Fletcher gets nod as preferred partner in Chch development as govt eyes next stage of rebuild

By Paul McBeth
July 2 (BusinessDesk) - Fletcher Residential, a unit of the country's biggest construction company, has been named the preferred developer for an $800 million project in Christchurch's inner city as part of the government's plans for the next stage of the city's rebuild.
The Fletcher Building unit won the government tender for the East and North Frame residential precinct, which aims to build about 940 townhouses, Prime Minister John Key said in a speech to the Canterbury Employers' Chamber of Commerce. The government will...
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