Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Stats NZ lease deal ‘astronomical’

Stats NZ lease deal ‘astronomical’

11 MAY 2017
FOR IMMEDIATE RELEASE

Statistics New Zealand’s new lease with Wellington’s Chow Brothers for offices at 318 Lambton Quay signs up taxpayers for $794 per square metre per year – an ‘astronomical’ amount for office space according to the New Zealand Taxpayers’ Union.

As reported by this morning's Dominion Post, documents released today show that the Ministry is paying $1.857 million for 2,338sqm of space – including paying $1,279.56 per square metre per year for level 3 of the building. Westpac Bank, a tenant renting floors in the same building, pays only $331.22 per square metre per year.

A schedule of tenants and amounts payable under the respective leases, provided to the Taxpayers' Union, is now available online at www.taxpayers.org.nz/westpac_house.

Jordan Williams, Executive Director of the Taxpayers’ Union, says, “Despite the market rate for ‘A’ grade buildings being no more than $500 per square metre, this eye-watering deal went through and is the talk of the town in Wellington’s property sector."

"The building owners won't believe their luck. An office lease priced at nearly $800 per square metre is astronomical."

"Until today, we thought the swanky viaduct harbour offices occupied by Auckland Council's Independent Maori Statutory Board were the most expensive publicly paid-for office space in the country. Looks like we were wrong. Taxpayers are forking out big bucks for what is nothing special in the middle of Wellington."

“The Statistics New Zealand official who signed this bizarre lease should be held to account. It makes a mockery of the Government’s previous efforts to get value for money in relation to office accommodation procurement."

"The fact this deal has attracted the attention of Wellington's commercial property owners, who are laughing behind the Government’s back, shows the deal is worthy of a ‘certificate of achievement’ for wasting taxpayer money.”

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The Rivals For The Covid Saliva Testing Dollar

If you want a good insight into what the limits of tiny, barely discernible steps to reduce poverty actually look like, delve into the latest Statistics Department figures on poverty in New Zealand Most of the nine measures utilised reveal little or no progress in combatting poverty over the 21 months to March 2020... More>>


 

Government: Reserve Bank To Take Account Of Housing In Decision Making

The Reserve Bank is now required to consider the impact on housing when making monetary and financial policy decisions, Grant Robertson announced today. Changes have been made to the Bank’s Monetary Policy Committee’s remit requiring it to take into ... More>>

ALSO:


RNZ: Alert Levels Remain

There are no new community cases of Covid-19 today, the Ministry of Health has confirmed.
Covid-19 Response Minister Chris Hipkins says at least half of the Papatoetoe High School community have been tested and the results that have come through so far have all been negative... More>>

ALSO:

Stats NZ: Latest Release Of Child Poverty Statistics

All measures of child poverty were trending downwards, prior to the COVID-19 lockdown, across the two years since year ended June 2018, Stats NZ said today. The COVID-19 lockdown in late March 2020 affected Stats NZ’s ability to collect data from households ... More>>

ALSO:


NZ Initiative: New Report Highlights How Our Housing Crisis Could Worsen If We Don’t Act Now

If New Zealand politicians thought the housing crisis in 2020 was bad, the worst is yet to come, warns a new report by The New Zealand Initiative. In The Need to Build: The demographic drivers of housing demand , Research Assistant Leonard Hong ... More>>

Parliament: Kiwi MPs Among The “Most Educated In The World”

New analysis of MP qualifications reveals New Zealand’s Parliament is one of the most educated and highest qualified in the world, and significantly more educated than Australia’s. The research, by Mark Blackham of BlacklandPR and Geoffrey Miller ... More>>

The Dig: An Illogical Ideological Struggle

Dig beneath all the trade wars and the arguments to the effect that the USA should not permit China to achieve economic and technological superiority, or even parity, and you find the real reason behind the conflict... More>>

Travel: Government Eases Visa Restrictions For Visitors In New Zealand

Visitor visa holders will be able to stay in New Zealand a little longer as the Government eases restrictions for those still here, the Minister of Immigration has announced. More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels