Another Wellington office block to be redeveloped into student hostel

PHOTO: ROSS GIBLIN/STUFF – The Wellington Company managing director Ian Cassels says converting surplus office buildings is one of the few effective ways to help with the student housing crisis.

High profile property developer Ian Cassels has bought a multi-storey office block in central Wellington to convert it into student accommodation.

The Wellington Company managing director bought the 2500-square-metre building on Boulcott St for just over $3 million.

The five-storey building, known as ComSmart House, is fitted out with offices, however it will eventually be converted into student accommodation.

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