PHOTO: ROSS GIBLIN/STUFF – The 20,500 square metre building had a rateable value of $95 million.

After 18 months of insisting it would to return, BNZ has finally admitted it is quitting its principal Wellington building.

BNZ’s five-storey, 21,000 square metre Harbour Quays building, owned by CentrePort, has sat empty since the the November 2016 Kaikōura earthquake.

The bank has doggedly insisted it planned to return to the building, where more than 1000 of its employees worked, but told staff on Monday morning the plans had changed. On Tuesday the BNZ’s logo will be removed from the building.