The Old Bank Arcade is a retail and office complex on a corner site at Lambton Quay, Wellington, New Zealand.
Built by T. Carmichael, it is a brickwork shell with timber flooring, pressed metal ceilings and plaster decoration.
[1] Wellington City Council took possession of all four buildings in 1975, in exchange for the Bank of New Zealand acquiring land at the corner of Willis Street for their new BNZ Centre.
The Australian company Ipoh bought the four buildings from Wellington City Council for $1 in 1994, on the understanding that they would refurbish the site.
At the time, a manager from Downer said that one of the challenges would be "to lift the buildings, and hold them up while pouring several thousand cubic metres of concrete in the basement without dropping it".
Each hour, four petals open to reveal animated scenes relating to the life and times of the former Bank of New Zealand site.
The clock was made by Timetech Systems Ltd of Lower Hutt, with robotic work contracted to Miramar-based firm Robotechnology Ltd.[9]