Deloitte lease One Queen Street

Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) is pleased to announce major leasing progress at One Queen Street in Auckland, with Deloitte signing a 20-year lease for 7,500 square metres of office space. Deloitte have leased all the remaining high rise office space comprising levels 15 to 20 within the One Queen Street office building to now be named Deloitte Centre. This leaves just two low rise floor plates which are not committed, and Precinct anticipates offering these floors as smaller premium office suites ranging in size from 200 to 250 square metres. Scott Pritchard Precinct CEO said, "Securing this long term commitment from a high quality business like Deloitte to a landmark waterfront location in a premium redeveloped building reflects the strong demand for prime inner city office space. This demonstrates the value that businesses are placing on being located in a high quality office space and in particular the benefits of being located in the Commercial Bay precinct." Deloitte Chair Thomas Pippos and Chief Executive Mike Horne said, "The Deloitte team are excited to be relocating to One Queen Street and to be part of the wider Commercial Bay community and associated amenities. The flexibility afforded by the scale and nature of the floorplates provides an opportunity to create an exceptional work environment for our teams and clients, framed by the natural beauty of the Waitemata Harbour. We are also pleased to retain the exposure of our brand on the Auckland skyline, with the building to be known as the Deloitte Centre." Construction of the project which commenced earlier this year is now well underway. Following this successful leasing, Precinct's current development project pipeline is valued at $0.8 billion on completion and is now 90% leased. End CA:00376913 For:PCT Type:GENERAL Time:2021-08-09 08:51:50