Council property purchases mount up
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.’’