Strong sales for sections in Central Otago technology park

Strong sales for sections in Central Otago technology park

Press Release: Harcourts
18 December 2014

Cromwell will soon have a vibrant innovation and technology park with more than 20 of 42 available sections on the Highlands Motorsport Park site already sold. Harcourts is the exclusive agent for the project.

The new innovation and technology park is the second phase of commercial development for the 88ha block of land purchased by Tony and Christina Quinn in 2012 on the outskirts of Cromwell. The first stage was the development of the Highlands Motorsport Park, which opened in March last year.

Motorsport Park owner, Tony Quinn says that the vision for the new innovation park is to create a hub where like-minded people can work alongside each other designing, developing and testing cutting-edge technology.

“The Motorsport Park has been hugely successful and as a result a need has arisen to create a place where people can work on their vehicles in a controlled environment.

“This development would also suit anyone looking for a safe environment to test products including heavy duty machinery, farming equipment or electronics. Kiwis are world-renowned as innovators, particularly in the field of engineering, and the technology park will be a place to develop and test those ideas and products.

“Our aim is to develop a world-class facility that is going to really enhance the region and attract international visitors and investment,” says Quinn.

Investment in the new technology park has already reached $30 million and is expected to increase significantly through the sale and development of the remaining blocks, which also includes the Pitlane residential apartments for occupiers wishing to stay on site at the Motorsport Park.

The plots in the technology park range in size from 259sq m to 1215sq m. The land and buildings within the site will be used for motorsport and related activities including peripheral businesses.

Harcourts sales consultant Peter Bennetts says that sales for the sections have been strong and that interest has been shown from a range of different types of business.

“This development is a great opportunity not just for motor sports enthusiasts from New Zealand and abroad but for businesses servicing the technology park, for innovators and for product developers.”

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