48 Shortland Street, Auckland
VERO CENTRE was completed in 2000. This impressive 39-level office tower is New Zealand's premier business address; a benchmark for quality and the Trust's flagship office asset. Vero sits in the heart of Auckland's legal and financial precinct. The building continues to attract many of New Zealand's most respected companies. It has won numerous awards for excellence in design, construction and efficiency.
Key property statistics
| Building grade | Premium |
| Date acquired | April 2001 |
| Net lettable area [sqm] | 39,490 |
| Carparks [no.] | 423 |
| 2011 net operating income [$m] | 19.2 |
| Valuation [$m] | 259.4 |
| Capitalisation rate [%] | 7.75 |
| 10-year internal rate of return [%] | 9.38 |
| Occupancy [%] | 94.7 |
| Weighted average lease term [years] | 4.4 |
| Information current as at | 31 Mar 2011 & 30 Sep 2011 |
Tenant diversification (by gross income)
Lease expiry profile (by gross income)
