Southern group behind Arrowtown subdivision
A group of veteran developers is behind a new lifestyle subdivision at Arrowtown near Queenstown, called Arrowfields.
Located on the outskirts of the town, the 20-lot subdivision will include a native revegetation project along the stock-damaged and weed infested waterway for walking and biking tracks.
The four shareholders in the development all have Dunedin connections and include Paul Dallimore, Alan Gray, Tony Clear and Les Wilson.
They are also involved in a residential development at Belfast, on land formerly owned by South Canterbury Finance.
Dallimore now lives at Oxford and in the 1990s was the founder of listed property trust NPT, which owns the Eastgate Shopping Centre in Christchurch.
Dunedin developer Tony Clear has been a player in many of that city’s main developments, while Alan Gray has been a supermarket investor and Les Wilson’s Wilson Group is a major transport operator.
The Arrowfields development has already attracted several registrations of interest, according to Colliers International agent Stephen Hebbend.
Prices for the sections, ranging from 600 square metres to 1073sqm, will be determined by a tender process. The sections will be sold in two stages.
Another subdivision further out of town, Linksgate, is selling comparable sections starting at about $600,000.
Arrowfields, located off McDonnell Rd, is a short walk from Arrowtown’s main street and is handy to schools and cafes.
Zoning rules and town centre boundaries mean vacant sections have been hard to find in recent years. These days the area is known for skifields, wineries, restaurants, golf estates – and wealthy buyers of real estate at places like Millbrook Resort.
The development is part of the wider Arrowtown South Special Zone – a 50-hectare residential development area on the southern edge of the township with capacity for more than 200 homes.