Quake-prone flats sold to university

ALEX FENSOME
Last updated 15:08 12/09/2014
Gordon Wilson flats
LUKE APPLEBY/Fairfax NZ

SOLD: The Gordon Wilson Housing New Zealand complex on The Terrace.

Relevant offers

Commercial Property

Wellington City Council poised to sell Shelly Bay land for 'fraction' of its true value, developers say Sylvia Park opening $9m food precinct at the end of the year Wellington changes tack on plans to tackle its housing crisis Australian media claims buyers are chasing Fletcher Building Sale ends Warehouse Group's development dream St Mary of the Angels reopens after earthquake strengthening while Town Hall waits Long forgotten time capsule opens a window to the 1960s Wellington ratepayers asked to share infrastructure costs for Shelly Bay development Time capsule found in the Bowen State Building CuriousCity: A majestic show of strengthening

The Gordon Wilson Housing New Zealand complex in central Wellington has been sold to Victoria University.

The quake-prone flats, on The Terrace, have been empty since it was evacuated in May 2012 due to safety concerns.

Housing New Zealand chief executive Glen Sowry and university Vice-Chancellor Professor Grant Guilford announced the sale today.

Under the deal, Victoria will take over ownership of the 87-flat Gordon Wilson complex, while HNZ intends to redevelop the smaller, next-door McLean complex with 34 new flats.

Guilford said the university saw the site as part of future development plans and would be exploring options for it.

Ad Feedback

- The Dominion Post

Special offers
Opinion poll

Do you rent or own your home?

Rent alone

Rent with others

Own with mortgage

Own freehold

Vote Result

Related story: $1m-plus in unclaimed bonds

Featured Promotions

Sponsored Content