Terrace Downs Golf Resort, at 619-623 Coleridge Road, Windwhistle, sold at auction for $6.6 million to a New Zealand private investor.
Successfully brokered by Tim Rookes and Warren Hutt of CBRE New Zealand, there was strong interest to acquire this once-in-a-lifetime opportunity to own a championship golf course in Canterbury.
Mr Rookes said, “We’re delighted to get such a fantastic result for this stunning property. The level of interest demonstrates that investors have ongoing appetite for high-quality assets.”
“As golf courses don’t come to the market very often, this is a trophy asset for the new owner and we wish them all the very best,” Mr Hutt added.
The sale of Terrace Downs Golf Resort caps off a busy week for CBRE Christchurch’s investment sales team following its announcement of Christchurch’s largest ever single-asset office sale on Wednesday.
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ABOUT CBRE GROUP, INC.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
ABOUT CBRE GROUP, INC.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
