Caniwi Capital snaps up another Wellington student apartment complex

Fri, 29 May 2015

By Pattrick Smellie May 29 (BusinessDesk) - Wellington-based investment firm Caniwi Capital has paid $33.3 million to acquire a newly refurbished Victoria University student accommodation block formerly housing ANZ Bank operations in the Wellington central business district. The purchase of 175 The Terrace follows Caniwi's acquisition in 2013 of a Boulcott St multi-storey building for $14.3 million, also converted from commercial use to student accommodation. The firm now has a $125 million commercial property portfolio in Wellington,...

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