"A lot of urgency" around Mainzeal bid

There's an air of urgency around a bid to acquire the failed construction company Mainzeal.

It was the third largest building firm in New Zealand, but is now in the hands of receivers.

Ceres New Zealand has expressed an interest in acquiring Mainzeal.

But spokesman Bernie de Vere says there's a lot to do to put a deal together.

"There's a lot of urgency but at the moment. I believe that the receivers would be in the process of securing sites and gathering that information. I would imagine we'd have a lot more to talk about in probably a week."

Mr de Vere says it'll benefit the recovery in Christchurch if Mainzeal's skilled staff can be retained.

The Mainzeal collapse is another brick wall confronting plans to extend retail space in Christchurch.

One of the contracts held by Mainzeal is stage one of the upgrades to The Hub mall in Hornby.

Chairman Neville Fagerlund says the collapse comes as a blow to the team working on the upgrades.

"The whole exercise has taken four years. We've had all sorts of issues and battles and we've finally got to the stage where we're working on site and then we receive this and thought 'oh no, there's another battle' but I'm sure there's a solution out there."

Mr Fagerlund hopes the receivers choose to continue with the ten million dollar contract, and believes a decision will be made soon.


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