Developer Rick Martin’s $65 million Nautilus apartment complex in Orewa is suffering leaks, but the company behind its construction Brookfield Multiplex says it is not from the cladding.
Speaking to NZ Property Investor earlier this week, Brookfield Multiplex managing director Dan Ashby said he is not sure what the exact problem with the building is.
“People seem to be focussing on the cladding but it’s a very common building material that is used all over the country and the world,
“We don’t know [what has caused the leaks] because nobody’s bothered to inform us,” he said.
Property consulting company Prendos, which specialises in assessing leak damage, is investigating the effect and cost of water damage to the building. Part of its report was sent to Brookfield Multiplex managing director Dan Ashby in October 2008.
Mr Ashby said he offered to speak with the body corporate and developer but had had no response.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Lion countersues over A2 milk marketing
- Judge failed to go into case with open mind – Megaupload lawyer
- MPI backs Callaghan on programme's apparent pointlessness
- Government will be forced to intervene in the economy: Kim Campbell
- Mark Ratcliffe stepping down as Chorus boss: the challenges for his successor
Most listened to
- Chorus CEO Mark Ratcliffe on why he's leaving and the regulatory regime
- “The issues are so enormous that it all seems completely overwhelming,” says Rod Oram. “But there is movement.”
- Xero's CFO Sankar Narayan on competitors MYOB and Intuit's results
- Craigs' Mark Lister on the Federal Reserve giving the Reserve Bank a breather
- Parliamentary silly buggers is starting to dominate the activity and effort of John Key’s government, says Rob Hosking