September Construction News
News and market activity
Two prefab homes per day under Fletcher Building’s new plan
Fletcher Building plans to invest “tens of millions” of dollars in the South Auckland housing market that could potentially result in two homes being built each day. The plant will focus on two-storey duplex and terraced homes, constructed in 22 weeks in the factory and then erected on site in a single day.
Building boom proven by record crane count
The unprecedented crane count of 140 long-term cranes operating nationwide can be seen as proof of the high levels of construction across the country. The strong level of demand carries across all sectors, with new work so far in 2018 up 7.1% from last year.
Christchurch red zone could cost $800 million to develop
The 602-hectare space will bring $2.9b of economic benefit over 30 years from 2019, including flow on effects of property values within the red-zone.
Two $160 million earthquake-resilient buildings in store for Wellington
The two buildings, near Parliament, have been designed for quick re-occupation following an earthquake. The buildings would meet the NBS (New Building Standard) 100 per cent, and would add 21,000 square meters of office space to Wellington’s office market.
Many NZ buildings have cladding similar to Grenfell Tower
Despite helping fuel last year’s Grenfell Tower fire in London, as many of 54 buildings in Auckland and Christchurch have the same polyethylene-type aluminium cladding. Of these 54 buildings, only 9 have been audited. Auckland Council announced last week it would take a tougher approach to passive fire standards for new buildings.
Landmark buildings boost business
Analysis by Bayley’s Research has indicated that being the first to construct or develop landscape changing commercial premises leads subsequent buildings once positive economic impacts are sustained. The study looked at four high-profile buildings: The Sky Tower in Auckland, the sheep and ram premises in Tirau, Te Papa in Wellington and Forsyth Barr Stadium in Dunedin.
James Cook Hotel’s $10 million refurbishment
An upgrade to the hotel’s Lambton Quay side wing has been confirmed. Construction is expected to run until 2019 and will start at the top floor, with Naylor Love as main contractor.
New Air NZ lounge at Auckland Airport
A new lounge large enough for 265 customers is set to start construction next month and is part of a $60 million investment in lounges throughout New Zealand, with new lounges for Wellington, Tauranga, Christchurch and Nelson. Air NZ expects passenger numbers will grow from 17 million to 19 million before 2020.
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