Australian Senate provides update on aluminium composite cladding use

Following concerns with the use of aluminium composite cladding in Australia, on 5 September the Senate Economics References Committee released its interim report on aluminium composite cladding as part of the broader non-conforming building product inquiry. The report is substantive (100 pages) and the recommendations made are summarized as follows: The Commonwealth Government urgently implement a…

Boom, bust, or crystal ball gazing?

This blog post is written by Ariana Stuart, a Senior Associate in Kensington Swan’s Construction and Major Projects team. Yet another report has been released considering the current construction ‘boom’. MBIE has released its National Construction Pipeline Report 2017  forecasting building and construction activity. Of note, is that MBIE has forecast the construction boom to…

Finding New Zealand along the Belt and Road

The Belt and Road Initiative (B&R, OBOR, 一带一路), announced by President Xi Jinping in late 2013, is China’s most ambitious development strategy. It aims to create new economic zones based around the ancient Silk Road trade route overland (the belt) and across the sea (the road). China expects to trade more than US$2.5 trillion a…

Pre-Budget Forecasts – What the construction industry can expect from Budget 2017

Election year budgets have a tendency to be the most expenditure focused of the triennium, often labelled as ‘lolly scrambles’ or ‘vote buying’, and ever since Treasury released the Budget Policy Statement in December it’s been clear Budget 2017 will be no different. As the Prime Minister put it in his pre-budget speech ‘A growing economy…

Construction investment at record high

For the first time in 12 years, the number of new homes consented to in Auckland exceeded 10,000 (as at November 2016). Over 1156 consents were issued in November alone, making it the strongest month for consents in more than 10 years. The Minister for Building and Construction, Hon Dr Nick Smith, highlighted the importance…