Sentiment – and not just dollars and sense – is behind Sir Robert Jones' increased investment in the Wellington property market.
Tuesday, July 6th 2004, 2:44AM
by The Landlord
Sir Robert confirmed yesterday his purchase of Lambton House for $18.3 million – his fourth big building buy this year.
On settlement, his company Robert Jones Holdings Ltd planned to spend $400,000 refurbishing the 14-storey building's lifts and air conditioning.
The building, fronting both Lambton Quay and The Terrace, houses the head office of Land Information New Zealand.
A combination of affection for his home town, cultural factors and property trends has helped to reawaken Sir Robert's interest in the Wellington market.
