Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 31 October 2017
Lack of industrial space in Wellington forces development in de-centralised areas
Demand for industrial properties in Wellington driven by a strong economy, infrastructure projects and the ICT and film sectors, is pushing rental prices up and vacancy rates down, new research shows.
The latest industrial report by international real estate firm JLL shows vacancy rates in the capital now sit at 3.4 per cent, as last year's 7.8 magnitude earthquake heightened leasing demand in all sectors.
Trees to be felled for high-rise apartment building in Orewa
A beachside north Auckland park will be transformed as a number of trees will be removed to make way for a four-storey apartment building on an adjacent property.
Malibu Investments Limited have been granted consent to build a 35-unit apartment building where the Edgewater Motel sits next to Kinloch Reserve in Orewa, following an independent commissioners hearing.
The consent application in 2015 raised a number of concerns including the building's height and scale, coastal inundation issues and the amount of protected trees proposed for removal.
Over 2000 new homes could be built at Queenstown's Ladies Mile entrance
A controversial proposal allowing more than 2000 homes to be built at the entrance way to Queenstown has narrowly been approved by the Queenstown Lakes District Council.
In a 5-4 vote, the council added the Ladies Mile area to its lead policy on Special Housing Areas (SHA).
The council also agreed to increase the level of land contribution from new SHA developers to the Queenstown Lakes Community Housing Trust to 10 per cent, from 5 per cent.