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  • The Port Nicholson Block Settlement Trust (PNBST) has ended negotiations to buy Wellington railway station.

Last October the trust’s commercial arm triggered a process to begin negotiations to purchase the site, after KiwiRail chief executive Peter Reidy said it was too big for the state-owned company’s needs.

But PNBST chairman Neville Baker said the trust, which had the right of first refusal to buy the site, had decided not to buy it.

“We have not been able to proceed in buying it. The last discussion we had was that it would probably be offered on the open market.”

READ MORE:
* Settlement trust confident it will own Wellington station within six months
* Port Nicholson Block Settlement Trust want to buy Wellington railway station
* Port Nicholson Block Settlement Trust closing on Shelly Bay sale
* Peter Jackson’s hi-tech plans for Wellington’s Matiu Island tourism

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KENT BLECHYNDEN/FAIRFAX NZ
The Port Nicholson Block Settlement Trust will not be buying Wellington railway station.

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