Coun­cil prop­erty pur­chases mount up

Kapi-Mana News - - FRONT PAGE -

Porirua City Coun­cil has been buy­ing prop­erty steadily, and has spent more than $6 mil­lion since 2007.

That year, the coun­cil bought the for­mer Chal­lenge petrol sta­tion site for $2.5 mil­lion.

Coun­cil chief ex­ec­u­tive Wendy Walker said while its cur­rent use was a car park, devel­op­ment for the site was ad­vanced.

‘‘We are in ne­go­ti­a­tions with a na­tional com­pany and ex­pect to make an an­nounce­ment on this quite soon,’’ she said.

Other ex­am­ples of coun­cil prop­erty pur­chases since 2007 in­clude prop­er­ties at 34 and 36 Steyne Ave in Plim­mer­ton ($1.125m), three parcels of land in Whitby ($850,000), 19 Bay Dr in Ti­tahi Bay (the 7000 square me­tres and with a rate­able value of $1.225m) and the Ca­ble House in front of it.

‘‘As mar­ket op­por­tu­ni­ties arise, the coun­cil will as­sess each on its mer­its.’’

The coun­cil also bought re­tail and of­fice space in the CBD as part of the city cen­tre re­vi­tal­i­sa­tion project, 109 hectares be­low Colo­nial Knob and a par­cel next to Pare­mata Bridge.

Last year the New Zealand Post build­ing was bought for about $570,000 and the 9217sqm Carters site at 75-77 Kenepuru Dr.

In re­sponse to a ques­tion about whether other pur­chases were planned, Walker said: ‘‘As mar­ket op­por­tu­ni­ties arise, the coun­cil will as­sess each on its mer­its.’’

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