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18 Jan 2025 11:42
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      Home > News > Business

    A key site in central Wellington that's been boarded up since 2019, is set to be re-developed

    A key site in central Wellington that's been boarded up since 2019, is set to be re-developed


    A deal has finally been struck for the city's derelict Reading Cinemas - after the Wellington City Council's initial plan to buy the land fell through.

    Private developer PrimeProperty has bought the site for 38 million dollars, with plans to strengthen it against possible earthquakes.

    Spokesperson Eyal Aharoni says the development will definitely help the city, particularly the downcast Courtenay Place.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     17 Jan: China's population has fallen for a third consecutive year, with the number of deaths outpacing a slight increase in births
     17 Jan: Banks are once again jockeying for position -- with ASB lowering its rates this morning, off the back of a move by Westpac yesterday afternoon
     16 Jan: ‘AI agents’ promise to arrange your finances, do your taxes, book your holidays – and put us all at risk
     16 Jan: Australia's unemployment rate has hit 4 percent, strengthening the case for a Reserve Bank rate cut
     16 Jan: Food price inflation is picking up again
     16 Jan: Kiwi retail investors are increasingly putting their money in US stocks rather than local ones
     16 Jan: All seven of Rotorua's emergency housing motels will stay open for now - but they must be shut down by the end of the year
     Top Stories

    RUGBY RUGBY
    England and British and Irish Lions winger Anthony Watson has retired from rugby at 30 on medical grounds More...

    BUSINESS BUSINESS
    China's population has fallen for a third consecutive year, with the number of deaths outpacing a slight increase in births More...


     Today's News

    		 Entertainment:
    Sarah Hyland expected Wells Adams to win 'The Traitors' 11:35

     Environment:
    The painstaking task ahead to identify victims of the Los Angeles fires 11:17

     Soccer:
    Former Scotland and Manchester United striker Denis Law has died at the age of 84 11:07

     Entertainment:
    Gracie Abrams had a "magical" time on Taylor Swift's Eras Tour 11:05

     Rugby:
    England and British and Irish Lions winger Anthony Watson has retired from rugby at 30 on medical grounds 10:47

     Entertainment:
    Brad Pitt feels like a "weight has been lifted" after finalising his divorce from Angelina Jolie 10:35

     Tennis:
    A recurring injury has ended Naomi Osaka's tournament at the Australian Tennis Open 10:27

     International:
    Triumphs, gaffes and miscalculations: A correspondent reflects on Joe Biden's presidency 10:07

     Tennis:
    Another gruelling but ultimately successful duel at the Australian Open for Brit Jack Draper 10:07

     Entertainment:
    James Woods insists "the future feels hopeful" - despite the ongoing wildfires in Los Angeles 10:05

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