Argosy expects to find more damage at NZ Post House

Mon, 19 Nov 2018

By Paul McBeth Nov. 20 (BusinessDesk) - Argosy Property believes New Zealand Post House in downtown Wellington suffered more damage than initially thought in the 2016 earthquake, but wants it upgraded quickly to meet tight demand in the capital city. The real estate investor has already made six insurance claims totalling $14.9 million plus GST since the November 2016 quake, of which $5.1 million came in the six months ended Sept. 30. It intends to lodge further claims for the rest of the two-year business interruption indemnity period a...

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