Still waiting for takeoff: Why Air NZ never left its city headquarters

PremiumOpinionOpinion byAnne GibsonProperty Editor·NZ Herald·22 Jun, 2026 05:00 PM7 mins to readAnne Gibson, Property Editor for New Zealand's Herald, has been writing about real estate since 1985 and is a skilled and knowledgeable journalist with deep insights into property as well as other businesses.‌Staying: why didn’t Air NZ do what Greg Foran said back in 2022 and shift its world headquarters? Is a city lease extension imminent?Why is that empty Takapuna apartment building called The Loxley? Such an odd name. The story behind it may surprise.What are the four hottest categories in the property market right now?It was the flight that never took off.But no announcements were subsequently made about this grounding and few seem to have noticed the lack of movement.

Two years ago, Air New Zealand was due to move its world headquarters from Auckland’s CBD to what seemed