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Russian oligarch buys former Ashburton council building

  • A Russian oligarch has purchased the former Ashburton District Council building for $2.3 million, as reported by Havelock Development Limited.
  • The purchase includes a three-storey building and 5,059 square metres of land, with settlement completed on Friday, according to Ashburton Council Chief Executive Hamish Riach.
  • The sale price will help offset costs for Ashburton's $63.2 million Te Whare Whakatere Library and Civic Centre, which opened last year.
  • The Ashburton District Council also sold two relocatable buildings for $160,000 and received $20 million from the government's shovel-ready infrastructure programme.
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