Split Risk Office Tower With Future Conversion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Friday, 26 February 2021, 4:34 pm
2
Manners Street, Wellington.
A
prominent Wellington CBD office tower with more than 40
percent of its income underpinned by Crown tenants, has come
to the market for sale.
Formerly known as Kordia
House, the property at 2 Manners Street – where Manners
intersects with Willis Street – has been owned by a
syndicate of private investors since 2009.
Under this
ownership, significant capital investment has been made to
the building including strengthening to 71 percent new
building standard, lift and air conditioning upgrades and
partial resurfacing to the carpark on level four of the
14-level building.
As some members of the syndicate
now wish to release equity from the property, it is being ....

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