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1 Nov 2025 22:45
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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
     01 Nov: Thousands of PowerNet customers remain cut off in the lower South Island - a week after a severe storm downed much of its network
     01 Nov: US AI chip giant, Nvidia is rapidly propelling its stock to record highs
     01 Nov: The mystery of Prince Andrew's finances and why there are calls for more transparency
     01 Nov: Increasing demand from Asia is forecasted to boost global beef trade in the next five years
     01 Nov: Economists say back to back house price increases could be a signal of recovery in the market
     01 Nov: New data shows Kiwis lost significantly more money to online credit card scams last month
     31 Oct: One of Christchurch's hottest hospitality spots has sold for 60 million dollars
     Top Stories

    RUGBY RUGBY
    The Chicago Bulls are emulating their famous 19-96 NBA basketball squad led by Michael Jordan More...

    BUSINESS BUSINESS
    Thousands of PowerNet customers remain cut off in the lower South Island - a week after a severe storm downed much of its network More...


     Today's News

    		 Soccer:
    Auckland FC have beaten visiting Adelaide United 2-1 ... to go top of football's A-League table 21:56

     Law and Order:
    A person's been arrested after a grievous assault on Manurewa's Mahia Road just after 7 this evening 21:16

     Basketball:
    The Chicago Bulls are emulating their famous 19-96 NBA basketball squad led by Michael Jordan 18:57

     Health & Safety:
    Two new measles cases have been confirmed in Wellington; one a student at Wellington Girls College 18:36

     Motoring:
    State Highway One in Christchurch's Hei Hei's now reopened - after a house fire forced it to close 18:06

     Auckland:
    A Lamborghini's burst into flames in a two-vehicle crash in Auckland's Remuera this afternoon 17:27

     Soccer:
    Auckland FC striker Jesse Randall is impressing coach Steve Corica with his standards on and off the pitch ahead of today's home A-League clash against Adelaide United 16:57

     Rugby:
    One of the newest All Blacks has lingering memories of the 20-16 loss to Ireland in Chicago 16:17

     Politics:
    Japan wants to hire more bear hunters after record number of people attacked 15:37

     Rugby:
    The All Blacks admit they've had some inside intel on the Irish, ahead of tomorrow's clash at Soldier Field in Chicago 15:27

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