Far North Holdings has been commissioned to build a new Ministry of Education office in Kaitāia, on part of the car park the company owns at the corner of Redan Rd and Commerce St.
The ministry plans to move into the new building in December.
Aspects of the building's design, construction and fit-out have been dictated by the ministry, but it will be owned by FNHL, which already owns several commercial properties, which it says contribute to its profit and the dividend paid by to the Far North District Council, and which offsets rates by about 4 per cent a year.
FNHL chief executive Andy Nock said no council funds were being used in the building's construction, while the long-term lease signed by the ministry was a standard commercial tenancy arrangement, and would cover all costs. Half the car park would reopen as a public car park once construction was completed.