Property

Air NZ to sublet 'premium business class' waterfront offices as cuts bite

Brent Melville
Wed, 26 Aug 2020

Brent Melville
Wed, 26 Aug 2020
It’s premium business class all the way for potential tenants looking to upgrade to as much as 5,000 sqm of prime office space on Auckland’s waterfront.  Air New Zealand are looking to sublet as much as a third of their swanky, 15,240 sqm ‘hub’, in the Wynyard Quarter, as it looks to trim operating overheads in the wake of covid cut-backs at the airline. The firm has already jettisoned 4,000 jobs as part of its plan to return to profitability by 2022, albeit at an estimated 70 percent of its former capacity and revenues. Leasing agency...

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