Queenstown Development & Growth

QUEENSTOWN DEVELOPMENT & GROWTH

QUEENSTOWN Population Growth

25,557 32,627 49,374 CONTENTS

Resident population 2018

Projected resident population 2028

Projected resident population 2058

Tourism Growth

2.1m Queenstown Airport passenger movements, year to march 2018

14.0% 3.2m Growth in airport passenger movements since march 2017

Forecast airport passenger movements, 2025

The tourism boom, and associated growth in jobs in related industries, has resulted in high net migration into Queenstown Lakes District, which is the fastest-growing district in New Zealand. The usually-resident population in 2018 (Wakatipu Ward only, excludes Wanaka), was 25,557 and the population has grown by nearly 5% each year on average since 2013.

This compares with national annual population growth of around 2%. The Wakatipu Ward’s resident population is expected to continue to grow faster than the national average, providing a very strong long-term demand driver for the property market.

Queenstown Development & Growth

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1. REMARKABLES PARK New Wakatipu High School opened 2018.

Opening of Hawthorne Drive linking Remarkables Park to SH6.

Wyndham Garden: 75 serviced apartments and 55 residential apartments under construction.

Toru Apartments: around 200 studio, one bedroom and two bedroom units in three fivelevel buildings, under construction.

Porter Group’s proposed conference centre at Remarkables Park and gondola to The Remarkables ski area.

A 46-hectare subdivision stretching from Hawthorne Dr to the Kawarau River which will feature hotels, tourist apartments, commercial units and residential apartments/ townhouses.

Entertainment Precinct designed to provide an area for proposed community sports and recreation facilities including a major park, sports fields, golf amenities and other commercial recreation facilities.

Ramada Kawarau River, 87 rooms due early 2020.

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Strategy

DISCLAIMER

ALL ASPECTS OF THIS PLAN AND THE CONCEPTS DEPICTED HEREIN ARE AT THE PROPOSAL STAGE ONLY AND ARE SUBJECT TO CANCELLATION OR ALTERATION AT REMARKABLES PARK LIMITIED'S DISCRETION. REMARKABLES PARK LIMITED ACCEPTS NO RESPONSIBILITY OF ANY SORT FOR ANY ACTION TAKEN OR RELIANCE PLACED ON ANY INFORMATION GIVEN OR IMPLIED

BY THIS DOCUMENT. IF ANY PERSON IGNORES THIS DISCLAIMER THEY DO AT HEIR OWN RISK.

Design Survey

APEX

Drawn

AJS

FT

Checked

RA

D

Date

22/11/2017

Scale

1:2500 (A1) 1:5000 (A3)

CAD Filename

c

5814-219_SK1710.dwg

Copyright 2017 Airey Consultants Ltd

Drawing Title.

Job Title.

REMARKABLES PARK LIMITED MASTER PLANNING REMARKABLES PARK QUEENSTOWN

PRELIMINARY PROPOSED MASTER PLAN 03 DECEMBER 2017

CONFIDENTIAL

File No. ACENZ

5814/219

Rev.

D

Dwg. No.

SK1714

Remarkable Park Scheme Plan

Queenstown Development & Growth

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2. QUEENSTOWN CENTRAL Remarkables Residences: over 200 three to five bedroom townhouses at Frankton, stage one under construction.

10,000m² of retail anchored by K Mart and 4,100m² of office space and over 40 retail & food joints.

Circa 7.5ha of mixed use/industrial zoned land.

3. FIVE MILE Construction of Building 8, including 4,000m² of office space AND 1,000m² ground floor food & beverage/retail spaces.

70-room hotel.

In the medium to long term, Five Mile/ Shotover Park/Queenstown Central will have the critical mass to be the leading business precinct in Frankton.

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Queenstown Central Concept Image

Building 8 Five Mile Concept Image Queenstown Development & Growth

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4. SHOTOVER PARK M-space: 15 multi-use commercial and industrial units aimed at smaller businesses, next to Mitre 10 Mega at Shotover Park.

Significant commercial development with many construction & service related national tenants moving in.

