Dunbar Sloane

PHOTO: SUPPLIED The Dunbar Sloane building in Waring Taylor Street in the Wellington CBD will be converted into shared office space and earthquake strengthened over the next 18 months.

The former home of renowned Wellington auctioneers Dunbar Sloane is set to take on a new life as cool, modern shared office space.

The five-level Dunbar Sloane building is being strengthened to 100 per cent of the New Building Standard and redeveloped by leading shared workspace provider, Generator, its first offering in the capital.

Generator is owned by big property player Precinct Properties, a specialist in developing and investing in Auckland and Wellington city centre office property.

Precinct has bought the character building at 30 Waring Taylor Street, in the capital’s CBD, for $5 million, to redevelop it into co-working, event, meeting and private office space.