Government pays $1.8m for natural gem in Nelson

Monday 26 April 2004

The Government has purchased a 758 hectare Nelson property to ensure public access to Harwood's hole, the deepest vertical cave shaft in New Zealand.

By The Landlord

Conservation Minister Chris Carter said the purchase of Canaan Downs Farm for $1.8 million ensured a "natural gem" would not be subdivided and sold off to developers.

Canaan Downs Farm covers an area around Takaka Hill next to the Abel Tasman National Park and is part of the last stronghold of a rare species of carnivorous land snail.

"The farm is the main access way to Harwood's Hole, a 176 metre marble shaft that is an increasingly popular destination for cavers and sightseers," Mr Carter said.


Read More - Opens in a new window
Commenting is closed

House Prices

Regions lead the price growth pack

Provincial markets stole the asking price spotlight from the main centres in January, according to the latest Trade Me Property Price Index.

Commercial

Headwinds for the commercial market

Tightening credit conditions could impact on New Zealand’s booming commercial property market, according to the Property Council’s chief executive.

Mortgages

Heartland launches reverse mortgages for investors

Heartland has expanded its reverse mortgage business and will now lend against investment properties and second homes, as the product becomes more popular in New Zealand.

Site by PHP Developer