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Auckland developers tap into legacy 'ghost' space

Brent Melville
Thu, 04 Feb 2021

Auckland developers tap into legacy 'ghost' space
Brent Melville
Thu, 04 Feb 2021
Auckland's modern city skyline owes much of its existence to "ghost space" rights snaffled from older heritage sites that are not allowed to expand their floor space.As part of a unique heritage programme allowing developers to buy rights from low-rise heritage sites, at least 37 transactions are recorded in the inner city where developers have bought 'ghost space' to credit onto a new city centre development. This is the difference between the floor area of the heritage buildings and how much bigger they could have been i...

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