We are acting on the purchase of the Homestead Bay development site of 168 hectares, Homestead Bay, Queenstown for proposed residential and commercial development.
This is a significant residential subdivision and commercial development planned for development over next 10 to 15 years. The development will see an anticipated $400 million of investment over this time resulting in 1,700 to 2,500 residential sections and commercial development on the areas around the lakefront.
Homestead Bay will be developed in conjunction with RCL’s existing adjacent development at Hanley’s Farm.