Primeproperty forging ahead with office refurbs worth $5m-plus

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An all but empty office building in a prominent CBD spot has its first new tenant lined up as a $4 million refurbishment continues.

The old Housing Corp building at 500 Victoria St - between Bryce St and the Claudelands bridge - is getting revamped inside and out under owner Primeproperty Group.

But the Wellington-headquartered company isn’t stopping there. It’s also set to spend $1m-plus on a second seven-storey project further up the street: the Norris Ward McKinnon (NWM) office building.

Primeproperty bought 500 Victoria St in 2016 for $8.1 million.

Project manager Richard Tait was positive about being able to get tenants in the current climate.

“We wouldn’t be doing it otherwise.”

They were targetting government clients or any “reasonable tenant”.

And, he added: “Potential tenants are telling us they want to be in Hamilton because that’s where the business is for them and there’s a large population.”

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