Building consents issued by Tauranga City Council in August are the second highest monthly value of consents ever issued, according to figures released by Priority One today.
The $106.2 million is boosted by the highest value of commercial consents ever recorded at $59.0 million.
“However, there were 30 fewer consents issued for new residential builds this month compared with July,” says Priority One communications manager Annie Hill.
The $59.0m in commercial consents issued in August is well ahead of the $15.9m in commercial consents issued last month and the $17.9m issued in August 2016.
“This is the highest number of commercial consents ever issued in a month and marks a new two-year high,” says Annie.
The low over the same period was $8.7m issued in September 2016.
The $59m includes nine large $1.0m plus commercial consents: 15 new commercial units at 71 Enterprise Drive $1.1m; a $1.5m expansion at Pacific Coast Retirement Village; two new industrial buildings at Tauriko Business Estate $1.6m & $2.0m respectively; a $5m coolstore at Gargan Rd; The $6m basement stage of Zespri's head office; The TECT $6m office building at 159 Seventeenth Ave, a $15m care facility at 159 Waihi Rd; and stage 2A of the Tauranga Crossing retail development, also $15.0m.
“The number of commercial consents was 29, slightly less than last month's 31 and also down on the 46 consents issued in August 2016, which was the two-year high,” says Annie.
The two-year low was 19 consents issued in March 2016
Over the eight months from January this year Tauranga City Council recorded $600.0 million in consents, 18.9 per cent more than the previous high in 2016. The Western Bay dipped below the $20 million mark this month for the first time this year, resulting in an eight-month total of $173.6 million. This was 7.1 per cent less than for the same period last year. However, overall consents in the Western Bay sub-region are 10.6 per cent ahead of those issued at the same period last year, totalling $773.7 million.
While Western Bay district's total value is down this month, it is still maintaining a steady rate of new builds with consents for 30 new houses issued.