Sentimental Bob back in business

Tuesday 6 July 2004

Sentiment – and not just dollars and sense – is behind Sir Robert Jones' increased investment in the Wellington property market.

By The Landlord

Sir Robert confirmed yesterday his purchase of Lambton House for $18.3 million – his fourth big building buy this year.

On settlement, his company Robert Jones Holdings Ltd planned to spend $400,000 refurbishing the 14-storey building's lifts and air conditioning.

The building, fronting both Lambton Quay and The Terrace, houses the head office of Land Information New Zealand.

A combination of affection for his home town, cultural factors and property trends has helped to reawaken Sir Robert's interest in the Wellington market.


Read More - Opens in a new window
Commenting is closed

Property News

Return to market form

There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.

Mortgages

LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer