Behind an Aussie billionaire’s Queenstown buys

  • Published on: Nov 15, 2017 - 6:07 AM
  • Source: Newsroom

Behind an Aussie billionaire’s Queenstown buysAn Australian billionaire is embracing life in New Zealand, spending millions of dollars buying up two parcels of prime Queenstown land and eyeing up an investment in a huge Lake Wakatipu farm. Tim Roberts, a Rich Lister businessman and investor worth an estimated $A986 million ($NZ1.1 billion), spent $4.2 million earlier this year buying 12 hectares of land at Speargrass Flat, between Queenstown and Arrowtown. In another purchase rubber-stamped by the Overseas Investment Office, Roberts – through company 100WPS Ltd – has bought 40 hectares of lakefront land at Walter Peak Station, acros …

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