AA Insurance has broken ground for its new office in Hamilton, to which over 100 staff are set to move by next year.
The new office will be located at the Union Square development, which is located within the Anglesea, Hood and Alexandra Street blocks at the south end of the city’s central business district. CEO Chris Curtin was joined by several Hamilton staff onsite at the breaking ground ceremony.
According to AA Insurance, it will occupy 1,266sqm, or over 1.5 floors, during an initial term of nine years. The insurer will leave its Victoria Street premises in December for a temporary location when the lease expires, and then into the slightly larger Union Square office space that will allow for more meeting rooms and larger staff amenities.
AA Insurance will join another major financial company as inaugural tenants in the first of five buildings that are due for completion in August 2021. Union Square is described as a “marque office and retail development”, with around 30,000sqm of office space. According to the insurer, aside from the available amenities, the development’s building materials – which have been chosen to reflect the Waikato and designed to Green Building principles – were the main reason it chose the location.
“Our Hamilton team of just over 100 is looking forward to moving in next year, as well as making the most of the building’s fantastic facilities,” said Curtin. “We’re certain Union Square will give the city a major boost, and we’re delighted to be involved.”