Ministry of Education building

 

PHOTO: SUPPLIED Prominent office building 33 Bowen Street in the heart of the Government district in Wellington has been bought by a group of European investors for $82 million from Australian owners, Vinta Group.

The Ministry of Education building in Bowen Street Wellington with a “stairway to heaven” has been sold for $82 million to a syndicate of European investors led by German businessman Farhad Vladi.

It is understood to be the second largest sale of an office building in Wellington this year.

The largest was the sale of the Spark building on Lambton Quay for $197.5m, announced late last year, but settled this year.

The 33 Bowen Street, 12-level office building in the heart of the Government sector is the second Wellington property sale in a few weeks for Australian owners Talavera Property, a subsidiary of Vinta Group.

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