City landmark up for tender

Last updated 05:00 11/02/2014

Relevant offers

Industries

Oil and gas conference to be held in New Plymouth for first time ever in 2017 Leadership week: Be Accessible invites people to think outside the leadership square New $20m private cancer care facility for Wellington Hamilton-based Pacific Aerospace recognised at industry awards Spark struggles under tsunami of fault reports Mitsubishi recalling 27,000 NZ vehicles Professor Judy McGregor supreme winner of Women in Governance Awards Rising damp a major problem in Wellington houses - Victoria University NZ looking good in a crazy world after Brexit, says Xero boss Rod Drury Intergen named supreme Wellington Gold Award winners

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

Comments

Special offers

Featured Promotions

Sponsored Content