Kirkcaldie property sale falls through after buyer walks away

Tue, 04 Dec 2012

Dec. 4 (BusinessDesk) - The mystery buyer of Kirkcaldie & Stain's Harbour City Centre on Wellington's Lambton Quay has walked away after deciding the building wasn't the right fit as an investment. The bidder for the $46.5 million property confirmed it wasn't satisfied with the building after deciding the rear development site of the building didn’t fit its business plan, Kirkcaldie said in a statement. The buyer missed last Friday's deadline to confirm it was satisfied after performing due diligence. Kirkcaldie "understands that the purch...

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