INDEPENDENT NEWS

Malls, convention centres drive commercial building consents

Published: Fri 11 Jan 2019 11:02 AM
Shopping malls and convention centres drive commercial building consents – Media release
11 January 2019
Building consents for big commercial buildings, including shopping malls and convention centres, increased strongly in the year ended November 2018, Stats NZ said today.
The value of building consents issued for shops, restaurants, and bars; social and cultural buildings; factories; and farm buildings all increased between $100 million and $300 million over the period.
“An increase in the intention to build more shops and social buildings was partly due to large consents for Auckland and Christchurch convention centres, and shopping malls in Auckland,” construction statistics manager Melissa McKenzie said.
“Construction costs rise each year, but even accounting for price rises, there was a significant increase in the value of shops and social buildings consented in the year ended November.”
Non-residential consents issued exceeded $7 billion for the first time on record in the year ended November 2018.
The value of offices and public transport buildings consented for the year had the largest fall, down $351 million from the November 2017 year.
Ends
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For more information about these statistics:
• Visit Building consents issued: November 2018
• See CSV files for download

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