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HUGE INTEREST IN QUEENSTOWN RETIREMENT DEVELOPMENT

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March, 2017

Developers of a retirement home to be built in Queenstown say they have
already had more than $80 million in registered interest from future
residents.

This month commissioners released their interim decision on the
Sanderson Group's Queenstown Country Club, granting consent for 235
stand-alone homes, 97 apartments, a rest-home, hospital and dementia
care facility, a medical centre, clubhouse, child care facility, gym
restaurant/cafe and staff accommodation.
The decision also included 54 pages of conditions.
Chairman Fraser Sanderson said the amount of interest in the two- and
three-bedroom homes - priced from $735,000 - was an indication of the
"overwhelming demand from retirees in the Wakatipu basin'.
"The majority of our registered interest are local residents who have
dedicated much of their lives to making Queenstown what it is today.
"It would have been a great shame if these people and others like them
were forced to leave Queenstown as so many others have had to in the
past.
"Many still have a great deal to contribute, especially those who have
raised families here and whose children and grandchildren live in the
area.'
Mr Sanderson said the investment the company was making into the resort
would have "massive flow-on benefits' to the wider community,
stimulating further growth and diversity in the economy and creating new
jobs.
The company had an immediate need to hire builders and was
constructing worker accommodation on site which would be "heavily
subsidised' for employees, with provision for partners to also live on site.
The retirement village would also enable more specialised medical care
practitioners to work in the area, which had the potential to diversify the
economy away from hospitality and tourism.
The interim decision included a one-year lapse date on the first stage of
the development - which was the worker accommodation.
During the hearing, held over three days in January, Sanderson Group said
they expected the development to be fully completed within seven or
eight years.
(Source: Otago Daily Times)