211 High street
211
High street
Meticulously designed to offer the perfect balance between functionality and environmental consciousness, 211 High Street sets a new standard for sustainable commercial real estate in Christchurch.
A unique opportunity
211 High Street is a high quality, modern, sustainable office building that will provide a superb workplace environment for its tenants and a well performing asset for its owners. It comprises four levels above ground and one level of basement providing 23 carparks, and ample cycle parking. The project is targeting high, industry leading Greenstar and NABERS environmental ratings.
Sustainable investment
Portus has selected structural materials that minimise the embodied carbon in the building. By doing so, the building’s embodied carbon is expected to measure approximately 80% less than that of a similar concrete or steel structure building. Portus believes this will be a strong attraction for future tenants, and the next generation of business leaders who will be extremely conscious of sustainability and the impact their operations have on the environment.
KEY METRICS
5.5%
Year 1 Cash DIstribution
Forecast to increase to 5.9% in Year 3
38.9%
Gearing at completion
To be provided by Trading Bank debt of $10.5m
10.6%
Forecast 10yr IRR
Pre tax and including considered change in value at Y10 based on forecast net rental increases and capitalized at 5.25%
80%
Embodied carbon reduction
As calculated by Rawlinsons when comparing a steel and concrete structure. Project targeting high Nabers and Greenstar ratings.
TALK TO US
For questions and enquiries,
please contact Anthony Leighs