TSB Bank Renews Partnership With Wellington, NZ City Council For 10 Years

The Wellington, New Zealand City Council has formally signed an agreement with TSB Bank to continue the bank's brand association and leverage with the TSB Bank Arena -- and now also with the adjacent Shed 6 convention center -- for 10 more years. The two facilities will be known as the TSB Bank Arena and Convention Centre. The agreement provides for all parties -- TSB Bank, the City Council and PVW -- working together to contribute to the Queens Wharf waterfront area. Wellington City Council CEO Kevin Lavery said that the agreement is a good deal for the City Council. Lavery: "While we're not prepared to detail the financial agreement, it means the facilities are more than able to stand on their own in financial terms." He added that, under the agreement, the exteriors of both landmark buildings will be refurbished. TSB Bank has maintained naming rights on the waterfront arena since '06 (Wellington City Council).