Ōtākaro is divesting parcels of land that are not required for Anchor Projects.
Land was acquired by the Crown under the Canterbury Earthquake Recovery Act 2011 to enable the construction of Anchor Projects. In some cases, due to how the land was previously owned or how the Anchor Projects have taken shape, the parcels that have been acquired are larger than what is needed. Ōtākaro is selling this balance of land.
The parcels are located throughout the central city.
Ōtākaro uses different methods to divest its land, including Expressions of Interest and Requests for Proposals. The company is not bound to any particular process and will respond to direct approaches from developers without going to the market.
Parcels of land are becoming available progressively as titles are reissued.
Who else is involved?
Ōtākaro is just one of many land owners in the central city. Anyone interested in buying land may also wish to contact realtors to find out about other land.
'Seller with a purpose' - Ōtākaro objectives for land divestment
Ōtākaro was established with the objective of being a land 'seller with a purpose'. It has been tasked with achieving the goals of adding value to Anchor Projects and Crown Land, and balancing good commercial outcomes with the Crown’s regeneration objectives. Generally, price expectations will be at market value, favoring developments that enhance the regeneration of Christchurch. Ōtākaro encourages new and different developments for Christchurch that increase the number of people working, living and enjoying the central city. Ōtākaro land will not be banked. Intermediary uses that allow redevelopment as the city evolves are permitted.
Preparing a proposal to acquire land
A proposal should be a high level outline that concisely covers the key points, and includes people activation numbers and (if possible) concept drawings. Ōtākaro advises against investing heavily in the proposal and designs at this early stage. Proposals needs to show alignment with:
The CCRP defines the form of the central city and the Blueprint sets out the locations of Anchor Projects and Precincts needed to optimise recovery. It provides a framework for redeveloping the city centre and investment opportunities.
2. A liveable city
Vibrant and thriving central cities need attractive neighbourhoods with diverse communities to support business growth and development. The target for Christchurch is 20,000 people living in the central city by 2040, as the Residential Chapter of the CCRP explains.
3. An Accessible City
'An Accessible City' promotes that buildings, open spaces, streets and facilities within the central city will be safe, accessible, and people friendly.
4. People activation
A vibrant and thriving central city needs the support of people living and working there. Developers need to demonstrate how their development would increase the number of people and how it would activate the area.
5. Accessibility for all
Ōtākaro promotes universal accessibility for all, which goes beyond legislation. Ōtākaro recommends developers engage with the Earthquake Leadership Disability Group (ELDG) during the design phase of their development. ELDG endorse Barrier Free, a consultancy service that provides accessibility audits. Developers must integrate accessibility into their development and undertake an accessibility audit.
6. Streets and Spaces Design Guidelines
As the Streets and Spaces Design Guide explains, Developments must be people focused, have a strong sense of place, and generate community pride in a coherent and coordinated manner.
There is a more detailed Streets and Spaces Strategic Guide. Because of the large file size, it is available in three sections: the first has the introduction, strategic approach design criteria and covers the gathering spaces, the second covers street design and the third covers anchor projects and implementation.
7. Car Parking
Ōtākaro supports development of car parking facilities that can be repurposed to offices or apartments. See the Christchurch City Council Christchurch Central Parking Plan – 2015
8. Health and safety
Ōtākaro actively promotes the highest standards of health and safety. Every contractor and sub-contractor must be signatories of, or operate under a signatory of, the Canterbury Rebuild Safety Charter. Further Information and Assistance Please contact the Properties and Opportunities Team at Ōtākaro.