Earthquake-hit ex-Rydges hotel building clears High Court insurance battle

Liz McDonald, The Press, Apr 30, 2019

After legal debates over fractions of a millimetre, a final court decision has at last cleared the way for a $190 million repair and rebuild project in central Christchurch.

The owners of the old Rydges hotel, attached city council car park and now demolished Grant Thornton office tower have spent years battling insurers Vero and Mitsui Sumitomo in the High Court and Supreme Court.

All three buildings suffered damage in the 2011 earthquakes.

Spokesman Peter Woods, of Anthony Harper lawyers, said the property had "good insurance cover" of $190m including GST, and this would cover "the vast proportion of" the project.

Read the full story here: https://www.stuff.co.nz/business/112319617/repair-of-christchurch-hotel-and-rebuild-of-office-tower-can-go-ahead-after-insurance-ruling

Simon Darby