Sharechat Logo

BNZ quits Harbour Quays lease citing 'considerable' repair time

Monday 26th March 2018

Text too small?

Bank of New Zealand has exited its lease on the CentrePort Harbour Quays building, saying the quake-damaged premises will take considerable time to repair.

The building, which is owned by CentrePort, was significantly damaged in the November 2016 earthquake and BNZ's 1,500 staff have not returned since then. CentrePort also owns the nearby Statistics House which is being demolished. It hasn't yet decided whether the Harbour Quays office building, which is three times the size of Stats House, is economic to repair.

BNZ, which has been in the building since it opened in 2009, said it worked closely with CentrePort to understand the remediation process and "we now know that it will take considerable time to reinstate the building."

“By the end of 2018, our Wellington-based staff will be based in three locations – Ricoh House, Spark Central and 96 The Terrace," BNZ director Richard Griffiths said. "We envisage those buildings being our home for the foreseeable future."

CentrePort's general manager for property Nick Wareham said the company was grateful for the partnership with BNZ, which signed on to the building when it was in the planning stages in 2006.

"While we are sad at this decision, we thank BNZ for its patience these past 16 months and acknowledge the impact the earthquake-damaged building has had on BNZ’s people and business," Wareham said. 


  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Spark scolded for misleading customers on broadband price hike
Zespri annual profit jumps 77% on higher kiwifruit sales, increased licensing
Freightways says express package growth slowed in 2H, may flow into FY2020
BUDGET 2019: NZ debt target to be more flexible from 2022
Argosy annual profit climbs 36% on revaluation gains, pays slightly bigger dividend
NZ-owned banks says RBNZ capital proposals will make it harder to compete
Sanford earnings hit by vessel impact from crew death
Metroglass' Australian woes drag annual net profit down 69%
Fonterra says more assets under review as it cuts guidance, narrows forecast payout
Active, planning role urged for new infrastructure body

IRG See IRG research reports