Developers start to move on Flat Bush
Large tracts of Flat Bush land on the southern outskirts of Auckland have changed hands in sales worth more than $31 million in recent weeks.
Thursday, February 10th 2005, 5:48PM
by The Landlord
Barfoot & Thompson figures released yesterday showed three Flat Bush deals in two months, which director Peter Thompson said would see many hectares of farmland converted into housing.Agents - understood to be from Barfoot's Highland Park office - sold two blocks of land for more than $10 million in December and a further lot for $11 million last month.
Barfoot's Meadowland manager Jim Allnatt said Flat Bush bare sections of between 400sq m and 450sqm were selling for more than $200,000 and prices had been climbing rapidly. The office had sold blocks of land in the area for more than $10 million in the past 15 months.
Barfoots' Highland Park manager Jon Simpson said "privacy restraints" prevented him from talking about any of the deals he had been involved in.
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