BANK OF N.Z.

Grey River Argus, 3 June 1937, Page 5

BANK OF N.Z.

BUYS MORE AUCKLAND , PROPERTY. (Per Press Association). AUCKLAND, June 2. Another purchase of Queen Street property has been mad'e by the Bank of New Zealand. To-day it acquired a three.storey building on the east side of Queen Street, above Wellesley Street.- It is occupied on the ground floor by Barry and Beale, Ltd., the Lido Milk Bar, and Cathay House. The seller is Mr W- H. Bartlett, who once occupied a portion of the promise-- The price paid' works out at a little over £6OO per foot, frontage. The Queen Street frontage is 33 .feet, and there is a depth of 824 feet. In. the middle of last month, it was announced that the Bank had purchased a three-storey shop and office building on the southern corner of Queen and Swanson Streets, as the first step towards the election of a large modern building, to replace the one which has housed its Auckland branch for about seventy years The price wag not then disclosed. The Bank’s purchase to-day was for the purpose of opening a subsidiary branch office.