CentrePort to demolish BNZ building after reaching $170M insurance settlement

Fri, 05 Oct 2018

By Paul McBeth Oct. 5 (BusinessDesk) - CentrePort will have the BNZ building on Harbour Quays demolished after reaching a $170 million settlement with its insurers. The building has been vacant since the November 2016 Kaikoura earthquake and tenant Bank of New Zealand quit the lease in March over the property's uncertain future. CentrePort today said it's settled with insurers for a lump sum covering the BNZ building, Statistics House, Shed 35 and repairs to other properties including Customhouse and Shed 39. "We plan to demolish...

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