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Wakefield warns of further quake-strengthening costs

Monday 10th October 2011

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The site of Wakefield Health’s main hospital in Newtown, Wellington, will require greater earthquake strengthening than previously anticipated, the company’s chief executive Andrew Blair said in a statement to the NZX today.

While engineers had confirmed all facilities at Royston Hospital in Hastings and Bowen Hospital in Wellington exceed current earthquake-prone building thresholds, some buildings including in-paitent accommodation and part of the operating theatre area at the Wakefield Hospital site had been found to require repair.

“Advice as to the extent of work required is still awaited,” said Blair.The company has been assessing the quake-proof status of its portfolio since May this year.

Wakefield shares last traded at $4.90, but did not trade today.

BusinessDesk.co.nz



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