16-storey office tower, leased to Todd family, for sale in Wellington

A Wellington office tower, headquarters of one of New Zealand’s largest family-owned companies, is up for sale.

The Todd Building on the corner of Customhouse Quay and Hunter St has been put on the market by 678 Trustee, a company owned by Wellington property developer Ian Cassels.

The 16-storey property was built in 1988, and is leased to several well-known corporations including Todd Energy, Oracle and Kiwibank.

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Ian Cassels’ company owns the building, which sits on land owned by the Wellington City Council.