First Light Capital is pleased to confirm several lease extensions have been secured well ahead of upcoming renewal dates.
Within our First Light Property Fund Limited (FLPFL), we are pleased to confirm several lease extensions have been secured well ahead of upcoming renewal dates.
At 233 Collingwood Street, Hamilton, NZI has committed to a further term, extending their occupation for at least five more years. PDP Limited has also agreed to renew for a further four years from December 2026, ensuring the property remains fully occupied for the foreseeable future.
At 2 Harris Road, we are pleased to confirm that AON Insurance has committed to an early renewal, reinforcing their long-term presence onsite. Notably these were the first two properties within the portfolio to achieve strong NABERS rating, underscoring the growing importance of sustainability in supporting tenant retention.
These outcomes extend the Fund’s weighted average lease term (WALT) and provide increased income certainty for investors.
For more updates on our sustainability initiatives and asset management approach, sign up to our NZ Property Market Update.
