Wellington developer quintuples value of office tower
Mike McCombie bought the buiding for $14.4 million just two years ago.
Chris Hutching Mon, 08 Jun 2015
In August 2013 Wellington developer Mike McCombie bought an office building at 133 Molesworth St for $14.4 million.
Now he has just clinched a deal to sell it for $80 million to a Western Australia company, Ascot Capital, in its first foray into the New Zealand property market.
The jump in value
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).