Property
Intentional increase in the number of Body Corporate
Developments
The Christchurch central city regeneration is taking shape with
more and more businesses now opening. This year seems to be a
tipping point with a forecasted 10,000 office workers to be
situated within 300 metres of the corner of Colombo Street and
Cashel Mall by early 2017.
To support business growth and development in the inner city,
the Christchurch City Development Unit is actively promoting
attractive inner city neighbourhoods, while the now disestablished
Canterbury Earthquake Recovery Authority had a vision of 20,000
inner city residents by 2020.
The new Unit Titles Act 2010 (Act) and Unit
Titles Regulations 2011 (Regulations) overtook an
out of date Unit Titles Act 1972 and were intended to assist with
the more large scale and mixed developments for which the prior act
had fallen short.
