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9 Feb 2025 1:57
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  •   Home > News > Business

    A key site in central Wellington that's been boarded up since 2019, is set to be re-developed

    A key site in central Wellington that's been boarded up since 2019, is set to be re-developed


    A deal has finally been struck for the city's derelict Reading Cinemas - after the Wellington City Council's initial plan to buy the land fell through.

    Private developer PrimeProperty has bought the site for 38 million dollars, with plans to strengthen it against possible earthquakes.

    Spokesperson Eyal Aharoni says the development will definitely help the city, particularly the downcast Courtenay Place.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     08 Feb: A construction analyst claims Kainga Ora paid three times the market price for a dozen Canterbury units
     07 Feb: Food Safety New Zealand has given Chelsea Sugar a stark warning - for making and selling almost one-thousand tonnes of lead-contaminated sugar products
     07 Feb: Uncertainty as to whether youth unemployment will come down in the second half of the year
     07 Feb: How Trump's tariffs on China delivered a 'double-whammy' to Temu and Shein
     06 Feb: It's been a busy first half for one of the Wellington Phoenix's Japanese imports ... and the Video Assistant Referee ... in their A-League football home game against the Brisbane Roar
     06 Feb: Kiwifruit growers are hoping to make the most of a new variety
     06 Feb: KiwiRail and Fonterra are celebrating a full return of rail volume to Northland
     Top Stories

    RUGBY RUGBY
    Defending champion Hamish Elliott has made a strong start to the Coast To Coast multisport event traversing the South Island More...


    BUSINESS BUSINESS
    A construction analyst claims Kainga Ora paid three times the market price for a dozen Canterbury units More...



     Today's News

    Living & Travel:
    A Hamiltonian's just become a multi-millionaire, winning $10.5 million in tonight's Lotto draw 21:56

    Law and Order:
    A manhunt's underway, after a stabbing in Auckland's Titirangi 21:36

    International:
    Critics Choice Awards red carpet: Ariana Grande, Nicole Kidman, Zoe Saldaña and more 21:06

    Accident and Emergency:
    A motorcyclist's died following a crash in Parikino, northeast of Whanganui this afternoon 20:46

    Environment:
    Firefighters have contained a grass fire in Hunua, southeast of Auckland 19:27

    Politics:
    A former SPCA worker has been awarded $29,000 in compensation and back pay 18:57

    Rugby League:
    Tohu Harris has explained why the decision to retire from rugby league was taken out of his hands 18:47

    Skiing:
    Australia completes remarkable clean sweep of aerials podium at FIS Freestyle World Cup event in Deer Valley 18:47

    Accident and Emergency:
    A person's died on Bay of Plenty's Maketu Beach 18:07

    Cycling:
    Alex Hunt has the lead in the final bike leg of the men's Coast to Coast Longest Day event 17:07


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