Fletcher's cut-price land deal surprises competitors

Fletcher's cut-price land deal surprises competitors
A view of the east frame under development. (Image: Oli Lewis).
Oliver Lewis
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...

More Infrastructure

Court allows Port of Tauranga fast-track panel to proceed
Infrastructure

Court allows Port of Tauranga fast-track panel to proceed

Bay of Plenty hapū had been seeking interim relief as part of judicial review.

Northland targets $60b regional economy by 2050
Primary Sector

Northland targets $60b regional economy by 2050

The bullish goal represents a six-fold increase over 2024 figures.

Oliver Lewis 24 Jul 2025
Fast-track legal fight over Tauranga wharf extension
Policy

Fast-track legal fight over Tauranga wharf extension

Bay of Plenty hapū seek High Court intervention to stop expert panel being set up.

Oliver Lewis 23 Jul 2025
Contractor costs climb as Scott Base spend tops $143m
Policy

Contractor costs climb as Scott Base spend tops $143m

Antarctica NZ spent $9.3m on contractors in five months this year.

Oliver Lewis 21 Jul 2025