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Wellington region's shortage of industrial land could have consequences for economy


MONIQUE FORD/Stuff
Kunnen says the dearth of industrial land is being compounded by a lack of quality space, with many existing buildings more suited to the manufacturing needs of the mid-20th century.
The dearth of industrial land was compounded by a lack of quality space, with many existing buildings more suited to the manufacturing needs of the mid-20th century, he said.
Colliers associate director Tim Julian​ said the region was experiencing the lowest vacancy rate for industrial land since records began. It was currently 1.5 per cent, a healthy rate was about 4 per cent, he said.
He was aware of just six hectares of industrial-zoned greenfield land left across the Hutt Valley, Wellington, Kāpiti and Porirua. ....

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Petone courthouse to get a new lease on life in $1m project following sale


Kinsman has started work on non-structural parts of the building – demolishing a 1960s era verandah and removing rot from the inside.
“It’s a hell of a job . I’ve removed some of the stuff that’s not part of the structure, and opened up some areas so the engineers can get in and have a look.”
He said the building was bought from the Port Nicholson Block Settlement Trust, which had first right of refusal as part of its treaty settlement, but would not say how much for. The earthquake strengthening and renovation work would cost between $800,000 and $1 million. ....

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