N.Z. Post H.Q. delay
PA Wellington Almost nine months after the announced sale of the New Zealand Post headquarters building in Wellington, the deal has still not been completed. Last November, N.Z. Post said it was selling the head office on Waterloo Quay to Venture Pacific at a record price for a Wellington building. N.Z. Post’s chairman, Mr Michael Morris, indicated the price was between $6O million and S6SM. Venture Pacific is 86 per cent owned by National Provident Fund. Venture Pacific’s chairman, Mr Alan Langford, said last week the conditions of the deal were supposed to be satisfied by June, but the contract date had been extended. N.Z. Post property manager, Mr Ivan Clulee, confirmed there was a conditional contract for the sale of the building, but said the time had not yet run out. Mr Clulee said the final date was “not too long away”
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Press, 14 August 1989, Page 28
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147N.Z. Post H.Q. delay Press, 14 August 1989, Page 28
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