KEY POINTS:
Sir Bob Jones' business Robt Jones Holdings (RJH) is refurbishing the Southern Cross building in Auckland's CBD.
The 13-level tower on the corner of Victoria and High Street is divided into many small tenancies and now the Wellington-headquartered business is aiming to attract more tenants.
Greg Loveridge, RJH's director and Auckland general manager, said the building was unusual because it was in a great position in Auckland's CBD but offered relatively cost-effective offices.
He cited the example that a 40sq m area could be leased for as little as $12,000 a year.
RJH bought the building last September from Southern Cross and is spending about $2 million on its refurbishment, Loveridge says.
The aim was to provide quality small suites from 50sq m to 200sq m, the company said.
Office tenants in the building include the Southern Cross Building Society, Bendall & Cant chartered accountants and various solicitors and barristers. RJH has a number of offices for rent in the building: space on levels four, six, nine and 11.
RJH's Auckland portfolio is worth around $130 million and includes:
* Qantas House at 191 Queen Street where failed apartment firm Blue Chip folded owing rent;
* Takapuna Finance Centre at 159 Hurstmere Road in Takapuna,
* The Telco Building on the corner of Federal and Kingston Streets
* Federal House at 60 Federal Street.
RJH's Wellington portfolio includes:
* Axon House, corner of Jervois Quay and Willeston Street.
* City Chambers, corner of Featherston and Johnston Streets.
* Featherston House, corner of Featherston and Waring Taylor Streets.
* Gen-i House, corner of Featherston and Brandon Streets.
* Lambton House at 152-172 Lambton Quay.
* Sybase House, corner of Lambton Quay and Ballance Streets.
* Solnet House, corner of The Terrace and Aurora Terrace.Anne Gibson
