Christchurch developer signs PwC as anchor tenant for $60m CBD building

Maurice Noone, PwC regional managing partner

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Christchurch builder developer Armitage Williams Construction is pressing ahead with its prime $60 million riverside CBD office building in the city following the signing of accounting firm PwC as the anchor tenant today.

Construction of the six-level building, to be known as The PwC Centre, will start within the next three months and PwC expects to move from its temporary accommodation in Burnside in mid-2016, PwC spokeswoman Joanna Garty said. PwC and law firm Chapman Tripp will each take one level of the building, which has 8,000 square metres of office space and is almost fully tenanted.

PwC's former 22-storey glass office block was demolished in 2012 after it was deemed too expensive to repair following a series of earthquakes which required the demolition of much of the central city business district. The new PwC Centre, designed by Warren & Mahoney Architects, will exceed the requirements of the current earthquake code.

"It's important for us to play our part in rebuilding our city and moving back into the city's heart is another demonstration of our commitment to the city," PwC regional managing partner Maurice Noone said.

The development site is on the corner of Cashel St and Cambridge Tce opposite the Bridge of Remembrance over the Avon River. It previously housed buildings which were demolished following the earthquakes.

(BusinessDesk)


This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7545 0.0009 0.12%
AUD 0.9681 0.0025 0.26%
EUR 0.6732 0.0001 0.01%
GBP 0.4888 -0.0002 -0.04%
HKD 5.8517 0.0066 0.11%
JPY 89.9870 0.0050 0.01%

Commods

Commodity Price Change Time
Gold Index 1209.6 5.080 2015-02-26T00:
Oil Brent 60.0 -1.580 2015-02-26T00:
Oil Nymex 48.3 -2.700 2015-02-26T00:
Silver Index 16.6 0.150 2015-02-26T00:

Indices

Symbol Open High Last %
NZX 50 5861.7 5874.5 5861.7 0.15%
NASDAQ 4969.3 4989.1 4967.1 0.42%
DAX 11206.7 11330.6 11210.3 1.04%
DJI 18224.4 18239.4 18224.6 -0.06%
FTSE 6935.4 6950.0 6935.4 0.21%
HKSE 24902.6 25102.0 24902.1 0.56%
NI225 18844.3 18865.4 18785.8 0.16%