PHOTO: ROBERT KITCHIN/STUFF – Property developer and philanthropist Mark Dunajtschik says he can’t do justice to the children’s hospital and Polo House projects at the same time.
Wellington property developer Mark Dunajtschik has sold the first Wellington building he bought so he can focus on the new $50 million children’s hospital he is bankrolling and building.
The philanthropist bought Polo House on the corner of Chaffers and Wakefield streets in 1987 from property investor Sir Robert Jones.
The building, which has been vacant since the Kaikōura earthquake in November 2016, was sold to Wellington property investor Vlad Barbalich for $4.5 million.
Dunajtschik said he sold the building because strengthening works and the conversion of the remaining offices into apartments, was too time consuming.
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