Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Sale for Significant Queenstown Lodge Development

High International Interest Results in Sale for Significant Queenstown Lodge Development
For Release: 17 May 2006

Strong buying interest from Australasia, Dubai, the United Kingdom, and the United States for the rare opportunity to purchase iconic Queenstown high country land with a wilderness lodge consent in place followed an international marketing campaign late 2005 by Warwick Osborne of Harcourts Queenstown.

Mr Osborne noted with plenty of ‘expat’ enquiry the buyers ranged from potential exclusive lodge operators, to those looking to build their own private hideaway in what is arguably one of New Zealand’s and the world’s most stunning landscape. The eventual purchaser of the Walter Peak development was local Queenstowner Rod Nielsen who spends time between Queenstown and the US, and is also the name behind the Heritage Villas attached to the Heritage Queenstown Hotel and The Esplanade Villas.

The Walter Peak development was described as a “true top end wilderness experience with peace and quiet” adjourning and having access to recreation opportunities on the well-known 27,000 hectare Walter Peak Station. At 38.16 hectares the site has around 820 metre frontage to Lake Wakatipu on the north with Beech Bay road to the south. Access is by boat from Queenstown via the first private marina to be approved and built on Lake Wakatipu with alternative access through a back hills unsealed road from Te Anau, or by helicopter.

The one-off project, which took seven years of consultation with interested parties, design and landscape consultants and the Wakatipu Environment Society to get to the market late last year was expected to be around a $50 million development and the largest lodge development to date in Queenstown.

Harcourts Queenstown Manager, Kelvin Collins worked closely with the development from day one and said it was unusual to be able to purchase freehold lakeside land with consent of this magnitude already in place which was of huge significance to potential buyers. The consent gives approval for 17 buildings including a lodge incorporating a wing with six guest suites, separate manager’s residence, eight cottages and eight homestead sites. Initial landscaping including 309,000 plants has already begun on site.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news