-performance workspace and have had a large amount of interest from both private businesses and government agencies for offerings like 40 and 44 Bowen Street.”