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Home arrow Articles by Topic arrow LandCo arrow Eight neighbouring houses snapped up
Eight neighbouring houses snapped up PDF Print
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Articles - LandCo
Written by Anne Gibson, The New Zealand Herald   
Wednesday, 24 December 2008

Eight houses valued at more than $12 million on neighbouring sites in the Auckland seaside suburb of St Heliers have been sold in one of the country's most unusual real estate deals.

The expensive hillside houses from 27 to 39 Glover Rd were put up for mortgagee tender, which closed on December 10.

Nicola Kelland of Kellands Real Estate said yesterday that all the properties had been bought but not by one party. She could not disclose any prices.

The houses were sold by developer Greg Olliver's BBG Trust, which had planned a "Neverland" style of development to be constructed into the side of the hill topped by his own castle.

The first stage of the area's largest residential real estate project was to be 20 luxury apartments for $5 million each, stepped down a slope in five-tier blocks, with 70 carparks.

The BBG Trust owns a further 10 houses on Waimarie St. But Nicola Kelland said she did not know about the future of these places.

Some of the once-exclusive houses have been empty for years and other properties are sites left vacant after Mr Olliver's plans came unstuck.

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