Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Local developer chosen in a build/leaseback agreement

Local developer chosen in a build/leaseback agreement on regional council’s new Masterton building

Greater Wellington Regional Council has agreed in principle to sell its former Masterton office to local property development company Endeavour Concepts Limited, which will develop a new building and lease it to Greater Wellington.

The regional council’s former Masterton offices, at 34 Chapel St, have only been used for meetings since October 2018. The front part of the Chapel St main office building has an earthquake rating of just 45% New Building Standard (NBS) and the rear part of 35-40% NBS.

“It’s not a safe or efficient building, and our duty of care to staff and visitors requires us to provide safe accommodation. Other than its seismic condition, the building also dates from 1966 and is effectively nearing the end of its functional and economic life,” says Cr Adrienne Staples.

“While designs are yet to be completed, we’re looking at leasing a robust sustainable new building with reduced overall energy consumption, designed incorporating some key environmentally sustainable initiatives. It will also smarten up the Chapel St streetscape.”

Greater Wellington has owned and occupied the main Masterton office building at 34 Chapel St since acquiring the property from Masterton District Council in 1989. In 2004, the adjoining property at 24-26 Chapel St was purchased for future redevelopment of the combined sites for a new Masterton office.

As part of the RFI and RFP process Greater Wellington considered several options, including:

· Searching the open market for new or existing building leases, including staying on long-term at the Departmental Building

· GWRC developing its own new building on the existing site

· Selling the existing property to a developer and leasing back the new building on the site.

Following detailed analysis of the three options, the last was chosen.

Greater Wellington staff work from temporary alternative office accommodation on level four of the Departmental Building where we have been operating since October 2018 with a lease in place to April 2021.

Details on the final design and date of completion of the new building are yet to be finalised.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Covid-19: 2 Border-Related Cases Confirmed

Two people who completed their managed isolation in the same facility and at the same time as the Northland case are now being treated as confirmed COVID-19 infections. “While we still can’t categorically rule these out as historical infections, ... More>>

ALSO:

Gordon Campbell: On The Risk Of Being Short Changed By Pfizer

Who knew that the delivery of the Covid vaccines was going to be such a headache? All the predictions had been around the likely distribution problems. Would there be enough trained vaccinators around the country, a sufficient number of medical glass vials, a sufficiently robust “cold chain” to safely store the vaccines out in the field? All those issues remain. Currently though, production and delivery concerns are also hovering over whether the drug companies will live up to their contractual commitments, on time... More>>

 

New Zealand Government: Moves On Climate Promises

The Government is delivering on its first tranche of election promises to take action on climate change with a raft of measures that will help meet New Zealand’s 2050 carbon neutral target, create new jobs and boost innovation. More>>

ALSO:

National: Leader Of The Opposition’s State Of The Nation Speech

Kia ora and thank you for that welcome. It is a pleasure to be here. Thank you to the Rotary Club of Auckland and the EMA for hosting me at this first event in your centenary year. National and Rotary share many common principles, including community ... More>>

ALSO:

Ministry Of Health: Probable Case Of COVID-19 In A Returnee

The Ministry of Health is investigating a positive test result in a person who recently travelled from overseas and completed their stay in managed isolation in a facility in Auckland. In the case we are investigating and reporting today, the person had ... More>>


ALSO:


Oranga Tamariki: Chief Executive Grainne Moss Steps Down

Controversial Oranga Tamariki chief executive Grainne Moss has decided to step down. More>>

ALSO:


Government: New Zealand And China Sign FTA Upgrade

Trade Ministers for New Zealand and China today signed an upgrade to the free trade agreement between the two countries. “This modernises our free trade agreement and ensures it will remain fit for purpose for another decade,” Minister for Trade ... More>>

Oxfam NZ: Wealth Of New Zealand’s Richest Person’s Soars By $3.4bn Since Beginning Of Pandemic

New Zealand’s richest citizen, Graeme Hart, has seen his fortune increase by NZ$3,494,333,333 since March 2020 – a sum equivalent to over half a million New Zealanders receiving a cheque for NZ$6,849 each, reveals a new analysis from Oxfam today. The New Zealand ... More>>

ALSO:

Government: New Public Housing Plan Announced

RT HON JACINDA ARDERN HON DR MEGAN WOODS The Government has released its Public Housing Plan 2021-2024 which outlines the intention of where 8,000 additional public and transitional housing places announced in Budget 2020, will go. “The Government ... More>>

Government: Pre-Departure Testing Extended To All Passengers To New Zealand

To further protect New Zealand from COVID-19, the Government is extending pre-departure testing to all passengers to New Zealand except from Australia, Antarctica and most Pacific Islands, COVID-19 Response Minister Chris Hipkins said today. More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels