Auckland developer Kurt Gibbons buys Ryman’s Newtown site

Kurt Gibbons is the owner-founder of property developer Gibbons Co. (Image: Fiona Goodall)

Thu, 31 Oct 2024

Auckland property developer Kurt Gibbons has bought the site of Wellington’s old Tip Top bread factory from Ryman Healthcare. Property records show a company called Adelaide 52 Limited bought the 5000-square-metre property at 194 Adelaide Rd, Newtown, for $7.25 million in August. Adelaide 52 is wholly owned by Gibbons, who is behind Auckland-based Gibbons Co, a self-described “luxury property company”.The Newtown property's rating valuation (RV), which dates back to September 2021, is $18.2m.Gibbons Co did not re...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

On the Money

On the Money: China, Miles Hurrell's kiwifruit, and more

The adventures of Prime Minister Christopher Luxon’s travelling business troupe.

Dileepa Fonseka 5:00am

Cars

Carmakers still scrambling to get rare-earth magnets

A deal to free up Chinese shipments hasn’t sped up export approvals, companies say.

The Wall Street Journal 5:00am

Carmakers still scrambling to get rare-earth magnets

Technology

Insurers ‘under siege’ by notorious hacking group

Breaches bear hallmarks of attacks on Marks & Spencer and Las Vegas gambling giants.

The Wall Street Journal 5:00am

Insurers ‘under siege’ by notorious hacking group

Sponsored

Why corporate giving matters

Dave Letele and Z provide support where urgent need is overlooked.

Z Energy

Sponsored

New Zealand’s AI imperatives: Transparency and the human touch

Hard-hitting report warns uncertainty could block progress.

One NZ

More Property

Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025