Extra provision taken on NZICC by Fletcher

Dec 16, 2022 | Latest News

16.12.22 Fletcher Building today announced an update on the New Zealand International Convention Centre and Hobson Street Hotel project (“NZICC”). Despite good progress on site, the complexity of the rebuild means costs are now expected to exceed insurance proceeds on NZICC. This has resulted in an additional $150 million provision for costs to complete the […]

 


 

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