Timber apartments touted as saving 1m kilograms of CO2

Timber apartments touted as saving 1m kilograms of CO2
The luxe Clearwater Quays, claiming an environmental win (Image: Bayleys)
Brent Melville
Developers of a pilot apartment complex north of Christchurch claim they've extracted more than a million kilograms of carbon dioxide from the environment by using mass timber versus concrete. Carbon calculations measuring the use of composite light timber frame and cross-laminated timber for the mid-rise, five-storey Clearwater Quays at Clearwater golf resort in Northwood, suggest the construction method saved 87,400kg of CO2, as against a CO2 release of 952,600kg for use of the alternative, concrete.  The case study, produced by...

More Property

Developer faces mortgagee sale over $17.4m loan
Property

Developer faces mortgagee sale over $17.4m loan

Nest or Invest Group also has two other companies in liquidation.

Ryman toils to rebuild shareholder confidence
Property

Ryman toils to rebuild shareholder confidence

"When is the total board going to resign?" asked one shareholder.

Gregor Thompson 30 Jul 2025
FMA tells insurers to be ready for next Cyclone Gabrielle
Property

FMA tells insurers to be ready for next Cyclone Gabrielle

Insurance companies need “catastrophe plans” to handle severe weather events.

Greg Hurrell 30 Jul 2025
Censured Du Val accountant named
Property

Censured Du Val accountant named

Nicola Adam, of Herbert Morton, admits unbecoming conduct following the failure.

Maria Slade 29 Jul 2025