Property

Eco proposal criticised

A proposal to require new commercial buildings to be constructed to Five Green Star environmental standards has been slammed by the Property Council.

Sunday, April 21st 2013

Auckland's Draft Unitary Plan includes a requirement that buildings with floor areas of 5000 square metres or more must meet the five-star standard set by the New Zealand Green Building Council.

The Green Building Council assess factors such as energy efficiency and access to natural light.

Property Council chief executive Connal Townsend described the proposal  as "ridiculous".

"The officials or the politicians driving it clearly don't understand what this actually means."

The proposal could put millions of dollars of costs on building owners, he said.

But the Green Building Council said buildings that met the standard would be cheaper to run - meaning tenants would pay more to lease them.

But developers might opt to keep their new buildings below the size limit to avoid having to meet the standards, others suggested.

Comments

No comments yet

Unity First Home Buyer special 3.99
ICBC 4.25
SBS FirstHome Combo 4.29
Co-operative Bank - First Home Special 4.35
TSB Special 4.39
Co-operative Bank - Owner Occ 4.45
ANZ Special 4.49
ASB Bank 4.49
SBS Bank Special 4.49
Unity Special 4.49
Westpac Special 4.49
Westpac Special 4.45
SBS Bank Special 4.49
BNZ - Std 4.49
Kiwibank Special 4.49
TSB Special 4.49
AIA - Go Home Loans 4.49
ANZ Special 4.49
ASB Bank 4.49
Co-operative Bank - Owner Occ 4.49
ICBC 4.59
Wairarapa Building Society 4.59
SBS Bank Special 4.99
Westpac Special 4.99
ICBC 4.99
BNZ - Std 4.99
AIA - Go Home Loans 5.15
ASB Bank 5.15
Co-operative Bank - Owner Occ 5.19
ANZ 5.39
TSB Special 5.39
Kiwibank Special 5.39
Kainga Ora 5.49
SBS FirstHome Combo 3.44
AIA - Back My Build 3.54
SBS Construction lending for FHB 3.74
CFML 321 Loans 4.25
Co-operative Bank - Owner Occ 5.30
Co-operative Bank - Standard 5.30
ICBC 5.39
Heartland Bank - Online 5.45
Kiwibank - Offset 5.80
Kiwibank 5.80
ANZ 5.89

More Stories

Market recovery signals consistent with interest rate falls

Monday, November 03rd 2025

Market recovery signals consistent with interest rate falls

The early stages of a property recovery could have appeared in the past two months, Kelvin Davidson, Cotality chief property economist says.

Another swipe at property investors

Thursday, October 30th 2025

Another swipe at property investors

Labour’s capital gains tax of 28% on residential and commercial property won’t deter investors who invest for cashflow, Nick Gentle, iFind Property founder and buyer’s agent says.

Capital gains tax almost irrelevant – English

Monday, October 20th 2025

Capital gains tax almost irrelevant – English

Former Finance Minster Bill English says the days of guaranteed capital gains in the housing market are over,

Thursday, October 09th 2025

New rules for meth contaminated houses

REINZ welcomes regulation of methamphetamine contamination in rental housing.