Mega-landlords back sweeping changes to RMA

Commercial landlords with property worth more than $2.5 billion are delighted about Resource Management Act reform and even back moves to raise corporate fines from $200,000 to $600,000.

Rob Lang, chief executive of AMP NZ Office Trust's manager and John Dakin, who heads Goodman Property Trust's manager, have both backed sweeping changes.

Anzo is New Zealand's largest listed investor in commercial office property, and Lang said the big fine hikes were good because they would encourage compliance with the new regime.

"If it sharpens discipline around planning and development, then it doesn't really matter what the fine is. It will make sure things are done properly," he said.

Lang, Green Building Council chairman and head of the business finishing a $114 million development project at 21 Queen St, backed the Government's proposed changes.

"I'm pleased with the whole initiative, just that someone after 19 years has decided to pick up the fall," he said.

To read the full NZ Herald story click here

Posted: 5 Feb 2009

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