In May 2023, EMP took on the role of investment manager for 220 Queen Street, a prominent property in Auckland’s Midtown area. The asset, located on a prime corner site next to the Aotea train station, presented several challenges. Despite these obstacles, EMP has swiftly repositioned the property and made significant strides towards its stabilisation.
Located in the heart of Greenlane, this secondary office building, adjacent to motorway on ramps and a Countdown supermarket, initially presented a series of challenges. The property, with a total net lettable area (NLA) of 3,786 sqm and 126 carparks, is comprised of ground-floor retail space and two levels of commercial office space above. By April 2024, the building was struggling to meet its potential, but strategic action led to a significant turnaround.
