$53m luxury complex for Napier
A $53 million apartment complex in Napier is nearly half sold before the official announcement of the flash new waterfront project.
Wednesday, March 10th 2004, 6:46AM
by The Landlord
Last year Globe Holdings paid $2.7 million for the 1.5-hectare site, which had been used as a transport yard.
"Waterfront sites are becoming increasingly scarce as New Zealanders recognise the premium such property can command," company director Andrew Fawcet said.
"This has resulted in significant interest in the development with 50 apartments, valued at over $25 million, either already sold or under contract. People heard about it through word of mouth and approached us."
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