Multi-million re-development to create large, modern office space in Hamilton East.
A $6 million investment into top notch office space is about to add to the revitalisation of Hamilton East.
KGL Property has revealed its plans for the refurbishment of the former Hill Laboratories building in Clyde Street.
Renovation of the 1970s building will start around the middle of this year and will create what is thought to be the largest modern, shared office space in Hamilton. The three-story building, based on 2700 square metres of floor area, will be able to accommodate 200-225 staff on site. One of the floors will be the shared space with the other two being leased out to larger companies.
KGL commercial property manager Ray George said Hamilton East had been revitalised over the past few years making it the perfect location to host a shared office space. The neighbouring Deloitte building opened in 2009, the Ebbett Prestige’s Volkswagen and Audi dealership opened opposite in 2015 and the Mavis & Co Café integrates into the precinct’s design.
The location gives access to the Waikato River as well as to local amenities such as parks, river walks, cafes and gyms.
KGL Property general manager Philip Deason said the new building will have great parking river views and is a very short walk to the CBD.
“We feel we’re contributing to raising the standard for Hamilton East and I think residents there are behind it.” He said there were a number of businesses – Foster Construction and Stark Property for instance – which were focusing not only on good business but “leaving good things behind them and making Waikato a better place”.
“For us to be a part of that I think is quite exciting.”
He said KGL Property was a good example of the type of business that might want office space on one of the floors.
“We’re a business of five people, a mature company – not a start up – and we’ve been looking for an office in town for some time. We want something high spec, maybe up to 150 square metres and with access to a professional board room for meetings. There’s very little around town that would suit us. We believe there will be a number of other companies looking for the same thing.”
The sale of the site to KGL Property was announced in May 2016 when former owner and tenant, Hill Laboratories, announced it would vacate the building and move to its new headquarters, a KGL Property-owned site in Duke Street. With all Hill Laboratories’ staff now out of the building, the renovations can begin.
Hamilton-based KGL Property, owned by Torpedo7 founder Luke Howard-Willis and his father Guy, created a joint venture with Foster Construction Ltd early last year and the partners will work together on the refurbishment project.
“The building’s main structure will stay as is, but we’ll strip it right down to the concrete and re-clad it with modern construction materials. In addition to a new modern look inside, we’ll also install new mechanical and electrical kit through the building,” said Foster’s commercial manager Leonard Gardner.
“The internal and external facelift will also keep in character with Hamilton East’s unique community and the surrounding buildings,” he said.
Mr Gardner said a shared office environment was a great option for businesses as it allowed them to expand quickly without the large capital costs of setting up an office with associated infrastructure.
“The interaction within the common open plan environment also facilitates cross-pollination of ideas.”
“The concept plans for the building are complete. We’re now looking to progress design and commence construction by the middle of this year. We’ve already had a number of inquiries from businesses looking to rent space,” said Mr Gardner.
The original building was constructed for government use back in the 1970s. Hill Laboratories later purchased the building and used it as its headquarters from 1996 to 2017.
KGL and Foster Construction contracted Architect APG to design the building.
Foster Construction has recently completed the Genesis Energy building on Bryce St and is also working on refurbishment of the former Farmers building on Alexandra St.
KGL Property is quickly growing in the Hamilton commercial property sector, with its most recent project being the Raynes Road precinct located on the corner of Airport Road and Raynes Road near Hamilton Airport. The commercially developed land is zoned for industry, warehousing, manufacturing, logistics, aviation, office and retail.
The new multi-tenant building was completed in September last year and includes thirteen 250 square metre commercial units that were fully leased before construction finished.
“The response was so great that we are looking to expand on these.”
KGL Property has also recently signed an agreement with Storage King to build a storage facility at the precinct to meet the demand for larger storage units, boats and motor-homes.