In 1920 Richards and Parker Upton purchased the leases for £7,625 and built the four and partly five storied Richards and Upton Building as major additions and alterations to the original single storey structure. In 1922, 17 businesses leased space.
For almost 50 years – 1930 to 1976 – R & E Tingey operated their plant and wallpaper business from the building.
In 1968 there was a potentially serious fire in the basement of the building. Chief Fire Officer L.F Wilson stated that “had the alarm been raised 15 minutes later, the whole building might have been lost”.
Westpac’s New Zealand head office and North Island contact and operations centers will be located here, as well as in the East Building and Customs building. This development is due for completion end of 2008
This building will be restored as part of the redevelopment of the Britomart Precinct.