Agents sought for Christchurch land sales

LIZ MCDONALD
Last updated 05:00 22/02/2014

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The Government is putting together a panel of commercial real estate agents to sell Crown land in Christchurch, but insists no big sell-up is planned.

The Canterbury Earthquake Recovery Authority (Cera) has invited tenders from agents interested in handling sales for at least two years.

"The disposal of land will be required as part of the redevelopment of sites and investment in the city . . ." the tender documents say.

The Crown is buying land for the 16 anchor projects outlined in its 2012 rebuild blueprint, and now owns 98 per cent of land in the eastern frame.

Some landowners have expressed concern that their compulsorily acquired sites could be onsold to other private owners or developers.

Warwick Isaacs, director of the authority's Christchurch Central Development Unit (CCDU), said the tender was the start of a process to form a panel of agents "any of whom may be asked to assist Cera in the divestment of Crown-owned central city property where that need arises".

"No decisions have yet been made to sell any central city property the Crown has acquired."

A CCDU spokesman said the sales would likely be to enable residential development in the eastern frame, including the demonstration village planned opposite Latimer Square.

Cera is also advertising for development partners to build and then sell apartments in the frame, but does not expect any other commercial activity there for at least 15 years.

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- The Press

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