51659 (2025). Camilla Belich to the Minister for Tourism and Hospitality

51659 (2025). Camilla Belich to the Minister for Tourism and Hospitality: What new or renewed office leases have been entered into since 1 January 2024 by any agency for which the Minister is responsible, if any, and for each lease, what is the total cost, term, floor area, and current occupancy rate?

Hon Louise Upston: I am advised that Tourism New Zealand's property strategy is to co-locate with other NZ.Inc agencies where possible offshore. The following leases have been renewed since 1 January 2024: • Singapore 1 May 2025. Renewed for 3 years, 2 months. No space available in the Singapore High Commission for TNZ. Lease termination date aligns with MFAT's lease end date. • Sydney 1 June 2025. Renewed for 1 year 6 months. No space available in the Sydney High Commission for TNZ. Lease termination date aligns with MFAT’s lease end date. • Auckland 13 July 2025. TNZ entered into a new lease for an office on 45 Queen Street. Lease start date 1 March 2026 with a 6-year term (plus 3 year right of renewal). The new office floor space is 941.81m² which is a 23% reduction in space and 24% lease cost saving. • In addition, TNZ entered co-location agreements with other NZ.Inc agencies: Tokyo (MFAT master lease holder), Shanghai (NZTE master lease holder) and Los Angeles (NZTE master lease holder).