Property Developers Equinox Capital Ltd have begun work on a new project called Lambton on Waititi. The boutique apartment and hotel complex will be built on what has been a vacant site on the corner of Kate Sheppard Place and Lambton Quay, adjacent to Wellington’s transport hub.
Lambton on Waititi will consist of three floors of boutique hotel, with a further six floors of two bedroom apartments. Several apartments will have harbour vistas, while others will be facing Parliament.
Kerry Knight, CEO of Equinox Capital Ltd, stated in a recent letter to local residents, “We do appreciate that people don’t like change and people would rather have the status quo and that especially where views or outlooks are concerned, there is an impact. We do apologise for this however you will appreciate the millions of dollars we have invested in the land and how we have to get a return on these funds.”
He suggests residents have a look at their website – www.onelambton.co.nz – or attend an open home at the site over the next few weeks.”