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Properties across Christchurch and Banks Peninsula have seen an average increase in residential property values of 47.3% since the last revaluation in mid 2019, according to an independent revaluation undertaken by Quotable Value Limited (QV). From Wednesday 1 February, property owners can check ccc.govt.nz/rates to see the new valuations, which have been determined by QV…
International credit rating agency Standard and Poor’s has upgraded Christchurch City Council’s financial Credit Rating to AA (Stable outlook). The agency says that this upgrade is supported by the Council’s record of robust financial management and strong liquidity. The report goes on to say that the Council’s management is strong compared with its global peers,…
A proposed new rating scheme designed to give central city property owners a financial incentive to keep vacant sites tidy is now out for public consultation. A proposed new rating scheme designed to make rating in the central city fairer, and give central city property owners a financial incentive to keep vacant sites tidy, is…
International credit rating agency Standard and Poor’s has reaffirmed Christchurch City Council’s financial rating at AA-. The agency has also revised its outlook upwards to positive. “The positive outlook reflects Christchurch’s stronger budgetary performance and our expectation that it will continue to improve as earthquake reconstruction works tail off. As a result, there is at…
International credit rating agency Standard and Poor’s has reaffirmed Christchurch City Council’s financial rating at AA- with a stable outlook. “The AA- rating from Standard & Poor’s shows that despite the economic upheaval of the COVID-19 pandemic we remain on a strong financial footing,’’ says Council Acting General Manager, Finance and Commercial, Diane Brandish. “This…
The awards and accolades keep coming for Christchurch’s central library building, Tūranga. The five-storey building, which sits on the edge of Cathedral Square, has just become one of the few public buildings in New Zealand to be awarded a 5 Green Star – Custom Design Certified Rating from the New Zealand Green Building Council (NZGBC)….