Wellington buildings withstand quakes well, owners say

Mon, 19 Aug 2013

By Pam Graham Aug. 19 (BusinessDesk) – The central business district of New Zealand’s capital has withstood two earthquakes that could have collapsed buildings in other places, letting insurers off the hook. There are bits of damage to commercial buildings in Wellington after the magnitude 6.6 quake on Friday, says Ian Cassels, president of the Wellington branch of the New Zealand Property Council. “I think there is some damage in buildings that are built on reclaimed land whether they are built well or not,” he told BusinessDesk. But the...

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