Last-ditch mediation has settled a $12.7 million leaky building claim days before a 10-week hearing was due to start.
The body corporate representing owners of the Stadium Gardens apartments on Wellington's Thorndon Quay lodged a claim for damages from eight parties in what is believed to be the city's biggest leaky building claim.
The defendants included the developer, construction company, Wellington City Council, architects and engineers. Costs for repairing leaks, mould and rot were estimated at more than $11m, with another $1m for legal fees and other costs.
The hearing was due to begin in the High Court at Wellington yesterday, but was adjourned after three minutes because the parties reached agreement through mediation on Friday.
