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

 

Scoop Business: Wheeler Downplays Scope For ‘Large’ Rates Fall

Reserve Bank governor Graeme Wheeler says some market commentators are predicting further declines in interest rates that would only make sense for an economy in recession, although some easing is likely to be needed to maintain New Zealand’s economic growth. More>>

ALSO:

Ruataniwha Dam: Consent Conditions Could Mean Reduced Intensity

Legal advice sought by the Hawke’s Bay Regional Council on the Ruataniwha Dam consent conditions has confirmed that farmers who sign up to take water from the dam could be required to reduce the intensity of their farming operation to meet the catchment’s strict nitrogen limit. More>>

Health And Safety: Bill Now Sees Rules Relaxed For Small Businesses

Health and safety law reform sparked by the Pike River coalmine disaster has been reported back from the industrial relations select committee with weakened requirements on small businesses to appoint health and safety representatives and committees. More>>

ALSO:

Bearing Fruit: Annual Fruit Exports Hit $2 Billion For First Time

The value of fruit exported rose 20 percent (up $330 million) for the June 2015 year when compared with the year ended June 2014. Both higher prices and a greater quantity of exports (up 9.0 percent) contributed to the overall rise. More>>

ALSO:

Interest Rates: NZ Dollar Jumps After RBNZ Trims OCR

The New Zealand dollar jumped more than half a US cent after Reserve Bank governor Graeme Wheeler cut the official cash rate by a quarter-point and said the currency needs to be lower, while dropping a reference to criteria that justified intervention. More>>

ALSO:

Drones: New 'World-Class' Framework For UAVs

The rules, which come into effect on 1 August, recognise the changing environment and create a world-class framework that accommodates ongoing development while still ensuring the safety of the public, property and other airspace users. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news