PHOTO: ROBERT KITCHIN/STUFF An Arrow International project in Wellington’s Courtenay Place.
Stonewood Group co-owner Michael Chow says he has already contacted the administrators appointed to major construction firm Arrow International (NZ).
Chow said his company had the capital and staff to complete a hotel being built by Arrow for his group in Vivian St, Wellington, and he and his brother John were interested in other Arrow projects.
The hotel was 70 per cent complete, and Chow said work could re-start in a day or two – earlier this month Stonewood bought RCR Infrastructure from voluntary adminstration, and Stonewood Group two years ago.
Arrow’s voluntary administration has left the industry shocked, after a court decision over a leaky building left it running short of cash.
READ MORE VIA STUFF
View this post on Instagramadsense