Can older earthquake-prone buildings in Christchurch be converted into apartments or hotels?

Abstract

The following market research report is to determine whether some of the older earthquake-prone buildings in Christchurch have a future by being converted or redeveloped into apartments or hotels. If so, what are the limitations? Are there other uses? If not, at what point in the future do conversion or redevelopment become a possibility? Moreover, do such conversions represent the best use for these older buildings?