NZ Post build­ing sold

Kapi-Mana News - - FRONT PAGE - KRIS DANDO

The NZ Post build­ing in cen­tral Porirua has been sold to a de­vel­oper and will be turned into apart­ments.

Porirua City Coun­cil growth and part­ner­ships gen­eral man­ager Bryan Patch­ett said a con­di­tional sale and pur­chase agree­ment has been signed.

‘‘It is sub­ject to con­di­tions so it won’t be fi­nalised for a fur­ther three months.’’

Along with earth­quake strength­en­ing, there was the task of re­mov­ing a mi­nor amount of as­bestos, Patch­ett said.

The coun­cil bought the four­storey, 350-square-me­tre build­ing for $580,000 in late 2014.

The cap­i­tal value in Au­gust 2013 was $2.875 mil­lion, but dur­ing the 2013-14 fi­nan­cial year it dropped to $1.1m.

NZ Post faced crit­i­cism for mov­ing Porirua’s main post of­fice from the city cen­tre to the Me­gaCen­tre in late 2012. At the time, a NZ Post spokesper­son said the move was based ‘‘purely on our own in­ter­nal pol­icy’’.

The build­ing did not meet NZ Post’s re­quire­ment of 66 per cent of the build­ing code.

Porirua res­i­dents were peer­ing in the glass win­dows for months af­ter it closed and vented on so­cial me­dia and through let­ters to Kapi-Mana News about the in­con­ve­nience of the Me­gaCen­tre post of­fice.

PHOTO: MAARTEN HOLL/ FAIRFAX NZ

Porirua’s NZ Post build­ing, which has been sold by own­ers Porirua City Coun­cil to a de­vel­oper.

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.