Fletcher's cut-price land deal surprises competitors

A view of the east frame under development. (Image: Oli Lewis).

Mon, 14 Feb 2022

As part of its deal with the Crown to build housing in inner Christchurch, Fletcher Residential appears to be acquiring land at well below market prices.Fletcher signed a development agreement with the Crown in 2016 after it was announced in 2015 as the preferred developer for the east frame, a post-quake anchor project spanning several blocks.In a press release at the time, Fletcher said it would build about 940 townhouses and apartments in the frame. The development would take eight to nine years to build and bring up to 2,200 people back to...

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