Trans Tasman Properties buys cornerstone stake in Clearwater

Wednesday 4 August 2004

Trans Tasman Properties today said it had agreed to buy a "cornerstone" 34% interest in Clearwater Development in Christchurch for an undisclosed sum.

By The Landlord

TTP chairman Don Fletcher said today he was very pleased with the investment and excited about medium-term commercial and residential opportunities within Clearwater.

He said TTP was looking forward to working closely with other Clearwater shareholders, John Darby, Michael Coburn and interests associated with Christchurch businesswoman and philanthropist, Diana, Lady Isaac.

Clearwater this week proposed a 1200ha conservation park, six times the size of Christchurch's famous Hagley Park, could be developed on a property adjoining the luxury Clearwater Resort if it was granted planning permission to increase its hotel rooms at Clearwater from 200 to 400 and residences from 30 to 200.

Read More - Opens in a new window
Commenting is closed

Property News

Major industrial development powers on

It’s full steam ahead for the Stevenson Group’s $800 million, 361-hectare industrial and residential development in South Auckland – despite the uncertainties of the post-Covid-19 era.

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.


Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer