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10 Feb 2025 11:16
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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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     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
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    BUSINESS BUSINESS
    Banks have been working through a backlog of lending requests, that left customers facing weeks-long delays More...



     Today's News

    Entertainment:
    A new Britney Spears book promising to expose the full truth of her turbulent life story is being released 11:12

    Rugby League:
    Philadelphia coach Nick Sirianni was convinced his team could reach the NFL Super Bowl for the second time in three years, despite a poor start to the season 11:07

    Business:
    Banks have been working through a backlog of lending requests, that left customers facing weeks-long delays 10:47

    Entertainment:
    Megan Fox has reportedly ended her relationship with Machine Gun Kelly "for good" 10:42

    Living & Travel:
    Environment Canterbury is expecting to hear soon, whether it will be allowed to reinstate bike racks on buses during the day 10:27

    Entertainment:
    Bianca Censori has literally laughed off the controversy still raging around her naked red carpet appearance at the Grammys 10:12

    National:
    Most retirees who rent live in poverty. Here’s how boosting rent assistance could help lift them out of it 10:07

    International:
    Why is public transport in American cities so bad? 10:07

    Soccer:
    Jubilation for struggling English Championship football team Plymouth Argyle 10:07

    Entertainment:
    Russell Brand has seen his production company amass more than £8million 9:42


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