PHOTO: ROBERT KITCHIN/STUFF Cornerstone Partners has recently bought several commercial floors in the Trade Me building (pictured) in central Wellington. From left, part-owner and chief executive Andrew Cotterrell, 50 per cent owner and director Charlie Zheng, and chief financial office and director John Yiappos.
Wellington’s Cornerstone Partners has built its commercial property portfolio to close to $400 million in the capital with the recent purchase of two buildings.
Cornerstone is relatively new to the game, led by local Chinese businessman Chao (Charlie) Zheng, building property wealth over eight years, including spending about $25m-to-$30m on earthquake strengthening.
It expects to complete the $26m upgrade and seismic strengthening of the heritage listed-Harbour City Centre in the Wellington CBD in July.
It is one of several seismic strengthening projects in a portfolio of 18 buildings.
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