PHOTO: SUPPLIED The 15-storey Mayfair House, built in 1986 and located at 44-52 The Terrace, is one of two large central Wellington buildings placed on the market for sale by owners Precinct Properties.
Leading property player Precinct Properties has placed two of its large Wellington office buildings on the market.
The city property specialist is one of New Zealand’s largest listed property companies and is selling Pastoral House at 25 The Terrace and Mayfair House at 44-52 The Terrace.
Precinct valued Pastoral House at $45 million and Mayfair at $44m last year, according to information released at its annual result last August.
The company is in the midst of a large building programme with development projects in Auckland and Wellington where its properties are.
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