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Sunday, 12 October 2008
The rest of the article is here.
Property developer Jamie Peters is selling off some key assets as the credit crisis crunches the property sector.
The Sunday Star-Times understands Peters is to sell the massive Victoria Quarter development site in Auckland's CBD and the freehold land under the Sofitel Hotel in Queenstown.
Other assets that Peters has recently put on the market include Grasmere Station, his 625ha high country retreat in the South Island, and his 20m luxury launch Regal Flyer.
However, he will be retaining the sprawling Gulf Harbour development north of Auckland.
Peters, a cousin of Foreign Minister Winston Peters, is the owner of Starline Group which has been behind some of the country's biggest property deals of the past few years.
The Sunday Star-Times understands Peters is to sell the massive Victoria Quarter development site in Auckland's CBD and the freehold land under the Sofitel Hotel in Queenstown.
Other assets that Peters has recently put on the market include Grasmere Station, his 625ha high country retreat in the South Island, and his 20m luxury launch Regal Flyer.
However, he will be retaining the sprawling Gulf Harbour development north of Auckland.
Peters, a cousin of Foreign Minister Winston Peters, is the owner of Starline Group which has been behind some of the country's biggest property deals of the past few years.