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Exciting Future Ahead

2nd May 18

Back in 2014 the Inland Revenue Department announced that it needed new premises to house it's 900 staff that were, at that time, based in the somewhat iconic IRD building in Bryce Street.

Since then, around 400 staff have moved to offices in Garnett Avenue, Te Rapa leaving 500 still in Bryce Street. However in 2016, a second announcement was made by the IRD advising that an agreement had been reached with a development company for a lease in a new development to be built on Home Straight, Te Rapa. To date, plans are on track for the staff housed at Bryce Street to move to the new Te Rapa offices later this year.

Where does this leave the grand old lady known as "The IRD Building"?

A top Wellington property developer, The Wellington Company will be making that decision within the next three months, after successfully purchasing the building.

Managing Director Ian Cassels has said that he's keen to be a part of the revitalisation of Hamilton City.  "It's the Tron. It's the place to be and it's happening for a lot of people," he said. "It's a good city. We're very pleased with it."  He further stated   "The city is in a development phase, similar to what Wellington went through in the 1990's. It has a beautiful river and a bit of attitude ... It has got some great restaurants and plenty of art around the edges. It just needs to work its way through the next years and it will be fine."

Mr Cassels floated a few possibilities for the site including a residential development, offices, a hotel or possibly student accomodation.

To read the full Stuff article written by Te Ahua Maitland, click here.

After seeing some of the company's work in Wellington, it will be exciting to see what they have in store for this Hamilton icon ... Check back here for updates.

 

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Filed under Hamilton / Waikato \ Real Estate

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