'Seismic' fail: giant Asteron Centre to be retrofitted

'Seismic' fail: giant Asteron Centre to be retrofitted
City developer and investor Mark Dunajtschik said his main focus is to bring the building up to code. (Image: Property Council)
Asteron Centre, Wellington’s biggest office block, is facing significant earthquake remediation that will leave about 2,600 government and city workers without a workplace for another eight months at least.The owner of the 17-storey office development, city developer and investor Mark Dunajtschik, confirmed that work would start on the 45,000 square metre building in March – with expected completion by this August.The building, completed in 2010, has a council valuation of $179 million. Its major tenants include Inland Revenue...

More Property

Paul Bary lobbies minister over Du Val BTR
Property

Paul Bary lobbies minister over Du Val BTR

Du Val Build To Rent assets could be sold early next year; investor Paul Bary unhappy.

Receivers ask Du Val founders: ‘Where are the assets?’
Property

Receivers ask Du Val founders: ‘Where are the assets?’

Du Val receivers say they have evidence of other assets they want information on.

Maria Slade 21 Nov 2024
Reasonable progress or pass the parcel?
Property

Reasonable progress or pass the parcel?

Opinions split over whether buildings are being earthquake-strengthened fast enough.

Argosy reports improved interim profit
Property

Argosy reports improved interim profit

Demand for green buildings will boost earnings long-term, the company says.

Maria Slade 20 Nov 2024