International scramble for blue-chip property

Monday 26 July 2004

Australian buyers are among those lining up to bid on Friday for a parcel of prime Queenstown commercial property worth an estimated $56 million.

By The Landlord

Locations Realty manager Henk Hoogvliet said it was the largest chunk of blue-chip real estate to go on the Queenstown market in the past 15 years.

The eight properties are owned by a group of eight financial investors from Singapore and Malaysia.

Australian interest had come mainly from Perth, Brisbane, Sydney and Melbourne.

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