'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

Precinct to make a call on fast-tracking Downtown
Property

Precinct to make a call on fast-tracking Downtown

The property developer could apply for fast-tracking, or stick with the traditional route.

Maria Slade 20 Feb 2025
Vital Healthcare dual listing off the agenda, for now
Property

Vital Healthcare dual listing off the agenda, for now

Easing interest rates feed into the medical property investor's improved result.

Maria Slade 20 Feb 2025
Wolfbrook buys Du Val property management business
Property

Wolfbrook buys Du Val property management business

But property owners want the same favourable terms they had under Du Val.

Maria Slade 20 Feb 2025
Infrastructure fund benefits 'oversold' – developer
Infrastructure

Infrastructure fund benefits 'oversold' – developer

Developers outline problems with projects supported by a slow-going fund.

Garth Bray 19 Feb 2025