Kiwis love to shop! In 2019, NZ retailers turned over more than $98 billion, up more than 40% from only eight years earlier. While an increasing proportion of this retail demand is being met online, traditional (bricks and mortar) retail continues to also grow apace. For example, 3,300 building consents were issued over the last 10 years, enabling an extra 2.8 million metres of retail floorspace.
We have helped clients secure planning approval for numerous retail developments across New Zealand, which collectively turnover more than one billion dollars of revenue each year.
Before pursuing a retail development, clients often wish to understand the supply and demand for retailing in the catchment area, both now and in the future. We have significant experience in retail market analyses, which can help you determine the optimal scale and mix of your next retail development.
Some retail developments do not require resource consent because they are permitted activities under the operative District Plan. Often, however, resource consent is required. In that case, an “assessment of environmental effects” must be completed, including an assessment of potential adverse effects of the proposal on the health and vitality of other centres. We have performed retail impact assessments for dozens of retail developments across New Zealand, usually incorporating our proprietary Integrated Retail Model to estimate trade impacts as part of the overall assessment of retail distribution (flow-on) effects.
Larger retail developments sometimes need private plan changes prior to seeking resource consent . These plan change applications require detailed assessments of likely environmental effects, including potential effects on other centres. We regularly provide economic effects assessments to accompany plan change applications for retail developments. They are often informed by our Integrated Retail Model, which helps calculate current and future market supply and demand, plus likely trade impacts, to facilitate the overall assessment of economic effects.
District Plans must be reviewed every ten years, which gives developers and other stakeholders the opportunity to pursue private plan changes via the district plan review process itself. We have worked on dozens of district plan review submissions across several urban areas of New Zealand, enabling clients to secure approval for numerous major developments.
Plan changes, district plan reviews, and most resource consent applications, result in a hearing where the applicant, their lawyer, and a team of technical experts present their case. We have provided expert evidence at dozens of hearings before a range of judiciaries, including numerous Environment Court appearances, and have an excellent track record of success.
How many jobs will this project create, and what is the likely contribution to GDP? These are two of the most frequently asked economic questions about new projects or developments. To answer them, a technique called economic impact assessment is commonly used. We have estimated the economic impacts of some of the largest developments in New Zealand, both to improve the public’s understanding of its likely economic effects, and to also help gain necessary consents/approvals.
What Our Clients Say
Infinity Group highly recommends the services of Fraser Colegrave at Insight Economics. We engaged Fraser to prepare a comprehensive economic assessment report in support of our Ravenswood private plan change. Fraser competently expedited his responsibilities in a timely and professional manner. He was thorough, exhibited an obvious command of his own subject matter expertise and was always a pleasure to work with.
We have engaged Insight and Fraser multiple times for RMA related work. We have found Fraser to consistently provide a prompt and professional service in a friendly manner. The work produced is always robust and credible and stands up to inevitable scrutiny.
Insight Economics acted for Northbridge Properties on the consenting of a ECE and retail/Office development in Hobsonville. Insight provided expert opinion in a timely and professional manner including responding to RFI requests. We consider Insight an important part of our team of professional advisors.
I’ve had the opportunity to work alongside Fraser on a new commercial retail development proposal regarding matters of potential trading impacts and adverse affects. I found his understanding of the issues and his analytical approach very complementary to my planning and retail economic assessment approach. I certainly appreciated his careful thought and attention to detail, and would be very happy to work with Fraser again.