Ashburton Courier: September 24, 2020

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