Precinct Properties reports no major Wellington damage, hires assessor

Sun, 21 Jul 2013

July 22 (BusinessDesk) - Precinct Properties New Zealand, which counts its 10 office towers in Wellington’s central business district as 40 percent of its $1.6 billion portfolio, says it has suffered no major damage from yesterday’s 6.5 magnitude earthquake. The city was shaken by the quake at 5.09 pm yesterday, the peak of a swarm of earthquakes centred off the coast of the upper South Island near Seddon. Authorities have advised workers in Wellington’s CBD to stay at home pending building checks after glass and rubble was sent falling into...

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