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5 Feb 2025 18:52
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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
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     05 Feb: China retaliates with tariffs on US goods after Trump imposes new levies
     05 Feb: Maori communities lead innovative ways of financing housing on ancestral lands
     05 Feb: Some groups of people are expected to be hit harder by rising unemployment, than others
     Top Stories

    RUGBY RUGBY
    Blues coach Vern Cotter's given an insight into how he'll use his three All Black first-five options as they defend their Super Rugby Pacific title More...

    BUSINESS BUSINESS
    Strikes today and Friday by medical lab workers - could lead to five straight days of testing site shortages countrywide More...


     Today's News

    		 International:
    Donald Trump says he wants the US to control Gaza and for Palestinians to be resettled in other nations 18:47

     Cricket:
    A double injury blow for Australia ahead of cricket's one-day Champions Trophy 18:37

     Entertainment:
    Shakira has had a "hard couple of years" since splitting from Gerard Pique 18:34

     Politics:
    Key takeaways from Donald Trump and Benjamin Netanyahu's press conference in Washington DC 18:17

     Health & Safety:
    Experts are disputing medical evidence used to convict UK nurse Lucy Letby  18:07

     Law and Order:
    A man's in custody after a standoff in Auckland's Waterview 18:07

     Entertainment:
    'Saturday Night Live' creator Lorne Michaels insists any reports that special guests have been "banned" from the late-night sketch show are false 18:04

     Netball:
    Silver Ferns coach Dame Noeline Taurua has explained how they're helping athletes bridge the long wait to the start of the ANZ Premiership on May 10 17:37

     Entertainment:
    Dame Sheila Hancock has signed up for a course to help with her anxiety 17:34

     Rugby:
    Blues coach Vern Cotter's given an insight into how he'll use his three All Black first-five options as they defend their Super Rugby Pacific title 17:27

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