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Friday April 17 2015
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Ngai Tahu reveals plans for central city site By Gabrielle Stuart
A NEW development is set to bring more than 1000 office workers into the central city within two years. Ngai Tahu Property revealed plans yesterday for two five-storey office buildings, a 600-space car park, a large public piazza and about 70 apartments. It will be built on the site of the former police station on Cambridge Tce, and the development is set to take up the entire block. Work is set to start in July, and the first stage is due to finish in October next year. The BNZ Centre developer Nick Hunt said it was good to see new developments coming into the central city. But he warned that finding tenants for new buildings could become more difficult, as there was a limited number of tenants who could afford the new central city buildings. He did not expect to see many more developments of the size. “There is a limited amount of demand, so I would suspect that there won’t be, at least for several years. But I would be happy to be proven wrong.” The Government is set to occupy more than half of one of the office buildings, with Ministry of Education, Ministry of Health and Housing New Zealand staff based there. • Turn to page 3
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