Money

St Lukes Garden Apartments repair costs balloon to $240m

Repair costs for the leaky St Lukes Garden Apartments building have surged from $85m to more than $240m.

Skinny McBuntu

Owners of St Lukes Garden Apartments face mounting costs to repair the building, with estimates now exceeding $240 million and continuing to climb. The repair bill has nearly tripled from an initial $85 million estimate, leaving owners struggling with the financial burden of remedying the leaky building.

Covered byNZ HeraldNot covered byRNZStuff1NewsNewstalk ZBOtago Daily TimesNewsroomThe SpinoffBusinessDeskinterest.co.nz

Coverage across the news outlets we track, as at publication.

What outlets are saying

NZ Herald

St Lukes Garden Apartments: Owners trapped by $240m leaky building repair nightmare

Repair costs have blown out from $85m to more than $240m 'and climbing'.

Read the full story at NZ Herald