Sharechat Logo

Capital Properties boss lured north

By Christine Nikiel

Friday 5th September 2003

Text too small?
Wellington-based Capital Properties will be hunting for a new head man as longstanding chief executive Nick Wevers takes up a new position in Auckland.

After 12 years with Capital Properties, Mr Wevers (48) will move north to take up a position with a private investment firm.

The former NZI and Marac executive won't say what the new job will be, just that it would be "exciting" and in a non-competing sector of the property market.

"I'm moving because I've had a good offer. I've had other approaches over the years but this was the opportunity that suited me," he said.

He said the decision to leave Capital Properties was a difficult one because the company was in such good health, with a portfolio spread of 60% Wellington stock and 40% Auckland.

Mr Wevers joined the company in 1991, when it was still Government Property Services, and led it through the transition to Capital Properties. He saw it through its 1998 listing, the takeover of Auckland's Shortland Properties in 1999 and the recent rights issue.

The former Property Council president takes up his new position on February 1 next year.

  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:

The customer is always right
The modern era of globalisation is in danger
SeaDragon delisting announcement
Kiwi Property reports 2020 financial results
Plexure powers ahead with record revenue growth and profit
Metlifecare substantial shareholders support court action to enforce sia
Fonterra provides performance and milk price updates
Millions of Newly Jobless in China Pose a Looming Threat to Xi
Strong seasons set up venison industry to weather Covid-19 storm - industry analyst
Soaring Silver Attracts Investors

IRG See IRG research reports