Homeowners warned of $20m bill for leaking village
New Zealand's biggest leaky building disaster to date will cost $20 million to fix and some homes may have to be demolished, says a confidential report.
Saturday, April 19th 2003, 12:22PM
by The Landlord
A report by building surveyors Alexander & Co has found rotting timber throughout the site and "a collective and systemic failure" by the development team to meet Building Code standards.
The residents have now filed a $20 million lawsuit against the developers, Taradale, and nine other defendants, including cladding manufacturers James Hardie, the Government-appointed Building Industry Authority and the industry-run Building Research Association (Branz).
Read More - Opens in a new window
| « Trusts not bullet-proof for asset protection | Housing affordability - Nelson 2nd behind auckland » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
