Forsyth Barr building may be repaired

No decision yet on future of Forsyth Barr

MARTA STEEMAN
Last updated 07:31 24/12/2012

Relevant offers

Christchurch earthquake

EQC agreement with EQC Action Group has major implications Receivers sue insurers of fraudster Ken Anderson's former LWR buildings Earthquake Commission yet to offer Crown payout for red zoned land EQC to re-repair home following apology to Christchurch family Red zoning decision 'separate' to EQC's settlement offers EQC's $1115 land settlement for red zoners 'doesn't add up' Southern Ink property manager Christopher Chapman charged with misconduct over earthquake death Kiwi engineer awarded for Christchurch liquefaction research Canterbury mental health funding boost to help children - Ministry of Health Christchurch schools attempt to avoid panicking students during lockdown drills

The Forsyth Barr building's owners have not yet made a decision to demolish or repair the high rise across from Victoria Square.

Sources in the construction sector said it was likely to be demolished, but Peter Rae, a director of the company that owns the building, said that was "getting ahead of the game". He said it had been a long, involved process and the company had only just completed an engineering and scoping exercise and now had estimates for repairs or rebuilding, the two options.

Those had been submitted to the loss adjuster working on behalf of the insurer. They would be testing the process and technology by which the estimates were arrived at.

"It will be well into the new year before they respond with their view on that," Rae said.

They were gathering all the facts and figures and Rae hoped a decision on whether to demolish or repair would be made in February or March.

The owners of the building are mainly from Canterbury. John and Melinda MacFarlane and Rae are the two largest shareholders of the company.

Ad Feedback

- The Press

Comments

Special offers

Featured Promotions

Sponsored Content