Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Kudos for investment-focused Recovery Plan for Christchurch

30 July 2012

Kudos from property industry for investment-focussed Recovery Plan for Christchurch

Christchurch property owners can finally breathe a sigh of relief with the release of a recovery plan that will facilitate investment and lure back businesses to its earthquake-ravaged city, according to industry advocate Property Council New Zealand.

Well thought-out, visionary precincts focussing on retail, health, entertainment and public sectors will give the city a new heart, said Property Council’s chief executive, Connal Townsend. “It is particularly great news that the city will not be moved, as this would have caused further delays which are not what they city needs right now.”

“As for the process from now on, we accept that the Crown has the power to compulsorily acquire land and we support Earthquake Recovery Minister Gerry Brownlee’s desire to negotiate in the first instance.

“The mix of creative ideas and practical needs shining through in the Recovery Plan are a positive sign and it is good news that it has been given a strong commercial focus. Property Council agrees with Minister Brownlee’s comment that this plan will enhance the economic value of the city.

“Although we have concerns about the compulsory acquisition of land at current market values, we are satisfied CERA and the Central City Development Unit will play fair during negotiations; we accept that the rebuild must begin as quickly as possible and acknowledge that if the normal process under the Public Works Act 1981 were to be followed, the process would be slow and expensive.”

Property Council is the voice of commercial property in New Zealand. It represents the interests of more than 600 companies nationwide, and in the South Island alone there are more than 100 companies who are considered members.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Up 0.5% In June Quarter: Services Lead GDP Growth

“Service industries, which represent about two-thirds of the economy, were the main contributor to GDP growth in the quarter, rising 0.7 percent off the back of a subdued result in the March 2019 quarter.” More>>

ALSO:

Pickers: Letter To Immigration Minister From Early Harvesting Growers

A group of horticultural growers are frustrated by many months of inaction by the Minister who has failed to announce additional immigrant workers from overseas will be allowed into New Zealand to assist with harvesting early stage crops such as asparagus and strawberries. More>>

ALSO:

Non-Giant Fossil Disoveries: Scientists Discover One Of World’s Oldest Bird Species

At 62 million-years-old, the newly-discovered Protodontopteryx ruthae, is one of the oldest named bird species in the world. It lived in New Zealand soon after the dinosaurs died out. More>>

Rural Employers Keen, Migrants Iffy: Employment Visa Changes Announced

“We are committed to ensuring that businesses are able to get the workers they need to fill critical skills shortages, while encouraging employers and regions to work together on long term workforce planning including supporting New Zealanders with the training they need to fill the gaps,” says Iain Lees-Galloway. More>>

ALSO:

Marsden Pipeline Rupture: Report Calls For Supply Improvements, Backs Digger Blame

The report makes several recommendations on how the sector can better prevent, prepare for, respond to, and recover from an incident. In particular, we consider it essential that government and industry work together to put in place and regularly practise sector-wide response plans, to improve the response to any future incident… More>>

ALSO: