Christchurch CBD Rejuvenation will Require Joint Effort
17 August 2018
Responding to Christchurch City Council's proposal to launch a new programme called Project 8011 to unlock residential development in the Christchurch CBD, Property Council New Zealand's South Island Branch President Roger Davidson says:
"We support the Council's intention to accelerate residential growth in the central city"
"We're glad they’re looking to launch a specific program to tackle the lack of development in the CBD since the earthquakes because a focussed approach is necessary to get things moving."
"Property Council New Zealand has been concerned about the lack of residential development in the Christchurch CBD for some time."
"Property Council's South Island Branch Executive commissioned an independent piece of research to review the future of the Christchurch Central Residential property market in order to find out which factors have been stopping residential development since the earthquakes, and to what can be done to get things moving again."
"Our research suggests some key areas need to be addressed before we will see successful residential development in the central city."
"We hope the council are committed to the things that will really make the CBD an attractive place to live."
"We look forward to continuing to engage with Council on this issue."
"Councils and the property industry need to work together to make this a reality."