real estate

Start date for $100m Toru

After two false starts, construction of Queenstown's first major workforce accommodation is due to start in April. New Ground Capital's building 230 units across three high-rises below Frankton's Remarkables Park Town Centre. The company originally received consent for a 143-unit affordable...
Arguably Queenstown's most prominent lifestyle property is on the market. The Walker family's 14.6-hectare property, bordering 600 metres of the Ladies Mile highway, is for sale by international deadline private treaty. According to the council's rating information, the land is valued...

Buyers’ hands in pockets

Sales of both luxury homes and bare sections have slowed down markedly in Queenstown. Local Harcourts managing director Kelvin Collins says there'd been good growth in the luxury sector earlier last year, but the clamps came on after the government's...

Mega block hits the market

Marketing's started on a seven-storey apartment development at Queenstown's Remarkables Park. Adjoining planned four- and five-star hotels, Horizons Residences comprises 149 state-of-the-art, spacious apartments. It's being developed by Tekapo businessman Anthony Tosswill, who's behind a bid to build a 17-storey, five-star...

Big hotel property play

New Zealand's largest property fund management company hopes to start building a luxury Queenstown hotel about next May. NZX-listed Augusta Capital recently paid $13.95 million to acquire a newly-cleared site immediately above the Queenstown CBD. The vendor, developer Kevin Carlin's South...

A’town prices soaring

Arrowtown's increasing desirability, combined with a shortage of sections, is pushing property prices to record levels. According to Quotable Value, the median house value is a staggering $1,342,650. Luxury Real Estate New Zealand director Terry Spice says there've now been 18...

‘Gold’ in them thar hills

A goldmining centre on the Queenstown tourist trail with "phenomenal" potential is on the market. Goldfields Mining Centre, in Kawarau Gorge on the Queenstown-Cromwell highway, 10 minutes from Gibbston, has been substantially developed by the Egerton family over the past...

Hotel finds suite spot

It's taken six months but three high-end rooms have been added to a central Queenstown hotel following a challenging building project. The junior suites, overlooking the Recreation Ground, have gone on the roof of the Queenstown Park Boutique Hotel. The $2...

Point blockbuster on point

The end's in sight for the tallest building project at Queenstown's Arthurs Point. La Residence du Parc's two four-storey buildings should be ready for occupation by mid-February, at latest. Those structures, housing 48 mostly two-bedroom apartments, had been due for completion...

Billionaire’s buy-up

A Japanese billionaire art collector who's restored two historic buildings in central Queenstown has bought a landmark property close by. Auckland-based Soi-chiro Fukutake has paid an undisclosed sum to buy Doug and the late Betty Brown's long-time four-level home on...

Salvation Army on the march

The sale of Queenstown CBD's Salvation Army premises presents a heaven-sent buying opportunity. The church is exiting its prime Camp Street site and planning to relocate to the Frankton Flats. "I think this is the first CBD building for sale on...
Kiwibank's chief economist says conditions are ripe to splash out on Queenstown infrastructure. But Jarrod Kerr, in town last week to give a keynote speech at the three-day New Zealand Society of Actuaries conference, says it's up to locals whether expansion...
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