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

 

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

f work for Pumpkin Patch staff

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news