Tower Building incentives
Wednesday 24 November 2004
The owner of the Tower Building wants the Timaru District Council to look at some exact figures in relation to a renting alternative to revamping its headquarters.
By The Landlord
While the council is likely to approve the $8 million upgrade of its building tomorrow, the Munro Property Group's Mark Munro has written to the council to clarify his position.But the explanation is likely to be too late with the majority of the council committed to the revamp.
Mr Munro said he was concerned the council's consultants had quoted the refurbishment of the Tower Building at $4.7 million when it was "accepted within the building industry that a brand new building of the same size as the council required would cost approximately $4.1 million with lifts and air conditioning, fixtures and fittings to a medium level".
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.
