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NEWS<br />
<strong>Ashburton</strong> <strong>Courier</strong>, <strong>September</strong> <strong>24</strong>, <strong>2020</strong><br />
17<br />
New timelines for<br />
Lake Hood campus<br />
Workiscontinuing behind<br />
the scenesonthe ambitious<br />
Southern Parallel Sports<br />
Campus project to be located<br />
at Lake Hood.<br />
The $50million sports<br />
campusisproposed by APT<br />
Sports Academy Ltd,<br />
supported by Aonghus NZ<br />
Ltd, WestburyInvestment<br />
Group USA, investment<br />
partners, the Allied Forces<br />
Foundation,and through<br />
alliances with New Zealand<br />
and North American<br />
universities.<br />
The fullservice campus<br />
will deliver targeted<br />
resilience training,<br />
academic and business<br />
education programmes<br />
catering specifically to high<br />
performance athletes,<br />
disabledathletes and<br />
woundedservice menand<br />
women’sphysical, mental,<br />
selfesteem and education<br />
needs.<br />
Catherine Stuart,<br />
managing partnerof<br />
Aonghus, said the project<br />
was absolutely going ahead<br />
and although it had been<br />
quietfor awhile, workwas<br />
progressing to ensure it did<br />
happen.<br />
The project had agrowing<br />
‘‘Kiwi’’ team of investors,<br />
advisers, educationalliances<br />
and service providers anda<br />
significant international<br />
support basewhose<br />
commitments wouldensure<br />
the success of the project.<br />
Aggressive project<br />
timelinesfor the project<br />
havenow been pushed back<br />
by around 12 months.<br />
Instead of the original<br />
opening date of mid 2021, the<br />
complex is now scheduled to<br />
openbyJuly 2022.<br />
Construction is earmarked<br />
to start in May nextyear and<br />
will follow on from work<br />
finalising investments,<br />
grants,plans and consents.<br />
Golf resort goes under<br />
hammer, sells for $6.6m<br />
Terrace DownsGolfResort<br />
has sold under the hammer<br />
for $6.6million followingthe<br />
deathofits former owner<br />
from Covid19.<br />
Competitionatthe CBRE<br />
auction for thegolf resort in<br />
theCanterbury highcountry<br />
was high, with the property<br />
attracting strong interest<br />
from buyers.<br />
The course was put on the<br />
market afterthe death of<br />
multimillionaire Japanese<br />
investor Hiroshi Hasegawa,<br />
who purchased it in 2012<br />
after approval from the<br />
OverseasInvestment Office.<br />
Hasegawa was 59 when he<br />
died in April.<br />
He had turned the resort<br />
into aglobally recognised<br />
luxury golf andadventure<br />
destination.<br />
Tim Rookes, managing<br />
directorofCBRE<br />
Christchurch, and Warren<br />
Hutt, seniordirectorof<br />
capital markets, CBRE<br />
Auckland, whomarketed the<br />
property on behalf of<br />
Hasegawa's estate,said the<br />
property was boughtbya<br />
private investor.<br />
“We’redelighted to get<br />
such afantastic result for<br />
this stunning property. The<br />
level of interest<br />
demonstrates that investors<br />
have ongoing appetite for<br />
highquality assets,” said Mr<br />
Rookes.<br />
“As golf courses don’tcome<br />
to the market very often, this<br />
is atrophy asset for the new<br />
ownerand we wish them all<br />
the verybest,” added Mr<br />
Hutt.<br />
TerraceDowns was<br />
The Terrace Downs Golf Resort has sold.<br />
recently ranked by New<br />
Zealand Golf magazine as<br />
one of thecountry's top five<br />
courses.<br />
The par 72 course is 6406m<br />
longand is describedas<br />
havingaScottishhighland<br />
feel. It offers achoiceoffour<br />
tees on each hole and<br />
incorporates10lakes and<br />
over 60 bunkers.<br />
It wasdesignedbythe late<br />
SidPuddicombe, a<br />
celebrated Canadian golf<br />
course architect.<br />
On the northern side of the<br />
Rakaia River,the resort<br />
features extensive<br />
landscaping, with tussock<br />
plantings, lakesand stands<br />
of woodland andbush.<br />
Along, 1.8km riverfront<br />
boundary borders the river,<br />
withterracedlawns<br />
providing excellentviews of<br />
famouswaterway.<br />
Panoramic views of Mt Hutt<br />
and surrounding mountains<br />
are astrongfeature<br />
throughoutthe property.<br />
Sealedroads provide<br />
accessto78privatelyowned<br />
residential sites; including a<br />
cluster of 52 apartments and<br />
26 freestandingchaletstyle<br />
homes scattered throughout<br />
the property.<br />
Aportionofland at the<br />
property’s southern end,<br />
known as The Peaks, was<br />
previously consentedfor<br />
subdivisioninto20large<br />
luxury home sites, however<br />
this consent haslapsed.<br />
Mr Rookes told OneRoof<br />
that therewas agenuine<br />
desire amonglocals in<br />
Canterbury to see Terrace<br />
Downs succeed.‘‘It's really<br />
heartening to see that<br />
support. There's an<br />
emotionalconnectiontothe<br />
resort in Canterbury people<br />
want to seeitcontinue.’’<br />
Trust approves grants<br />
Community Trust of Mid &<br />
South Canterbury has<br />
approved grants totalling<br />
$98,799 to 16 organisations in<br />
its latest funding round.<br />
<strong>Ashburton</strong> district grants<br />
wenttoRakaia Memorial<br />
Hall ($9,180 to replace<br />
seating), Methven Golf Club<br />
($7,000 towards amotorised<br />
trailer), Allenton Sports Club<br />
($8,550 towards amower),<br />
Rakaia PonyClub ($10,000 for<br />
new fencing) and <strong>Ashburton</strong><br />
Community Alcohol &Drug<br />
Service ($2,808 for updating<br />
technology).<br />
In Geraldine, the Orari<br />
EquestrianCentre was give<br />
$1783to helpdevelop a<br />
Health &Safety Policy and a<br />
Fire Evacuation Planfor the<br />
Orari Racecourse grounds.<br />
Other funding wentto<br />
Dementia Canterbury<br />
($5000), Parkinson’s NZ Ct<br />
($10,000), CCS Disability<br />
Action ($5000), Stroke<br />
Foundation of NZ ($5000)and<br />
Hearing Dogs for Deaf<br />
People NZ ($10,000).<br />
Community Trust of Mid&<br />
South Canterbury will hold<br />
its annualmeeting at Hotel<br />
<strong>Ashburton</strong>at 10.30am on<br />
October 12.