Wellington
PMG Direct Office Fund

A landmark office asset in Wellington, 161 Victoria Street is jointly owned by PMG Direct Office Fund (40%) and 161 Victoria LP (60%). Fully leased to Toka Tu Ake - Natural Hazards Commission, this freehold property provides strong investment security and long-term returns.

The Property was constructed in 2023 and forms part of Phase 3 of Willis Bond’s master planned, mixed-use ‘Cuba Precinct’ development.

Being base-isolated, the Property is expected to have a high level of seismic resilience comparable to the likes of the well-engineered Te Papa, Wellington Regional Hospital, and the Wellington Police Station.

High-profile government tenant: Fully leased to Toka Tu Ake - Natural Hazards Commission

Innovative design: Innovative base-isolated design

Strategic location: Positioned in Wellington’s thriving, fast-growing city centre

Sustainability features: 5 Green Star Design & Built, EV charging, waste management

Asset details

Asset Type
Office
Value
$29,700,000
Anchor Tenant
Toka Tu Ake - Natural Hazards Commission
Occupancy
100%
WALT
7.7 years
Tenants
5