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

 


Three Queenstown Businesses Purchase Queenstown Wharves

November 9 2012

Joint Venture of Three Queenstown Businesses Purchase Queenstown Wharves

A joint venture between Southern Discoveries Ltd, Real Journeys Ltd and Remarkables Jet Ltd has purchased St Omer and O’Regans Wharves from Ngai Tahu Property Limited at auction yesterday.

Remarkables Jet Ltd Director, John Porter, said “Remarkables Jet is delighted to have joined with Southern Discoveries and Real Journeys to purchase the Wharves.

“Our plans include developing a stunning waterfront resort village, serviced by regular jet ferries travelling between Queenstown and Remarkables Park. Involvement in the joint venture is a key part of progressing the development of our integrated Master Plan.”

Remarkables Park Ltd wholly owns Remarkables Jet Ltd.

Tony McQuilkin, a Director of Real Journeys commented that Real Journeys was pleased to have secured substantial additional wharfage to allow in the future additional vessel operations on the lake.

Southern Discoveries Managing Director David Skeggs said he was pleased to have entered a joint venture with the other parties to secure the future for the company's forthcoming new operation to Mt Nicholas Station.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Consents And Taxes: Trustpower 'very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news