Sir Bob Jones expands Auckland office portfolio

Sir Robert Jones

Robt. Jones Holdings Ltd has purchased 129 Hurstmere Road in Takapuna for $18,067 million from listed property company DNZ Property Fund in a deal brokered by Mark Hourigan and Mike Bayley of Bayleys Real Estate.

Tenants within the building include media research company AC Neilsen, AFT Pharmaceuticals and real estate agency Colliers International. Ground floor retail tenants include two restaurants and convenience food outlet Pita Pit.

The acquisition adds to Robt. Jones Holdings Ltd's existing real estate presence in Takapuna, which includes the neighbouring Takapuna Finance Centre, a similarly styled and constructed five-storey retail and commercial building.

Bayleys managing director Mike Bayley said the company has been actively seeking out premises on behalf of Robt. Jones Holdings Ltd for most of this year, and while several sites were presented for purchase consideration, most did not meet the specific and stringent requirements of the company.