Case Study: ANZ Centre

June 8, 2021

One of the key prominent commercial buildings in Auckland’s CBD, the ANZ Centre provides 39 levels of premium grade office accommodation and is only the third premium grade asset listing within the past 20 years.

Location: ANZ Centre, 23 Albert Street, Auckland CBD
Sector: Commercial – Office
Services: Pre-Acquisition Technical Due Diligence
Prendos Contacts: Sean Marshall (MRICS, MNZIBS, CMInstD), Director – [email protected]
William Stockley (MRICS), Chartered Building Surveyor – [email protected]

The Job

Prendos was engaged to undertake a pre-acquisition technical due diligence survey of this iconic Auckland building.

Our Solution

The client required a phased approach to the transaction. This comprised an initial Red Flag report detailing the critical risk areas, to determine whether they should proceed with the transaction. The next phase of our instruction was to provide a comprehensive detailed technical analysis of the property to fully understand all critical items and future liabilities.

The Outcome

Prendos procured and coordinated a project team. Our brief included a full and detailed review of the property data room and physical inspection of the structure, façade, fabric and services. Critical information was prioritised into key risk categories with associated cost liabilities.

Our comprehensive review and ‘one stop shop’ offering gave the client a full understanding of the property, and allowed them to make informed technical and commercial decisions.

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