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Building costs hurting NZ's construction chances, says property fund

Supplied A $100m upgrade of Wellingtonโ€™s Wakefield Hospital in Newtown is costing the owner, Vital Healthcare, much more than expected. Construction costs in have gotten so high that one company is considering contracting services out to Australia. Aaron Hockly, chief executive of NZX-listed Vital Healthcare, oversees 42 healthcare investment properties in Australia and New Zealand, including Wakefield Hospital in Wellington. The hospital is going through a $98 million upgrade, but cost blo...
New Zealand General New Zealand Michael Heslop Aaron Hockly A Commerce Commission Building Industry Federation

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