Firm let out of law suit
Saturday 15 May 2004
A quantity surveying firm named as a defendant in a $9 million law suit over a leaky Auckland apartment complex has been released from the litigation.
By The LandlordOwners of the 85-unit Grafton complex between Spaghetti Junction and Symonds St have filed a claim against seven parties involved in developing the apartment complex, which in turn had named a further eight parties to the proceedings.
Quantity surveying firm Kingston Partners was named when the claim was filed, but its name has now been released. A director of Kingston Partners, Mike Casey, said an application was made in the High Court at Auckland in March for a discontinuance of the claim against the firm because its input into the project was in relation to cost control and did not involve any design.
Read More - Opens in a new window
Commenting is closed
Housing confidence has been dealt a hefty blow by the Covid-19 crisis with house price expectations plummeting to new lows.
Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.
Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.