Fletcher Building has issued an NZX notice confirming speculation that consultants KPMG is reviewing its two biggest construction projects.
"Fletcher Building is aware of speculation that it has commissioned KPMG to review projects in the company's construction division. The company confirms that it has engaged KPMG to conduct a review of the two largest projects in its B+I business and the two largest projects in its Infrastructure business, to augment existing governance processes," the company said referring to its building and interiors division.
The company did not name them, but the two projects are thought to be the now-completed Christchurch Justice and Emergency Precinct and Auckland's $700 million NZ International Convention Centre for SkyCity Entertainment Group, a project which is now well under way.
Wellington City Council give green light to bold housing reform plan
Wellington City Council voted unanimously on Thursday to forge ahead with the largest reform of the city's housing policies in decades.
This week council chief executive Kevin Lavery warned councillors implementing the plan was going to be tough and achieving its goals could require them to support developers in the face of opposition from residents.
· Release council land for development.
· Refurbish central city buildings into affordable apartments.
· Review the council's procurement policy to promote home building.
· Simplify consenting by introducing a one-stop shop approach.
· Develop pre-approved designs to speed up consenting.
· Create a new partnership with central government to boost social housing numbers.
Details have been revealed of a plaza and pedestrian space in Lower Queen Street outside the Britomart Transport Centre.
The City Rail Link (CRL) design team in conjunction with Auckland Council has been working on the design for Lower Queen Street and Britomart station surrounds for when the CRL work there is completed.
The concept design has just been completed for review by the Auckland Urban Design Panel and the City Centre Advisory Board.