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Waiwera set to make a splash as hot property

As if to prove property ain't dead yet, developers are about to turn the first sod on a $200 million-plus redevelopment of Waiwera's famous thermal pool complex as the nation's first international spa resort.

Monday, November 29th 2004

The existing hot pools, motor camp and dumpy "hotel" - read "watering hole" - north of Auckland will be levelled to make way for a four-star hotel, a 3000sqm "wellness" spa, a conference centre and a range of investment accommodation.

The demolition of the old beachfront hotel will begin in two weeks, and Fletcher Construction will start work on 215 investment apartments and villas in the New Year.

Promotional fliers on the latest "investment opportunities" have started doing the rounds in glossy real estate publications around New Zealand and overseas.

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