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21 Jan 2025 7:55
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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

    16 January 2025
    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
     21 Jan: Job applications remain at historic highs - far outweighing the number of jobs being advertised
     21 Jan: Company liquidations are at a 10 year high
     21 Jan: Wellington City Councillors want the city to reflect on how it deals with private businesses
     20 Jan: A fresh push for sustainable funding in the pharmacy sector
     20 Jan: Challenges for the Queenstown Lakes District Council, as details emerge about the Shotover Wastewater Plant's disposal system
     19 Jan: An investment in predicting and mitigating influenza
     18 Jan: Former CIA analyst pleads guilty to leaking info on planned Israeli attack on Iran
     Top Stories

    RUGBY RUGBY
    The Highlanders have named two new co-captains to lead the side for the upcoming Super Rugby season More...

    BUSINESS BUSINESS
    Job applications remain at historic highs - far outweighing the number of jobs being advertised More...


     Today's News

    		 Business:
    Job applications remain at historic highs - far outweighing the number of jobs being advertised 7:47

     Business:
    Company liquidations are at a 10 year high 7:37

     Environment:
    Numerous weather warnings are in place as heavy rain batters the upper North Island 7:37

     Business:
    Wellington City Councillors want the city to reflect on how it deals with private businesses 7:27

     International:
    Live updates: Donald Trump takes oath of office as he is sworn in as the 47th president of the US 7:07

     Accident and Emergency:
    One person has died, after a crash on State Highway 14 at Tangiteroria, between Dargaville and Whangarei 6:57

     Cricket:
    A record first-wicket partnership between openers Martin Guptill and Simon Keene has steered the Auckland Aces to a 53-run win over the Wellington Firebirds in their Super Smash T20 cricket match in the capital 5:57

     International:
    Six key takeaways from Donald Trump's pre-inauguration rally 23:27

     Law and Order:
    A youth has been arrested after an alleged fleeing driver incident in Auckland this evening 21:57

     Politics:
    Palestinians released to cheers as three Israeli hostages return home — as it happened 20:27

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