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Article: Developers apply to build 2500 houses; NEW SUBURB PLANNED

Article from:
The Press
Article date:
August 8, 2008
Author:
Copyright

Developers are planning a new suburb of 6000 people in what would be Christchurch's biggest housing venture for decades.

To be called Prestons, the suburb would cover 203ha in Marshland, with 2500 sections and a commercial area. It would house more residents than the Pegasus and Northwood settlements combined and be bigger than Hagley Park.

The plan is a joint venture by developer CDL Land New Zealand, iwi-owned Ngai Tahu Property and supermarket giant Foodstuffs South Island, all of which have been buying farmland in the area.

CDL has mainly Singaporean owners and in 2006 and 2007 needed Overseas Investment Office approval to buy market gardens and grazing land for a total of $18.4 ...

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