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

 


Auckland Council Report Supports Our View

Auckland Council Report Supports Our View

A new report to Auckland Council highlighting the potential lack of adequate business land supply, supports Property Council’s warnings that Auckland may fail to meet its targets.

The paper was presented to the Council’s Economic Development Committee. Its findings are based on the average demand of 93 hectares per year since 1996, noting that historically demand actually has peaked at 130 hectares per year and dropped down to 42 hectares per year in the last five years.

But as economic recovery gets well underway, demand is picking and will continue to do so.

According to the report, available business land supply is “at best” meeting the Council’s targets to meet five yearly demand.

Property Council has consistently stated that, unless the Council identifies and allocates land for business with speed, it risks seriously underproviding land for commercial development in Auckland.

This will have disastrous consequences by stifling the region’s economic growth and potentially resulting in Auckland’s inability to service and provide sufficient jobs for a growing population.

This situation could be worsened by residential building activity occurring on land where business activities should logically take place, dampening commercial growth.

The report similarly warns of detrimental consequences if demand picks up to meet or exceed expectations, or if identified land is unavailable or unsuitable for development. In particular, there is currently a lack of large sites for development which is of real concern.

Property Council reiterates the report’s emphasis on the strategic requirement to provide at least an additional 1,400 hectares of business land to meet estimated growth demands, as outlined in the Auckland Plan.

Property Council supports the report’s recommendations that business land be a key consideration and priority of the spatial work currently undertaken by Auckland Council and new areas of business land be prioritised in any future Land Release Programme.

END.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news