Half the 42 available sections in an innovation & technology park beside the Highlands Motorsport Park at Cromwell, in Central Otago, have been sold.
Both ventures have been created by Tony & Christina Quinn, who bought the 88ha at the start of the Kawarau Gorge Rd out of Cromwell in 2012. Harcourts is the exclusive agent for the new project.
The motorsport park opened in March last year, and Mr Quinn said the vision for the innovation park was to create a hub where like-minded people could work alongside each other designing, developing & 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 & test those ideas & products.
“Our aim is to develop a world-class facility that is going to really enhance the region and attract international visitors & investment.”
Investment in the new technology park has already reached $30 million. The remaining sites include the Pitlane apartments for occupiers wanting to stay on site at the motorsport park.
Lots in the technology park range from 259-1215m² and are for motorsport & related activities, including peripheral businesses.
Harcourts sales consultant Peter Bennetts said yesterday interest in the sections had come from a range of businesses.
Attribution: Agency release.