152 Fanshawe Street: Leading the 'Flight to Quality' in Office Environments

As businesses ramp up their efforts to attract employees back to the office, this ‘flight to quality’ is about more than modern bricks and mortar buildings in desirable locations; it’s also about creating environments that foster collaboration, innovation, and wellbeing in a world of work that increasingly understands the value of a happy, healthy, and well-connected workforce. PMG's 152 Fanshawe Street, owned by PMG Direct Office Fund, is a testament to this.

In our effort to be a property partner of choice, meet evolving tenant expectations and improve the overall tenant experience, we have been working closely with our tenants to gauge their requirements and improve amenities for their staff.

Overlooking Victoria Park, the property is five minutes’ walk from Auckland’s waterfront and the New Zealand International Convention Centre. The property sits between two major bus thoroughfares, and it is less than 350 metres from the motorway on/off ramp to Auckland’s North Shore. The optimum location makes it easier for tenant employees to choose alternative, more environmentally-conscious transportation options, while also encouraging a more holistic focus on wellbeing.

To make the most of this opportunity, we upgraded the end-of-trip facilities in January 2023. The new, sophisticated and modern facilities include showers, lockers, a drying room and bike storage.

Other improvements to support the tenant experience and the sustainability features of the property include:

• To measure and manage our carbon footprint, PMG installed a sophisticated BMS system for electricity, water and waste management.
• The building has a recycling programme that measures and manages nine different waste streams. There is a designated waste area with waste bins for each stream.
• Lifts were overhauled and serviced to improve performance and reliability.
• All the lights in the common areas (bathrooms, corridors, landings and stairwells) have been upgraded to LEDs.
• A generator is located in the uncovered car parking area and this supports the entire property including tenancy power, the building’s HVAC system and lifts.
• Installed EV chargers for the growing demand from tenants using electric vehicles.

"Our staff can now make use of sustainable transport, cycling to work and storing their cycles safely on site. They can take care of their physical and mental wellbeing by exercising before work or during their lunch break with the beautiful new bathroom and shower facilities at their disposal,” says one of the building's tenant representatives.

The building was also part of a recent recycling week programme, where we encouraged our tenants to recycle E-waste. This was received very well and we collected 92kg of electronic waste.

Over the past three years, PMG has been implementing sustainability features and systems within our portfolio, which make environmental and financial sense to both tenants and investors, and within our business (as a funds manager).

"PMG's Asset Manager Lloyd and Facilities Manager Jerry George work closely to understand growing tenant requirements and how we can work with them to ensure their workspace is in line with the volatile changing environment," says Simi Mukherjee, PMG Head of Facilities Management.

"The results we've achieved to date speak for themselves. We’re walking the talk when it comes to doing our bit to protect and improve the environment in which we operate, while leaving the world in a better place for the next generation."

Disclaimer: The information in this testimonial reflects the opinion of the specific tenant and does not necessarily reflect the opinion of PMG. It is of a general nature and was current as at November 2023. It is not intended to be regulated financial advice for the purpose of the Financial Markets Conduct Act 2013, and does not take your individual circumstances and financial situation into account. PMG does not provide financial advice. Please seek advice from a licensed financial advice provider before making any investment decisions.