Commercial Building Workshop - Risks & Opportunities
In wake of government ‘Quake-prone’ Buildings earthquake strengthening policy recently released, Aoraki Development Business & Tourism (ADBT) held a free workshop attended by 75 South Canterbury commercial building owners and occupiers.
Attendees heard presentations relevant to this policy and gained an understanding of risk management, engineering process for seismic assessment, indicative costs, commercial real estate issues, financial implications, insurance options and legal implications.
Download the Presentation Notes (pdf).
The workshop was held on Wednesday 30th October at the Grosvenor Hotel..
“Commercial building owners and tenants need to have the best and most up to date information relevant to our region if they are going to make good investment & business decisions.” says ADBT chief executive Wendy..
Under the new policy, announced in August, earthquake-prone buildings will be identified through assessments within five years of legislation taking effect; those building owners will then have another 15 years to carry out strengthening work or have buildings demolished..
“The new legislation will have a significant impact on South Canterbury business and building owners, there are challenges but also opportunities” says Mrs Smith, “This workshop helped both owners and occupiers understand the process and encouraged them to proactively seek sound professional advice..
Presentations were made by Timaru business people from a range industries including; insurance, structural engineering, real estate, finance and legal advice.
More information is also available at canterbury.royalcommission.govt.nz.