Kiwi Income to build ASB new $160m HQ at Wynyard Quarter

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

Listed company Kiwi Income Property Trust is going to own and develop ASB Bank’s new headquarters at the Wynyard Quarter precinct on Auckland’s waterfront.

The $160 million development is still in the early stages of design but ASB chief executive Charles Pink said it would include public spaces with seating, a covered courtyard and café. There would also be facilities for meetings and community events, he said.

“For our people we have researched the most modern workplace philosophies. It will be a modern, airy workplace, promoting a sense of belonging for all who work there or visit it. We want our workplace to reflect the great caring, community spirit of our ASB team,” Mr Pink said.

Construction is due to start part way through next year, with ASB staff due to move in part way through 2013.

The Wynyard Quarter development involves a $2-3 billion revamp over 20 years that will eventually see 14,000 people working in the area.

“Wynyard Quarter is set to become a leading contributor to Auckland’s urban development, creating authentic and vibrant places for people in which our communities can grow and prosper in a sustainable way, celebrating design excellence and innovation,” development manager Sea + City said.

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

Post Comment

4 Comments & Questions

Commenter icon key: Subscriber Verified

Vodafone are just as bad as telecom, if not worse at screwing the NZ consumer - there will be no freebees, these termination costs will be included in your new contract somewhere. Plus the huge profits of this company are shipped straight out of NZ.

  • 0
  • 0

You are aware that this article is about the planned ASB office? your comment has about as much relevance as me talking about how many snickers bars I eat a day! speaking of which, about time for my 5th...

  • 0
  • 0

Good work Auckland. Build a hideous looking tall building that blocks views to the sea in prime real estate. Can we not learn how to design waterfront areas that aren't a disgrace? Surely we can look at cities that have done it right (such as Sydney) for inspiration.

  • 0
  • 0

This has all gone very quiet, but what a fruitcake design and folly by ASB with their inept kicking boy Kiwi. This will become tomorrows toilet block eyesore for us all with poor judgment Kiwi hoodwinked into signing into terminating land.
A tale of woe unfolds at the waterfront....

  • 0
  • 0

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot


Sym Price Change
USD 0.7564 -0.0024 -0.32%
AUD 0.9702 0.0013 0.13%
EUR 0.6994 0.0022 0.32%
GBP 0.5086 -0.0025 -0.49%
HKD 5.8646 -0.0195 -0.33%
JPY 90.2830 -0.1540 -0.17%


Commodity Price Change Time
Gold Index 1204.8 9.420 2015-03-26T00:
Oil Brent 59.2 0.230 2015-03-26T00:
Oil Nymex 51.4 2.240 2015-03-26T00:
Silver Index 17.1 0.140 2015-03-26T00:


Symbol Open High Last %
NZX 50 5833.2 5854.2 5833.2 0.36%
NASDAQ 4835.7 4889.2 4876.5 -0.27%
DAX 11920.2 11954.1 11843.7 -0.07%
DJI 17716.3 17759.5 17718.5 -0.23%
FTSE 6895.3 6910.6 6895.3 -0.32%
HKSE 24541.4 24549.9 24497.1 -0.04%
NI225 19374.7 19590.0 19471.1 -0.95%