Sky update on property portfolio

Sky New Zealand
PO Box 9059
Newmarket
Auckland 1149
New Zealand

10 Panorama Road
Mt Wellington
Auckland 1060
New Zealand

T. +64 9 579 9999

sky.co.nz





26 March 2021

Sky update on property portfolio
Sky New Zealand has commenced a process to sell two of the three buildings at its Mt Wellington
site. Sky will retain the primary and largest facility, known as Studio One at 10 Panorama Road, and
is considering options to lease complementary new space for its more than 900-strong workforce.
Chief Executive Sophie Moloney commented: “In the past year, our use of premises has changed
significantly, with many employees working flexibly between home and office, and teams
collaborating in new ways. As a result, parts of our Mt Wellington campus are under-utilised or no
longer fit-for-purpose. We are seeking a work environment that better meets our needs and which
supports increased collaboration and productivity of the Sky team.”
“The decision to sell these two buildings is consistent with our approach to free up capital to
reinvest in areas of the business that create the most value for our customers and shareholders. The
recent sale of our Outside Broadcasting (OSB) business is another example of this capital
management.”
The two properties being marketed from April 2021 by Colliers New Zealand comprise a total land
area of 26,500m
2
and net lettable area of approximately 9,300m
2
.
ENDS
Authorised for release by Sophie Moloney, Chief Executive.


For investor enquiries, please contact: For media enquiries, please contact:
Amanda West Chris Major
Investor Relations Director of External Affairs
P: +64 210 439 674 P: +64 29 917 6127
E: investor.relations@sky.co.nz E: chris.major@sky.co.nz