Farnham Street residents looking at each other down the barrel of a gun

Caution: this post contains references to John Farnham. I was updating the Development Tracker recently, and added another one to the list – 9 Farnham Street. It hasn’t made it off the starting blocks yet, despite a couple of attempts. In 2008, and perhaps for some time before that, 9 Farnham Street was being advertised for a five-storey building, with three floors of office and two penthouse apartments: The sign was still up in 2009, but sometime after that it was taken down.…
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Development update: July 2016

Christchurch It’s been a while since our last update of Christchurch building consents – the number of new homes being approved by the various councils in the area. Christchurch City has had a bit of an uptick in the last couple of months, whereas consent numbers in the surrounding districts (Selwyn and Waimakariri) have flattened off – for Selwyn, at least, still much higher than the historical average.…
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Construction Crunch

I’ve been saying for a while now that the construction sector is under pressure – there are too many people wanting things built, and not enough builders to do the work. That’s a simplistic view, as construction companies can put in overtime, hire more people from overseas, or look for more efficient ways to build.…
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Petrol station shakeup

Last year, Z Energy announced its plans to buy Caltex’s New Zealand operations. The merger was approved in April 2016, and took effect last week on 1st June. This is quite a shakeup in the fuel retailing market – we’re going from four major companies to three – but in a way, the consolidation was inevitable, and reflects the way the market has been heading for a number of years.…
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Development update: June 2016

It’s been a little while since I wrote a “Development Update” post, and a lot has happened since then: The final batch of Special Housing Areas was approved. Downtown Shopping Centre has closed, and is about to be demolished. Tunnels for the City Rail Link will be built underneath, and the site will be redeveloped as Commercial Bay, an office tower and shopping centre.…
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Sylvia Park growth plans

Sylvia Park is already Auckland’s largest shopping centre, but it’s likely to get even bigger in the next few years. Kiwi Property, who own the centre, have plans to expand the retail offering, as well as adding office buildings. In the long term, even things like apartments or hotels could be added, although those aren’t part of the current plans.…
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