How a bureaucratic cull could hit Wellington's CBD

How a bureaucratic cull could hit Wellington's CBD
The recently completed 10,049-square-metre 40 Bowen St, Wellington, where professional services and government agencies rub shoulders. (Image: Precinct Properties)
Brent Melville
Government workers occupy about 362,000 square metres of office space in Wellington's central business district, or about 30% of the capital's total occupied workspace.Adding council and other localised government employees into the mix, there's a total of 523,000 sqm taken up, or closer to 43% of the total office footprint, research from commercial leasing group CBRE shows.Further reflecting the city's commercial reliance on its government workers, more than 27,000 of the nation's 60,078 civil servants are employed in Welli...

More Property

Analysts eye upside in property sector as values stabilise
Property

Analysts eye upside in property sector as values stabilise

On average, listed property companies are trading at a 22% discount to NTA.

Private building consent body offers competition
Property

Private building consent body offers competition

The country's first independent consenting authority is targeting group builders.

Stuff/TradeMe go head to head with NZME
Property

Stuff/TradeMe go head to head with NZME

The marriage of online advertising portals with news producers continues.

Pattrick Smellie 03 Jun 2025
Argosy signals succession plan
Property

Argosy signals succession plan

Argosy Property has signalled its management and governance succession plan.The listed property company told the market on Tuesday that directors Chris Gudgeon and Mike Pohio will not stand for re-election at the coming annual general meeting (AGM) in July. The firm also said tha...

Gregor Thompson 03 Jun 2025