New business investment ‘breaking ground’ in Hamilton

02/06/2020

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Auckland, 2 June 2020 – Over 100 of AA Insurance’s Hamilton staff are set to move into the new Union Square development next year, which is located within the Anglesea, Hood and Alexandra Street blocks at the south end of the city’s CBD.

Company CEO Chris Curtin joined several Hamilton staff onsite at the breaking ground ceremony, to welcome construction site works that began last week. Led by local business Foster, on behalf of AFI Investment Ltd, Union Square is touted as its latest initiative in creating a thriving business hub in the city and is hoped to contribute millions of dollars to the local economy over the next five years.

AA Insurance staff are excited to be part of this important project for Hamilton city, says Chris Curtin, and the positive contribution it will make to the local economy, especially following Covid-19.

“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. We’re certain Union Square will give the city a major boost, and we’re delighted to be involved.”

AA Insurance will join another major financial company as inaugural tenants into the first of five buildings that are due for completion in August 2021. Described as a “marque office and retail development”, Union Square will boast 30,000sqm of office space, 18 retail outlets and be supported by 350 onsite car parks. Tenants will have access to a purpose-built wellness centre and end-of-trip facilities like bike parks and showers.

Although these selling points were taken into consideration, it was the building materials, which have been chosen to reflect the Waikato and designed to Green Building principles, that clinched the deal.

“When choosing a new lease, we were impressed that Union Square was focused on green-building principles, which was reflective of AA Insurance’s Auckland head office,” says Chris. “We understand how important a well-designed workspace can be for our people’s health and well-being, so it made our choice easy.”

AA Insurance will occupy 1266m², over 1.5 floors, during an initial term of nine years. The insurer is moving from its current Victoria Street premises in December 2020 to 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.

“Our new premise is named after Union Bridge, which unites Hamilton East and West. We’re looking forward to Union Square helping us unite our business and community and offering a great work-life balance to our people, who look after our customers from around the country every day.”

ENDS

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About AA Insurance

AA Insurance is an independently operated, New Zealand-based joint venture between the New Zealand Automobile Association (NZAA) and Vero Insurance New Zealand Limited (VINZL). Since 1994 we have demonstrated trusted expertise in home, contents and car insurance in New Zealand, and in 2018 introduced commercial small business insurance. We underwrite our own policies and sell direct to New Zealanders. Our nearly 800 staff look after over 440,000 customers with more than 880,000 policies.

We proudly partner with Eden Park, support youth charity Blue Light, and have been consistently recognised by: Reader’s Digest Most Trusted Brands (10 consecutive years since 2011) and Quality Service Award for Car Insurance (since 2015), Canstar Blue Most Satisfied Customers (2013-2018), and the Colmar Brunton Corporate Reputation Index (since 2015) that recognises New Zealand’s most successful companies. Last year, AA Insurance was also named Consumer’s 2019 People’s Choice award winner for car, home and contents.

AA Insurance has an A+ (Strong) Insurer Financial Strength Rating given by Standard and Poor’s (Australia) Pty Ltd. For further information visit aainsurance.co.nz.

For more information please contact:

Nicole Steven, Botica Butler Raudon Partners, (09) 303 3862, 021 025 31886 or email nicoles@botica.co.nz

Amanda Fifield, AA Insurance Limited, 027 406 1787 or email Amanda_Fifield@aainsurance.co.nz

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