22 The Terrace
22 The Terrace, Wellington Central, Wellington
Key Project Details| Type | Turnkey, Seismic Upgrade, Greenstar Accreditation, Internal Fit-Out |
| SqM | 4,800 |
| Value | Circa $16 M |
| Time Frame | 18 Months |
Located in central Wellington, this project required seismic upgrades, Greenstar Accreditation, and Office Fit-Outs for new and existing tenants. Completed photos to come.
Stride saw 22 The Terrace as a well-located asset that had strong potential to improve the overall asset performance.
New Zealand Green Building Council (nzgbc.org.nz) Article.
22 The Terrace was in a position where earthquake strengthening was required to increase the rating of the building. The client took this opportunity to not only upgrade the earthquake rating but also upgrades to increase the buildings' Greenstar rating to 5 Star, End of Trip Facilities, and Office Fit-Out.
Real Estate Asset Repositioning is the strategic use of renovations and improvements on properties in order to change the property's place in the marketplace. Catalyst worked closely with the client to provide our experienced construction team and our many years of experience in repositioning assets to help ensure the highest possible return in improving the asset’s performance.
