12 | Hub coming to Hamilton The Sentinel Outpost Café on the ground floor of the Rabo building. from page 10 Union Square Development DEVELOPMENT Blue chip organisations such as Craigs Investment Partners, Rabobank, AA Insurance Service Centre, BBO, Baker Tilly Staples Rodway and Sentinel Outpost Café are just some of the businesses who have committed to the development. Brian says Hamilton is one of New Zealand’s fastest growing cities and increasingly attracting businesses to locate there due to its low natural disaster risk, central location, and general go-ahead vibe. A focus on quality has been another strong theme among investors and office owner-occupiers in the Covid-19 environment and the shortage of talent that many key industries are facing. This has led businesses to aim to provide workplaces that attract and retain talent as well as improve employee experience and company culture. Hamilton CBD office occupancy survey results conducted between CBRE Research and NAI Harcourts, saw the vacancy rate fall from 8.1% mid-2021 to 7.0% at the start of 2022 – with A Grade at 3.1%, confirming continued strong demand for good office space and limited supply. A Unique Opportunity at Union Square Union Square’s North Corner building is due for completion early 2024 and provides investors and owner/occupiers with a limited opportunity to purchase a single floor. The floors offer good natural light and signage opportunities and businesses can also interconnect multiple floors via internal staircases. By committing early, businesses can have input into the finishings and internal layouts to suit their unique requirements. Union Square has been pitched as an ‘experiential workplace’ ‘offering common spaces, shared amenities and flexible leasing solutions to suit modern tenants’ needs. Fosters has indicated that the view the company is taking with regards to Union Square is long term, aiming to deliver a vibrant precinct, prime grade offices and high levels of occupant experience. On its website Fosters Construction states that it ‘is in the business of providing a great construction experience – for all stakeholders’ engaging with clients from concept to completion. It also states it has a focus on ‘delivering operational excellence through an ongoing commitment to innovation’ and ‘recognises the importance of working with the client to achieve the desired outcome.’ Union Square also includes a series of shared meeting and board rooms, along with co-working options for all Union Square tenants. It will offer a mix of retail, cafés and restaurants along with a wellness centre. The multi-level car park building, consisting of 327 spaces plus end of trip facilities, and EV charging is nearing completion. Hamilton has been a popular location for businesses lately with many recognising the clear benefits it offers namely affordability in rental rates compared with cities such as Auckland and Wellington. Union Square Buildings - page 14 Rabobank covers two floors, with internal stairway access. Proud to be associated with Foster Construction with the new Union Square build Colourform Joinery Unit 1, 28 Kaimiro St, PO Box 10-121, Te Rapa, Hamilton 3200 Phone: 07-849 6655 | Mob: 021 226 6200 Email: joinery@colourform.co.nz Composite Profiles are proud to be working with the Fosters Team on another successful project. 021 504 635 duncan@compositeprofiles.co.nz www.feisst.co.nz Proud to support Foster Construction Ltd Shaping Possibilities. Designed in collaboration with Foster Develop.
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