ITM Building Centre

New Lynn, Auckland

This is a fairly typical acquisition and refurbishment project for Isthmus Property Group. Formerly an old engineering works dating from the 1970s, this 6,800 sqm property was purchased by Isthmus in 2002. The property included 2,600 sqm of buildings which were in a very dilapidated condition with a legacy of abandoned fit out left behind by successive occupiers.

However Isthmus recognized that the buildings were on a prominent & level road front site, had good stud heights and were essentially sound. The building configuration also offered the flexibility to accommodate either one large Tenant, or multiple smaller Tenancies.

Working within the existing shells the buildings were cleaned out, re-clad, refurbished and painted to bring them up to a more contemporary standard. This included the creation of both retail showroom space and drive thru trade retail space for ITM. Large yard and parking areas were also created.

New Lynn ITM moved in January 2003 and continue to occupy the bulk of the property under a Lease running until 2016. Some adjoining land and a large travel crane is Leased to Trethewey Granite & Marble Ltd. This property remains part of the Isthmus portfolio.

Before		After