Precinct Properties is set to open Generator Wellington following the redevelopment and refurbishment of the centrally located Dunbar Sloane building
Generator to launch in Wellington
Generator, Auckland’s leading shared workspace provider, is coming to Wellington in mid-2021. City centre specialists Precinct Properties will open the first Wellington Generator site following the successful purchase of the Dunbar Sloane building in the capital’s city centre.
The premises will showcase the full Generator experience comprising private offices, co-working spaces, event spaces and a full hospitality offering. Generator is known for its collaborative community, character-filled work and event spaces, and innovative thinking.
Precinct Properties chief executive Scott Pritchard says he is very pleased to be building Generator’s portfolio outside Auckland and bringing the well-known flexible workspace brand to Wellington. “It is evident that shared workspaces are becoming an increasingly popular option for businesses throughout the country. As one of the largest commercial property investors in Wellington, the member feedback we have been receiving is that a Wellington Generator addition would be well received.
“Having owned Generator for a year now, we believe it is the right time to respond to the increased demand for flexible workspace in Wellington and invest in its underutilised shared workspace market.”
Centrally located at 30 Waring Taylor Street, the Dunbar Sloane building is at the nexus of the parliamentary precinct and the Lambton Quay shopping district, making it the ideal location for both corporate and government occupiers. The five-storey character building will be fully redeveloped and refurbished. During the refurbishment the building will be seismically strengthened to 100% of the National Building Standard.
The total project cost is anticipated to be $25 million and will be ready for occupancy from mid-2021.
“The high occupancy levels we have achieved across our portfolio reflects the strong demand for city centre office space in the markets we are invested in, Auckland and Wellington,” adds Mr Pritchard. “We hope that Wellington is excited for what’s to come with Generator and businesses take advantage of the space we are creating.
“We’re confident launching Generator into Wellington will provide real flexibility for both corporate and government occupiers in a tightly held office space market.”
Expressions of interest in Generator’s Dunbar Sloane building are open now online.