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

 


Pegasus acquired by Todd Property Group

4 December 2012

Pegasus acquired by Todd Property Group

Todd Property Group has purchased the Pegasus town development, 25 kilometres north of Christchurch in the Waimakariri district.

The town is built around a 14-hectare lake and adjoins the 18-hole Pegasus Golf and Sports Club. Its environmentally sensitive design includes 100 hectares of wetlands crossed by boardwalks, trails and waterways.

“Todd Property Group is pleased to have a stake in the development of the Canterbury region. We recognise the need for quality residential housing options in and around Christchurch and expect there will be strong demand for new homes in Pegasus,” says Todd Property Group Managing Director Evan Davies.

“The Pegasus development is a highly attractive offering close to the city, which presents residents with a unique lifestyle in a truly desirable setting.”

The land was unaffected by the recent earthquakes and the requirement for housing in the region is high with people looking to move in from red-zoned homes and other areas around Christchurch.

The development stretches to Pegasus Bay and when completed it will house 5,000-7,000 people in approximately 1,700 dwellings. All civil infrastructure for the area has been completed.

More than 600 people are already living in the township with 420 houses either completed, under construction or in the consenting phase. The town is expected to provide job opportunities for 1,400 people and many of the town's key features are being established in the early stages of the development to ensure Pegasus grows as a fully functioning community.

Major earthworks and site contouring began in mid-2006, with the first residents having moved into the town in September 2008. The full development is expected to be completed in 2015.

The acquisition is Todd Property Group’s only current land holding in the South Island and represents confidence in the strength of the residential market in Christchurch.

“Todd Property Group specialises in producing quality master-planned developments that house strong and thriving communities. We look forward to working with our building partners to bring new options to market,” says Mr Davies.

“Pegasus is one of the most appealing residential developments in the country and we think people will be proud to call it home.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>

ALSO:

Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>

ALSO:

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news