New Zealand Golf Magazine

Golf Course Land sale?

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Claims by Winston Peters of

a big Auckland golf course land sale to Chinese buyers by the country's wealthiest property investors have been strenuousl­y denied.

Culum Manson of Mansons TCLM said Peters' statement that his family's business had sold the land to Chinese interests was wrong."That statement is not accurate," Manson said. Peters said: "Auckland Golf Course sold land to Mansons, New Zealand's biggest private property developer, who flicked it on to a Chinese investor at twice the market value. But Manson indicated his family's company still owned the land. The land is part of the Royal Auckland Golf Club property to be developed. That land near Middlemore Hospital was seen as surplus to requiremen­ts, following the club's merger with The Grange.

The site is to become a large housing estate and since its purchase, Mansons has been preparing the land for developmen­t, subdividin­g and creating titles. Culum Manson said other major investors and developers were keen on the land before Mansons bought it and that his company paid a high price. "Fletchers and Todd Property wanted to buy the land as well. However, their offers were considerab­ly lower and conditiona­l. Our offer was higher and unconditio­nal. "The best price was achieved by the club for the land in current raw state. We paid more than required so the club could fund Project Legacy - a new course and club house for future generation­s," Manson said.

 ??  ?? The Grange, Auckland.
The Grange, Auckland.

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