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The 2022 release of the updated National Seismic Hazard Model has set in motion a wave of potential changes for New Zealand’s building standards. With a revised NZ Standard for seismic loading (Technical Specification 1170.5) on the horizon, building owners and tenants alike will soon face new challenges.    ⭐ What does this mean for you? ⭐ Expect more stringent requirements for earthquake resilience, particularly for existing buildings. This shift may lead to disputes around building ratings and rising costs for landlords who have already made upgrades.   At TwentyTwo, we understand the growing complexities of seismic standards and the balance between risk management and long-term investment. Staying informed and proactive is key to navigating this evolving landscape.    👇 Read more in Paul Mautz's blog and explore how these changes will affect the property landscape and what it might mean for you. #wearetwentytwo #seismicstandards #earthquakeresilience #propertymanagement #riskmanagement #wearetwentytwo  https://lnkd.in/g8DF6jRr  

Building owners to be given more time to remediate earthquake-prone buildings https://lnkd.in/gRgGsqHm The New Zealand Government has introduced a bill that gives owners of “earthquake-prone” buildings a longer timeframe to remediate their buildings than those previously set – broadly, a further four years, plus a potential two more on top of that. The bill is part of the New Zealand Government’s broader work programme to review the country’s system for managing seismic risk in existing buildings, and aims to provide certainty to building owners and territorial authorities while the review takes place. This is occurring at a time when many building owners are coming up against current deadlines for remediation. Karl Anderson, Partner Toni Forrest, Partner Rachael Brown, Partner Mathew Brown, Partner David Chisnall, Partner Sophie Bristow, Senior Associate Sonia Ng, Professional Support Lawyer #Projects | #RealEstate | #NewZealand | #BellGully

🔍 What seismic performance do tenants want and need from their building? Managing seismic building risk isn't just about protecting lives—it's about 🛡safeguarding business operations, 🛠 assets, and ✅ reputation. Relying solely on minimum seismic design standards within building regulations may not protect an organisation from significant losses or disruptions after an earthquake. For most buildings, the primary focus of minimum seismic design standards is to reduce the risk of people being harmed, rather than to minimise damage and ensure continued use of a building after an earthquake.   The seismic performance a commercial tenant wants and needs out of their building will depend on the nature of their organisation. 📘 The MBIE Seismic Risk Resource for Commercial Building Tenants can help tenants to better understand their seismic building risk and to make decisions that best prioritise what their organisation needs from their building. Thanks to MBIE and BRANZ for funding this work and making the resource possible.  https://lnkd.in/gN_kWcQc https://lnkd.in/gjaagHNg

Seismic risk assessment based on residential building stock and field survey results: a case study of 3 cities in Shanxi Province Frontiers https://lnkd.in/g4yQQJbC

Earthquake-prone buildings review: seismic shift in building resilience? https://lnkd.in/ghHSURjX Today, the Minister for Building and Construction, the Honourable Chris Penk, announced the commencement of the earthquake-prone building system review. This review aims to ensure that seismic risk in existing buildings is effectively managed. Please see here for the terms of reference. Given New Zealand’s geographic position, seismic considerations are an important feature of transactions across the New Zealand market and in how businesses operate from their premises. Discussions on balancing life safety risks against the costs of regulation and impact on private property owners have become increasingly common and so this review will be welcomed by many. Rachael Brown, Partner David Chisnall, Partner Toni Forrest, Partner Mathew Brown, Partner Anna Snow, Graduate #Projects | #RealEstate | #Employment | #WorkplaceSafety | #HealthandSafety | #Construction | #Infrastructure | #Litigation | #NewZealand | #BellGully

Terms of reference for the Government’s review of the earthquake-prone buildings regime have now been released, and with the wide range of questions posed, the review stands to significantly change current legal and market approaches to managing seismic risk.    With the scope of the review being broad and comprehensive, our Real Estate team examine three of the questions posed by the scope along with the potential impact on property contracts, seismic policies, and redevelopment opportunities. #NBS #buildingregime #seismicstrenthening #earthquakeprone #helpingshapenewzealandsfuture

