Author: Marta Steeman
Christchurch has recorded its highest-priced office building sale, for about $80 million.
The seven-storey Manawa office building on Oxford Terrace near Christchurch Hospital in the city’s new Te Papa Hauora/Health Precinct was bought by Dutch national and retired lawyer, Wolf Herwegh Vonk, who moved to New Zealand with his family last year. They are living in Auckland.
Herwegh Vonk bought the building from Chinese property development company Huadu International which bought out the original NewUrban Group, a joint venture between Huadu Construction and local investors John Fairhall and Bert Govan.
Despite the Covid-19 lockdowns the property attracted more than $1 billion of offers from New Zealand and overseas investors.