New World Wakatipu’s owners are jumping shop to own and operate Queenstown’s low-cost Pak’nSave supermarket.
Michelle and Anthony King, who’ve run the Remarkables Park New World for the past five years, will open the $30 million, 5700sq m Pak’nSave - beside the Mitre 10 Mega hardware store - late this year.
New World and Pak’nSave are both part of the Foodstuffs South Island chain.
However Anthony says he and Michelle have to sell their supermarket to another owner/operator.
“Because of the way the Foodstuffs rules work, you need to be approved to own a New World/Pak’nSave supermarket, and due to the size and popularity of Queenstown, it’s likely to go to another New World owner who’s moving from their store.”
Anthony adds: “We’re certainly looking forward to bringing low-cost food prices to Queenstown - the Pak’nSave offer is a pretty strong proposal.”
Pak’nSave will be the third supermarket on the Frankton Flats, after Countdown opened at Five Mile late last year.
Anthony says he’s in no doubt there’s room for three: “Everyone knows the growth phase that Queenstown’s going through at the moment.”
The local Pak’nSave will be the 54th in the country.
It will include a self-service petrol station. Builder Naylor Love broke ground for the supermarket last October.
But it was only approved the year before following three years of legal battles - the Queenstown council refused consent in 2011.