Todd building fails to sell; ground lease takes a big chunk out of rental return
Sale deadline passed 16 days ago without anybody signing up to buy the property.
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A signed contract has proved elusive in the sale of Wellington headquarters of Todd Energy, sitting on leasehold land owned by Wellington City Council which charges about $850,000 a year in ground rent.
The sale deadline of the 16-storey trophy office tower on Customhouse Quay closed 16 days ago
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Sally Lindsay
Fri, 29 Sep 2017
Fri, 29 Sep 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Todd building fails to sell; ground lease takes a big chunk out of rental return
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