adsense

 

PHOTO:  NICHOLAS BOYACK/STUFF – Wellington developer Ian Cassels and Lower Hutt Mayor Ray Wallace celebrate Cassels’ purchase of the former BNZ building.

Lower Hutt’s struggling central business district has received a vote of confidence from Wellington developer Ian Cassels.

On Thursday, the council announced Cassels had purchased the former BNZ site on High St for $1.5 million.

Cassels hopes to put a craft brewery in the bottom floor and turn the earthquake-prone building into apartments.

In-mid 2015, the council bought the site in for $2.8m from developer Raman Sarin who had resource consent to build a $25m hotel and apartment complex.

READ MORE
Diggers about to start on Hutt hotel
Call for inquiry into BNZ purchase
Mystery over BNZ inquiry

 

READ MORE VIA STUFF