Retirement village owner & operator Arvida Group Ltd said today it would buy 3 retirement villages in Tauranga & Queenstown for $180 million from interests controlled by Fraser Sanderson, a longtime developer.
Queenstown Lakes District Council appointed a Melbourne/Auckland consortium as preferred bidder on Friday to develop the Lakeview site in Queenstown.
Bayleys agents in the South Island finished 2018 with 8 commercial sales, including the sales of 2 vacant sites in the Izone Business Park in Rolleston, 27km south-west of central Christchurch, and their role in the sale of the South Dunedin Countdown store by Investore Property Ltd.
Augusta Capital Ltd announced last Monday it had entered into an unconditional agreement to acquire land in the Queenstown cbd for a 5-star hotel development, and on Friday it confirmed settlement.
Queenstown’s Millbrook Resort has won resource consent for the $50 million development of the neighbouring 67ha Dalgleish Farm into an addition to its golfcourse, interspersed with 42 sections for high-end homes.
Singaporean developer GYP Properties Pte Ltd launched the second stage of its $200 million Queenstown townhouse development, the Remarkables Residences, yesterday.