| 9 T T Karen Phelps Opportunities on Tauranga’s waterfront Located in a premium spot on the waterfront, the 1,100sqm building is intended to help revitalise Tauranga’s town centre. Richard Cashmore - 2 Devonport Road “This building is breaking new ground for the Bay of Plenty. It’s right on the water and can’t be built out, so it’s really special office space.” REGIONAL DEVELOPMENT Leasing opportunities have been officially released for Craigs Investment Partners House in Tauranga. The seven-storey building at 2 Devonport Road promises to become a key landmark in the city’s central business district, with modern office and retail spaces now open to potential tenants. “The waterfront location will be impossible to beat with great views of the harbour and easy access to recreational space, public transport and cafes. Levels of office and retail space available for lease present great opportunities for businesses wanting to be part of the seminal project for the central city,” says Richard Cashmore, spokesperson for the development. Located in a premium spot on the waterfront, the 1,100sqm building is intended to help revitalise Tauranga’s town centre. The project began when Craigs Investment Partners sought a new high-profile office. The site, formerly home to a Westpac bank, was purchased by a long-standing family client of Craigs, prompting the formation of Two Devonport Road Limited to develop the seven-storey building. Demolition of the old structure was completed in June 2022 followed by extensive piling down to 43 metres to stabilise the harbour-front land. Designed by Wingate Architects, the building makes reference to its waterfront surroundings and corner streets and offers views across the harbour and Kaimai Ranges. Becker Engineering and CBC Building have contributed to the construction, with completion on track for December 2026. Craigs Investment Partners, one of New Zealand’s leading investment advisory firms, will occupy the top three floors. The ground floor offers three tenancy spaces, ideal for proven hospitality operators such as cafés, bistros, restaurants, or boutique whiskey and gin bars, says Richard. It could also accommodate high-end retail or corporate offices. Sizes range from approximately 87sqm to 418.8sqm, with an additional 123sqm patio for the largest space. Levels one to three provide contemporary office space with flexible floor plans designed to suit modern co-working environments. Level One offers around 400sqm of space remaining, Level Two 1,021sqm and Level Three 1,020sqm. Flexible options are available to split the tenancies if required, says Richard. Minimum lease terms of ten years are being sought. We are looking for other high-quality professional tenancies compatible with Craigs Investment Partners. “This building is breaking new ground for the Bay of Plenty. It’s right on the water and can’t be built out, so it’s really special office space. “We expect it to be in demand. There are a lot of companies that would like to be associated with Craigs Investment Partners’ head office.” Richard says the development forms part of a broader vision to rejuvenate Tauranga’s city centre. “Like other centres, retailers have moved to outer areas and shopping malls. This will help revitalise the city centre and bring people back in. This building will be something quite special when it’s complete. We have a magnificent site and are excited to be part of revitalising downtown Tauranga.” A 445 Cameron Road, Tauranga. T 64 7 578 3383 W www.crowthers.co.nz Proud to be part of the 2 Devonport Project Team providing Construction Cost Management and Quantity Surveying Services. Proud to have assisted the par ties in 2 Devonpor t LP throughout the acquisition and development of this landmark proper ty Max Hamilton 07 578 0125 max@jkhamilton.co.nz Yo u r t r u s t ed P rope r t y L aw Spe c i a l i s t
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