Winery village favoured

Monday 8 November 2004

The Christchurch City Council is backing an "urban village and winery" development for its multi-million dollar Turners and Growers site.

By The Landlord

In closed session yesterday, the council voted unanimously to back a proposal from Wellington-based Urban Winery Holdings Ltd to establish a self-contained village with an operational winery, cellar sales, a boutique hotel complex, retail space and 162 residential apartments.

Urban Winery and the council will hammer out the finer points of the deal in coming months before a final council vote next year. The development will be built over the next three to five years.

The council bought the 1.75ha site in mid-2002, at that time valued at $4.26 million, on the recommendation of the Central City Mayoral Forum.

Read More - Opens in a new window
Commenting is closed

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.


Resilience needed in face of change

The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.


Bank LVR limits on hold

Banks have not relaxed loan-to-value ratio limits for investors, despite the Reserve Bank's move to scrap LVR rules.

Site by PHP Developer