City landmark up for tender

Last updated 05:00 11/02/2014

Relevant offers


Female lawyers charge-out rates lag behind their male colleagues Weight Watchers campaign joins list of PR blunders Opportunist builders, dodgy steel and shonky standards create new building crisis 'worse than leaky homes' Skills shortage results in firms looking internally to fill roles, recruitment firm says Pumpkin Patch in trading halt - too much debt, not enough capital British American Tobacco offers to buy Reynolds in US$47 billion deal Backlog of defective buildings and shoddy workmanship sparks calls for building warranties Ikea NZ Facebook page set up: Is it finally coming to NZ? Auckland Council and contractors ordered to pay $120,000 to the family of killed rubbish truck worker 71yo asked to stand on hot water cylinder to plug in phone after bizarre UFB install

Wellington's Kirckaldie & Stains is looking to sell its Harbour City Centre building, last valued at about $50 million.

The listed retail company said Bayleys would market the building internationally, which would be sold by tender and subject to shareholder approval. Kirkcaldie & Stains Properties owns the Harbour City Centre building which is tenanted by Contact Energy.

The building was quake-strengthened last year and its value was found to have risen by $3.45m in the year to August, to $50m. Last year about $161,000 was spent on remedial works on the building for things such as broken windows after the earthquakes that struck Wellington in July and August.

Kirckaldie & Stains has previously tried to sell the property, but in 2012 an unnamed party repeatedly missed due diligence deadlines.

Ad Feedback

- BusinessDay


Special offers

Featured Promotions

Sponsored Content