Historic B.N.Z. site sold by auction
PA Hamilton Hamilton’s historic Bank of New Zealand site has been sold by auction to a former Hamilton businessman. The 6000 sq m site on the comer of Hood, Victoria and Alexandra Streets was sold for $1.9 million at an Auckland auction.
Jones Lang Wootton sales negotiator, Brett McLean, said the property was bought by an Auckland developer. He did not know how the businessman's company was planning to develop the site but said some of his ideas were “very exciting.”
He was reluctant to comment on the price but said it was “very good buying” and the price was indicative of the market in its present state.
The BNZ site was previously owned by Admiral Investments, Ltd — an Auckland-based company headed by former Hamilton businessman Robert Chandler. The BNZ building on the corner of the site has been at the centre of discussions between the Hamilton City Council, the former owner and the Historic Places Trust. The trust believes the building is the most important public building in Hamilton. The former Minister of Conservation, Mr Marshall, signed a protection notice for the building earlier this year. The trust has given the building a B grading - recognising but not enforcing the need for preservation.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19871203.2.182
Bibliographic details
Press, 3 December 1987, Page 45
Word Count
210Historic B.N.Z. site sold by auction Press, 3 December 1987, Page 45
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.