RLB CRANE INDEX®

Te Kaha – Christchurch Stadium is well into the construction phase with 10 cranes on-site. The $683m project will have a seating capacity of 30,000 for sports events and will hold a minimum of 36,000 spectators for large music events. The project is currently the largest construction site in the Christchurch CBD and contains the highest number of long-term cranes in New Zealand.

New cranes were placed on mixed – use projects:

• Office Development at Corner of Manchester Street and High Street
• Commercial Development at Corner of Cambridge and Hereford Street

Cranes were removed from:

Civic

• Canterbury Museum Redevelopment

Mixed Use / Other

• Nectar 1 & 2 (two cranes)

Building activity in the Canterbury region fell by 6.4% in the twelve months of 2024 compared to 2023. The residential sector fell by 11.9% and the non-residential sector fell by 4.7%.

Canterbury’s building consents for 2024 fell by 0.7% to $4.53bn. This can be almost entirely attributed to the residential sector, which saw consents fall by 7.0% for the twelve months. The non-residential sector saw a strong rise of 13.3%, mainly in the retail, offices, and industrial sectors.