Summary and Commentary on the article 'Development process – partly in the right, all in the wrong' contributed by Patricia Green Architect Patricia Green questioned the feasibility of hillside development mainly multi-family high and rise developments and the approval process as a whole, following the events of earthquakes in September and October which were later accompanied by a tropical depression affecting the island in 2023. The hillsides in eastern Jamaica are very prone to occurrences such as landslides and earthquakes and continued activities such as mining, construction and excavation continue to put them in jeopardy. Using this scenario to emphasize the development process from policy, planning, approval, inspections and maintenance. Policy- The article mentioned the collaboration that takes place to draft certain development policies, specifically it spoke about the creation of the Hillside Development Manual for Jamaica and the different interest groups that made an input. Places like Jack's Hill in St. Andrew is a geographic area sensitive to development and caution must be exercised when any development is done in the area. Residents in the Jack’s Hill community have made repeated interventions to the KSAMC, NEPA, and others over ongoing multi-family housing developments destroying infrastructure and posing potential terrestrial dangers. Planning and Approval- The planning involved in approving developments is not standardized, they are circumstantial and may seem ad hoc. At times the need for housing developments outside the core is permitted to reduce sprawl, maximise space and increase housing stock, however, this need must not supersede the impracticality of building in certain areas, like areas highly prone to landslides for example Jack's Hill. Inspection- Briefly put inspection which is an enforcement measure is lacking, therefore building suitability and safety is not properly regulated Maintenance and Liability- There is no maintenance or protection of areas like Jack's Hill that can suffer from some geohazards from developments that can threaten and compromise existing infrastructure and developments, in addition. The damages that may be incurred from negligently approving certain developments to residents are not held responsible by authorities and so people and the environment are collateral for the effects of geohazards impacting unsuitable development. There is no compensation offered to the affected parties. Chime in what are your thoughts about the development process in Jamaica? What is the development process like in your area in a nutshell? Article Reference Link: https://lnkd.in/ekY_G_yy

In a recent article for Commercial Property Executive, PMA Senior Project Manager David Williams discusses the implications of a new generation of seismic ordinances springing up across California to improve the safety and stability of certain building types that have been historically vulnerable to earthquake activity. Writing alongside Michael J. Korolyk and Jasen Armes of Tipping Structural, Williams lays out the challenges and opportunities CRE building owners face in today's volatile commercial market. Read their full thoughts below: #projectmanagement #commercialrealestate #california #seismicordinance

Are you looking for help managing risk in your portfolio due to seismic events? The Hazus analysis indicates that the estimated long-term average cost of earthquake losses to the national building stock is $14.7 billion dollars per year. This study provides an estimate of the earthquake damage in terms of a dollar amount for the nation and for every county across the country. It differs from past national studies that focused only on the risk, not the financial impact, of an earthquake occurring in a particular area. Click https://lnkd.in/eM-ZNQqy to read more about this analysis from Hazus. BV offers services that can help! Including Seismic Risk analyses, Property Condition and Structural Assessments. Our teams are professionals that adhere to standards such as ASTM E2026-16a , a Guide designed to assist clients in developing information about the earthquake-related damage potential of a building or groups of buildings. BV undertakes best practices for lenders, loan servicers, insurers, and equity investors in real estate hoping to understand and prevent possible earthquake losses to buildings. Click https://lnkd.in/e2vPYqcV to learn more about how BV can help and about our services. BV leaders contribute to the development of key industry standards to advise our consultancy and shape a world of trust. #ASTMproud #ASTM #BureauVeritas #standardsmatter #epa #climaterisk #EnvironmentalRisk #ClimateChange #propertyresilience #sustainability

Are you looking for help managing risk in your portfolio due to seismic events? The Hazus analysis indicates that the estimated long-term average cost of earthquake losses to the national building stock is $14.7 billion dollars per year. This study provides an estimate of the earthquake damage in terms of a dollar amount for the nation and for every county across the country. It differs from past national studies that focused only on the risk, not the financial impact, of an earthquake occurring in a particular area. Click https://lnkd.in/eBUBX-FP to read more about this analysis from Hazus. BV offers services that can help! Including Seismic Risk analyses, Property Condition and Structural Assessments. Our teams are professionals that adhere to standards such as ASTM E2026-16a , a Guide designed to assist clients in developing information about the earthquake-related damage potential of a building or groups of buildings. BV undertakes best practices for lenders, loan servicers, insurers, and equity investors in real estate hoping to understand and prevent possible earthquake losses to buildings. Click https://lnkd.in/e_XCCfCg to learn more about how BV can help and about our services. BV leaders contribute to the development of key industry standards to advise our consultancy and shape a world of trust. #ASTMproud #ASTM #BureauVeritas #standardsmatter #epa #climaterisk #EnvironmentalRisk #ClimateChange #propertyresilience #sustainability