Unlike a fixed interest rate, the new build floating rate (currently 1.79 percent) changes according to market conditions. ASB said the rate is linked to the Reserve Bank Funding for Lending Programme, a pool of funds available at the Official Cash Rate for banks to lend.
The bank said there s confidence these funds will stay low for the foreseeable future. If the Reserve Bank did change the discounted FLP rate then that would trigger us to look at the ASB Back My Build variable rate, but our intention is for our customers to enjoy the benefit of the FLP discounted rate, Sims added.
The Hotel Britomart in Auckland sets a new benchmark in facade design with Cheshire Architects combining faultless teamwork with brick inlay to realise their design for the 11-storey full brick facade.
A first for New Zealand, the full brick facade in a well-considered, singular palette makes the hotel prominently stand out on the Auckland CBD skyline.
A custom, slimline grey brick tile blend is paired with glazed, frameless tessellated windows, setting the scene for what’s inside, while giving a nod to the past and the future.
Britomart is a heritage precinct that’s undergone significant urban regeneration in the 15 years since its purchase by Cooper and Co. So it’s imperative that anything new to the precinct enriches the old.
Green Building: Greenprint for Covid recovery
5 May, 2021 05:00 PM
7 minutes to read
Workers wait for access to the building site as construction resumes at Britomart in alert level 3.
Photo / Michael Craig
Workers wait for access to the building site as construction resumes at Britomart in alert level 3.
Photo / Michael Craig
NZ Herald
By: Bill Bennett
Constructing and retrofitting energy efficient buildings is one of the best bets for job creation as the economy recovers from the Covid pandemic.
The International Energy Authority identified the potential of energy efficient building in its Special Report on Sustainable Recovery. The report uses analysis the IEA completed together with the International Monetary Fund. It published the report as a blueprint for action.
Thursday, 10 December, 2020 - 13:35
NgÄi Tahu Property and the Accident Compensation Corporation (ACC) today signed an agreement to build a new state-of-the-art ACC office building in Åtepoti Dunedin.
Construction is set to get under way in 2021 at the site of the Dowling Street Carpark. The building, which is a 50:50 joint venture between NgÄi Tahu Property and the ACC Investment Team, will create 8,000 square metres of office space on the site. NgÄi Tahu Property will be the development manager. ACC will lease the building for 20 years from the joint venture.
The project has been actively encouraged by mana whenua and the Dunedin City Council and reflects the long-standing relationship between the city and local RÅ«naka, who were in attendance for the signing.