Kāpiti Coast

 

PHOTO: JOHN NICHOLSON The Kāpiti Coast airport and surrounding land are part of the deal.

Major New Zealand property developments – including a Kāpiti Coast airport – as well as hundreds of hectares of land have been sold by the Todd Property Group.

The sale includes residential developments Pegasus township north of Christchurch, Auckland’s Stonefields, and undeveloped land in Hawke’s Bay and Whangarei.

The developments have been sold to the recently-formed NZPropCo Ltd [NZPL], a New Zealand-based investment group.

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