New Ground Capital

Queenstown Lakes Community Housing Trust can buy 50 apartments in Frankton, after securing funding from Westpac bank. As reported in the Otago Daily Times last week, the not-for-profit social enterprise lost the chance to secure  financial backing from  an overseas...

Housing complex takes off

Approval's been given for Queenstown's first major affordable and worker housing complex. In a resort desperately short of reasonably-priced locals' housing, developer New Ground Capital (NGC) has received resource consent to accommodate about 600 people on the Frankton Flats. Site works...
Resort bosses are in a full-blown slugfest for staff as the housing crunch continues to bite. Queenstown Chamber of Commerce's biennial labour and accommodation survey reveals a quarter of businesses expect to pay 50 per cent above the going-rate. And a...

$30m worker digs axed

A developer's canning a central Queenstown worker housing complex just as problems accommodating hospo staff hit crisis point. New Ground Capital boss Roy Thompson says his company's pulled the pin on its 143-unit, $30 million-plus project because it can't make the...
Queenstown's council has given fast-tracked approval for a $30 million-plus, 143-unit worker housing complex in the resort. But developer New Ground Capital has hit a wall – or rather, a cliff face. The company, spearheaded by Queenstowner Roy Thompson, lodged a resource...

$30m worker housing fix

A $30 million-plus worker housing complex is proposed to combat Queenstown's crippling short-term rental crunch. A company headed by part-time Queenstowner Roy Thompson this week lodged a resource consent application for two six-storey buildings on Gorge Road, close to the...
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