Christchurch Q1 2024 Crane Index - RLB | Oceania

RLB CRANE INDEX®

65
-12 (15.5%)

Christchurch saw a decrease in cranes from the record high reported in the last index. The index value fell from 77—the highest value recorded since Q1 2017—by 12 points to reach 65.

Q3 2024

RLB CRANE INDEX®

CHRISTCHURCH

Q3 2024

Highlights

The region currently hosts 20 cranes, down from 24. Four long-term cranes were added to developments in Christchurch, and eight were removed.

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 at:

Civic

  • Canterbury Museum Redevelopment (one additional) Mixed Use / Other
  • Nectar 1 & 2 (two cranes at 172 Cashel Street) Residential
  • Manchester Square (one additional)

Cranes were removed from:

Civic

  • Christchurch Cathedral

Civil

  • Kind Foundation Carpark
  • Worchester Boulevard Carpark Demolition

Health

  • Ranui Apartments – Bone Marrow Cancer Trust

Mixed Use / Other

  • Portus Properties
  • QB Studios

Recreation

  • Metro Sports Centre

Residential

  • Fletcher Living Development

For the first half of 2024, building activity in the Canterbury region fell by 2.8% compared to the same period in 2023. The residential sector fell by 3.0% and the non-residential sector fell by 2.3%.

Canterbury’s building consents for the first half of 2024 fell by 7.7% to $2.3bn. This can be almost entirely attributed to the residential sector, which saw consents fall by 12.5% for the six months. The non-residential sector saw a small gain of 0.8%.

Q3 2024

Summary

RegionChange
CHRISTCHURCH -4
SectorChange
AGED CARE N/A
CIVIC 0
CIVIL -2
COMMERCIAL N/A
DATA CENTRES N/A
EDUCATION 0
HEALTH -1
HOTEL N/A
MIXED USE 0
RECREATION -1
RESIDENTIAL 0
RETAIL N/A
Increase in number of cranes
Decrease in number of cranes
Crane numbers steady

Q3 2024

Crane Activity

By Region

OPENING / CLOSING COUNT COMPARISON

OPENING COUNTMOVEMENTCLOSING COUNT
Q1 2024%NETQ3 2024%
CHRISTCHURCH2417.3%4-8-42016.1%

By Sector

OPENING / CLOSING COUNT COMPARISON

OPENING COUNTMOVEMENTCLOSING COUNT
Q1 2024%NETQ3 2024%
AGED CARE00.0%00000.0%
CIVIC28.3%1-10210.0%
CIVIL28.3%0-2-200.0%
COMMERCIAL00.0%00000.0%
DATA CENTRES00.0%00000.0%
EDUCATION28.3%000210.0%
HEALTH28.3%0-1-115.0%
HOTEL00.0%00000.0%
MIXED USE312.5%2-20315.0%
RECREATION1145.8%0-1-11050.0%
RESIDENTIAL28.3%1-10210.0%
RETAIL00.0%00000.0%
TOTAL2417.3%4-8-42016.1%