Christchurch CBD gets new quake-resistant building

Published: 12:55PM Wednesday June 25, 2014 Source: ONE News

Triangle Centre. - Source: Supplied

Part of Christchurch's quake-barren CBD is about to get a facelift with construction starting on a new retail building.

The building will be made with seismic base isolation, one of the most powerful and commonly used ways to protect buildings against earthquakes.

The base works by separating the building from the ground and acting similar to a car's suspension, taking the weight of the building and letting the foundations move during an earthquake.

Sitting in the triangle formed by Colombo, High and Cashel St, work is due to begin August on the Triangle Centre, hosting 1700 square metres of ground floor retail space and three floors for offices.

Consultancy firm Beca has signed on already as has ANZ who has also bought naming rights to the building.

Ryan Geddes, head of office leasing at Colliers International, says the development of the building is a significant step in giving tenants the confidence to return to the CBD.

"This announcement is exactly the sort of news that tenants eyeing the CBD have been waiting to hear," says Mr Geddes.

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Christchurch CBD gets new quake-resistant building