Bankrupt property developer Terry Serepisos' former head office the ASB Bank Tower has been sold to Wellington lawyer Mike Garnham.
The sale of the 16-storey block on the corner of Hunter St and Jervois Quay was settled last week.
The building was put up for tender late last year on the instructions of the receiver of Century City Investment's receiver Barry Jordan.
CBRE and Colliers International agents Ryan Johnson and Bill Leckie both told The Dominion Post they were not able to disclose the sale price because they were bound by confidentiality.
However, it is understood the building has sold for about $21 million.
Mr Serepisos, who was bankrupted in September with debts of around $200 million, paid $23.5m for the building in 2006. It had a 2009 rating value of $34.2m.
Mr Garnham also owns Craig Investment Partners House a few blocks north on Waterloo Quay and a large deer farm in Wanaka.