Property settlement at CentrePort
CentrePort Wellington has reached a NZ$170m settlement with insurers in relation to commercial properties damaged during the 2016 Kaikoura earthquake.
Having previously demolished several buildings damaged by the 7.8-magnitude event — including Statistics House, Shed 35, Shed 37, the Dimond building, the MSC building and the former NZ rugby union building — the port is to now demolish the former Bank of New Zealand building.
Welcoming the settlement, CentrePort chief executive Derek Nind said the port is focusing on the ongoing regeneration of its business and strengthening land holdings where necessary to facilitate key shipping services.
Describing the business as now entering a “new chapter”, he said developing Harbour Quays is an “integral” aspect of positioning for the port’s current growth trajectory.
“We need a larger footprint as we work through our regeneration plans and reconfigure our land and berth capability,” he said.
The commercial properties claim is a separate one from that involving port infrastructure, which CentrePort and insurers continue to work through.
LATEST PRESS RELEASES
Cone Fenders delivered for Malayan Flour Mills Jetty and Cruise Terminal in Phuket Read more
The new high dimensions gantry crane STS Malaccamax rated amongst the largest cranes in the world an... Read more
The contractors THV Artes Depret – Franki formed a temporary partnership to construct the new lock i... Read more
Port terminals worldwide have begun to deploy new simulation technology that's making the operator t... Read more
BENSCHOP (NL) – Terberg announces a new generation of Yard Tractors. These innovative Yard Tractors ... Read more
The lock Langwedel is one of numerous locks along river Weser in Northern Germany. It is operational... Read more