9.5ha of new industrial land now being developed.

5. QUEENSTOWN AIRPORT Queenstown Airport considering options as part of its 30-year master plan, including a new partial heavy parallel taxiway, terminal extensions or a potential new terminal Projected by 2025, passenger movements could reach 3.2 million (around 1.6 million visitors/residents).

Potential demand of around 7 million passenger movements (3.5 million visitors/ residents) each year by 2045.

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Boundary Lines Indicative Only

Frankton Flats

Queenstown International Airport

5 Dinton Street, Russley, Christchurch | Marketing Proposal

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6. DOWNTOWN QUEENSTOWN Skyline’s $100 million investment into replacement 10-seater gondola cars, a new base terminal building and a major expansion of its upper restaurant complex to seat up to 650 people and cater for large functions and conferences.

IFly indoor skydiving simulator, open now.

Skyline’s planned multi-million dollar investment into redeveloping O’Connells Shopping Centre due for commencement 2019.

Council Proposed $385m of upgrades aimed at revitalising the Queenstown town centre, to be rolled out over the next 35 years and to include new council building.

Freshwater Apartments: 16 luxury apartments under construction on Hallenstein St. Queenstown Views: managed apartments on the corner of Man and Brecon Street.

Alexis: 32 dual-key apartments near corner of Hallenstein St and Gorge Rd.

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Downtown Queenstown

Downtown Queenstown Queenstown Development & Growth

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7. LOWER SHOTOVER Potential for over 3,000 new sections at Quail Rise, Ladies Mile and Kingston under the government and QLDC’s Housing Accord.

Queenstown Country Club retirement facility allowing for 235 two and three bedroom standalone homes, 97 apartments, a rest home, hospital and dementia care facility, medical centre, club house, child care, gym, restaurant, cafĂŠ and staff accommodation.

Shotover Country 650 residential lots, construction ongoing.

Bridesdale Farm 134 residential lots, construction ongoing.

Zone changes allowing for higher density residentail zone in Quail Rise with potential of 150200 sites.

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Shotover Country & Quail Rise

Queenstown Country Club Retirement Village

Queenstown Development & Growth

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8. JACKS POINT 740 residential lots.

High density apartment living allowing for 400 units over the next 5-10 years.

Circa 2,000m² of retail to be developed over the next 5-10 years along with visitor accommodation.

9. HANLEY FARM Circa 1,800 residential lots over the next 15 years.

Stage 1 titles issued July 2018 and building now underway.

10. ARROWTOWN Major retirement village development underway allowing for 120 villas, 75 apartments and 100 bed ages care facility.

Millbrook: addition of nine golf holes and 42 home sites on neighbouring Dalgleish Farm.

Linksgate, Arrowfields and Three Mayors Ridge residential subdivisions allowing for circa 55 new sites.

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Jacks Point & Hanley Farm

Millbrook Queenstown Development & Growth

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Disclaimer This Information has been prepared by Colliers International solely for information purposes in order to assist interested parties in making an initial evaluations and does not constitute advice nor purport to contain all of the information that a prospective purchaser may require.

In all cases, Interested parties must conduct their own investigation and analysis of the the data set out in the document to satisfy themselves in all respects and must not rely on the information in this document to make their purchasing decision. This Information has been prepared in good faith and with due care by Colliers International, but neither Colliers International, nor the owner accept responsibility hereunder for the accuracy of any part of the information contained in this document. Therefore the recipients of this document to the extent that they rely on the information contained herein do so entirely at their own risk. The owner and Colliers International (and its brokers) expressly disclaim all liability for representations, express or implied, contained in, or for omissions from, this document or any other written or oral communication given to any prospective purchaser in the course of their evaluation and/or offer.

This Information Memorandum does not constitute an offer for sale or purchase or otherwise.

Colliers International Queenstown Top Floor 10 Athol Street Queentown T. 03 441 0790

Contact

ALASTAIR WOOD Otago Realty (NZ) Limited, Licensed REAA 2008 16

Colliers International

Managing Director T: 027 4362 422