Press Release
Final ‘super lot’ in Christchurch's East Frame hits the market
Christchurch
July 14, 2025
Media Contact
Marketing and Pitch Director, New Zealand
Located at 192 Gloucester Street, the 4,828sqm site spans a full central city block, bordered by Manchester, Gloucester and Worcester Streets, and Huanui Lane.
It is being sold by Crown Infrastructure Delivery Limited (CID) and is the only remaining undeveloped or pre-committed super lot in the East Frame residential precinct.
“This is a rare and final chance to secure a large-scale, high-profile site in the heart of Christchurch,” said Cameron Darby, Director of Capital Markets at CBRE.
“CID is seeking a purchaser with the capability and commitment to deliver a high-quality residential development that enhances this thriving urban neighbourhood.”
The East Frame, stretching from Armagh to Lichfield Street, is already home to a vibrant community and several award-winning townhouse and apartment developments. To date, around 800 homes have been delivered, are under construction, or are planned — a testament to the precinct’s momentum and appeal.
The site is available with vacant possession and has residential services installed to the boundary.
Darby said the timing is ideal: “Christchurch’s post-quake recovery has evolved into strong, sustained growth. One NZ Stadium is nearing completion, migration is trending upward, tourism is rebounding, and the city is emerging as the South Island’s primary gateway.”
With around 9,000 people already living within walking distance — and Christchurch City Council targeting 20,000-plus inner-city residents by 2028 — the site offers significant value growth potential.
“The scarcity of developable land in the CBD, combined with forecast growth, makes this a compelling long-term investment,” Darby said.
The site’s four street frontages offer excellent access via three major traffic routes and Huanui Lane, a shared-space laneway facing the urban park.
Nearby amenities include the Margaret Mahy Family Playground, Rauora Park, cycleways, the Ōtākaro-Avon River path, Riverside Market, Hagley Park, and the new Performing Arts Precinct — plus a wide range of cafés, bars, restaurants and shops.
“Opportunities like this simply won’t come again,” said Darby.
192 Gloucester Street is being offered for sale via Deadline Private Treaty with offers due no later than 4:00pm, Thursday 28th August 2025.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.