26 Jun 2012

Value of commercial projects in Christchurch rises by $80m

4:38 pm on 26 June 2012

The value of major commercial projects in Christchurch has risen by $80 million in the past 13 weeks.

City Council records show that from the last week of March the value of commercial projects that have been granted building consent rose from $9.1 million to $89.1 million last Friday.

The council's building operations manager Ethan Stetson says the figures show the confidence of the business sector in the city's rebuild.

The figures include the value of 32 projects which have been granted building consent, and range from repairs, to new buildings, as well as existing customers who have been granted consents for the next stage in their project.