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Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 10 October 2017
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Conrad selling off-the-plan Auckland apartments for NZ residency
Overseas investors are being offered off-the-plan Auckland apartments in a new property-for-residency scheme.
Conrad Funds Management is making the offer to investors seeking New Zealand residency and willing to buy a $750,000-plus Auckland apartment to qualify.
http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=11930194
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Wellington retailers reshuffle, amid the strongest construction activity in a decade
A flurry of construction activity along Wellington's 'Golden Mile' is creating more retail choices for businesses and shoppers.
Retailers around Lambton Quay, Manners St and Cuba St have begun relocating as refurbishment work gets underway on a number of new buildings.
Developments include a major new development on Victoria St and Lombard Lane, the strengthening of the former Farmers building on Cuba St and the strengthening and refurbishment of Stewart Dawson's corner.
https://www.stuff.co.nz/business/97467449/wellington-retailers-reshuffle-amid-the-strongest-construction-activity-in-a-decade
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Strong debate on Takapuna carpark sale with loss of open space
A proposal to sell the large Auckland Council-owned carpark in the centre of Takapuna has drawn strong reaction, with opponents making 1183 submissions and 838 in support.
Jan O'Connor of the Devonport Takapuna Local Board opposes the change and said the area was intensifying with a collection of apartment blocks under construction so more open space was needed and the land, bought by the council in 1964, should remain open space, available for the Sunday morning markets.
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11928646
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NZ residential consents hit 13-year high
New Zealand's monthly residential building consents rose to a 13-year high in August with more apartments and retirement village units in Auckland driving gains.
Some 3,166 new houses, apartments, townhouses, retirement village units and flats were consented in August, up 10 percent from a year earlier, Statistics New Zealand said in a statement. Of that total, 2,025 houses were consented, up 0.5 percent from August 2016, while consents for apartments rose 65 percent to 384 and consents for townhouses, flats and units dropped 10 percent to 462. Retirement village unit consents more than tripled to 295 in the month.
http://www.scoop.co.nz/stories/BU1709/S00982/nz-residential-consents-hit-13-year-high.htm
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