Majestic Centre, Wellington's tallest building, is for sale, again CHLOE WINTERSUPPLIED The Majestic Centre in Wellington. Kiwi Property has put the capital's tallest building, the Majestic Centre up for sale, as the property group focuses on developments at Sylvia Park in Auckland. READ MORE:* Majestic Centre marked down in Kiwi Property valuations* Wellington's Majestic Centre, Porirua Mall to sell in Kiwi Property deal with NPT* Kiwi Property open to sale of Wellington's Majestic Centre and Porirua's North CityHowever the deal, which also included North City, Porirua's shopping centre, failed to win shareholder approval. "Majestic Centre and North City have … been selected for sale as they are attractive assets with solid fundamentals," Gudgeon said. In April, Kiwi Property wrote down the value of the Majestic Centre by $5m to $119.4m.

Source: Stuff August 18, 2017 17:03 UTC