$19m leaks bill for seaside tower block

One of New Zealand's most controversial apartment blocks, the $65 million Nautilus apartment tower in Orewa, is the latest victim of leaky-building syndrome. Leak specialist Prendos has been called in to investigate problems at the 12-level tower, which dominates the beachside town.

One source said the repair bill was expected to reach $19 million, which would make it New Zealand's most expensive leaky building.

The Nautilus tower dominates otherwise low-rise Orewa's skyline, and was widely opposed by residents when developer Rick Martin sought planning permission for it.

This week, Mr Martin acknowledged the building had problems, and blamed international builder Brookfield Multiplex.

Maintenance had not been done properly, Mr Martin claimed, and if the blame lay anywhere it was not with his Cornerstone Group.

John Pringle, who owns an apartment on level eight of the tower and heads the Nautilus owners' committee, said all inquiries about problems were being handled by the body corporate secretary, Centurion Management.

To read the full NZ Herald article click here

Posted: 30 May 2009

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