MediaWorks Auckland property


PHOTO: SUPPLIED Collectively the MediaWorks Auckland property has a council valuation of $25 million.

Channel Three’s headquarters in Auckland, with a $25 million council valuation, is on the market after parent company MediaWorks recently put its television business up for sale.

The 4358 square metre property, spread across six titles on Flower Street and New North Road, in Auckland’s city fringe was listed on Friday afternoon and is being marketed by Bayleys.

A week earlier MediaWorks said it intended to sell its television arm and had engaged investment bank UBS as an adviser to help identify a list of potential buyers. Its current TV channel stable includes Three, ThreeLife and The Edge TV.