UK fund earmarks $300 million for Queenstown development
July 26, 2007 The National Business Review By Tamsyn Parker
A UK investment fund is set to plough more than $300 million into Melview Developmentıs $1 billion Queenstown resort development Kawarau Falls Station.
BlueSky Capital has bought four of the 13 buildings which make up the development to place in its start-up Global Destinations Fund I.
The investment includes the 221-room Intercontinental Hotel, a 197 room serviced apartment hotel, boutique luxury lodge and luxury apartment building.
Melview managing director Nigel McKenna said the investment showed the growing significance of New Zealand on the international investment radar.
Construction has already started on the project which is expected to take four years with up to 800 people working on it to complete.
Bayleys Real Estate executive chairman John Bayley, whose company negotiated the deal, said it was a huge vote of confidence in the future of Queenstown and the New Zealand tourism industry.
Melview Developer Eyes Central Otago - August 3 2007, The National Business Review
Resort hailed as biggest project since Clyde Dam - August 2 2007, Business Day
Youngsters brave downpour to get closer to nature - August 1 2007, North Yorkshire News
$300m in Kawarau Falls – July 27 2007, The National Business Review
Resort investor adds $300m to development - July 27, 2007, Otago Daily Times
McKenna sells third of a billion dollar Queenstown development - July 27 2007, Globalkiwis.com
Approval for big resort investment - 27 July 2007, The Press by David Williams
$300m resort sale - July 27 2007, The New Zealand Herald
BlueSky Capital to Buy Four Hotels in Queenstown, New Zealand - July 25 2007, Bloomberg By Tracy Withers
McKenna sells third of a billion dollar Queenstown Development - July 25 2007, TMC Net
Youngsters put nature project in picture - July 25 2007, Northern Echo
Approval for big resort investment - July 7 2007, The Press
A little place for that greener getaway - May 22 2007, The London Paper
Green Light - April 7 2007, GNER Livewire Magazine
North Yorkshire’s natural place to retreat from it all - March 25 2007, The Guardian
Great green getaways - February 22 2007, Pure Yorkshire
New wave eco-lodges - February 11 2007, The Sunday Times
New company to take ‘green’ lodges design idea nationwide - February 7 2007, North Yorkshire News
Encouraging the Natural way to enjoy a holiday - February 6 2007, Yorkshire Post Business
Richard Hammond’s clean break Aislabeck, Yorkshire - February 3 2007, The Guardian
Next year I want to……..be greener - December 30 2006, The Guardian