Commercial building in New Zealand hits record high
Commercial building in New Zealand has hit a five-year high
Statistics New Zealand said NZ $465 million (£233 million) of commercial building work took place in the three months to September 2013.
This was the highest quarterly figure since the third quarter of 2008, and effectively takes commercial building in the country to pre-global downturn levels.
Residential work also increased in the third quarter of this year – by 9 per cent to NZ $1.96bn.
These twin boosts overcame smaller dips in health, education and industrial workloads to push the total value of building work in New Zealand up by almost 3 per cent to NZ $3.16bn.
More than a quarter of all building work taking place in the country last quarter was in Canterbury.
Both residential and non-residential workloads in the South Island district were up by a fifth.
A total value of NZ $820m of building work was carried out in Canterbury in the three months to 30 September 2013 – the highest amount since records began.
Canterbury’s capital city Christchurch is being rebuilt after devastating earthquakes in 2010 and 2011. This programme accounted for $180m of consents in the third quarter of 2013.
BDP director of architecture Martin Sutcliffe told the AJ earlier this year about opportunities for UK architects on the scheme to rebuild Christchurch.