Tired office park gets new lease on life

But after spending $5 million upgrading the park, developing two new buildings and with plans for further expansion, Macquarie now boasts a much-improved asset.

Macquarie Goodman Property Trust chief executive John Dakin told a Jones Lang LaSalle meeting in Auckland yesterday about the park's problems in 2002.

But the trust has since turned the property around, wiping out a large vacancy rate and adding more buildings.

Dakin said a new 6800sq m office building was about to be completed and had been leased to Westpac, GDC Communications, Tse Group, Sealord and others.

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