100 Willis Street, Wellington
THE MAJESTIC CENTRE was completed in 1991. It is a prominent feature of the Wellington CBD and offers tenants spectacular harbour and city views. The 28-level A-grade property provides 21 large office floors, podium office space, street level retail and six levels of basement carparking. It continues to attract and retain quality corporate tenants. The property includes the adjacent Henry Pollen House, a restored character building housing The General Practitioner bar.
Key property statistics
| Building grade | A-grade |
| Date acquired | Mar-94 / Dec-97 |
| Net lettable area [sqm] | 24,513 |
| Carparks [no.] | 262 |
| 2011 net operating income [$m] | 8.8 |
| Valuation [$m] | 66.2 |
| Capitalisation rate [%] | 8.50 |
| 10-year internal rate of return [%] | 9.62 |
| Occupancy [%] | 100.0 |
| Weighted average lease term [years] | 4.1 |
| Information current as at | 31 Mar 2011 & 30 Sep 2011 |
Tenant diversification (by gross income)
Lease expiry profile (by gross income)
