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

 

Fossils: Ancient Penguins Lived Alongside Dinosaurs?

Penguins are much older than previously thought and their evolution probably dates back to the days of the dinosaurs, according to research on the fossilised leg bone and toes of a giant ancient penguin found in rocks near Waipara, North Canterbury. More>>

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news