Cromwell’s growth sparks expansion in Central Otago
Colliers International opens Cromwell property office
Tuesday 15 Sep 2020
Building on more than a decade of work with clients throughout the Central Otago region, our Colliers International Otago team have recently opened our new Cromwell office. Cromwell’s significant growth potential has prompted us to launch our new office in Cromwell to service the area’s commercial, industrial, rural, residential and valuation needs.
Mark Simpson, Director of our Colliers International Otago Queenstown business, says Cromwell has been identified as a high-growth area of the Southern-Lakes District.
“Colliers International has worked with clients throughout the Central Otago area for over a decade, so it’s a natural progression to expand to a dedicated office for the area.”
“The fundamentals underpinning the wider Cromwell economy remain strong with its location a natural distribution hub servicing the Queenstown, Wanaka and wider Central Otago area. We’ve seen sustained growth over the last decade in the residential and lifestyle sectors which has helped the growth in commercial and rural-agri activity, particularly in transport/logistics and viticulture/horticulture. Despite the current Covid climate, we’re confident in the region’s potential for further growth. It’s an investment in the future supported by the strong performance of the last few years. A number of our corporate and offshore investors and occupiers have also shown interest in expanding their presence into this part of Central Otago for these reasons.”
Colliers International will also continue to expand its rural and agribusiness presence, with members from the wider Otago rural team continuing to grow their presence in Cromwell and the wider Central Otago area.
Ruth Hodges, National Co-Director of Rural and Agribusiness at Colliers, says high demand for specialist property services and confidence in the local market’s future are the key reasons for the move.
“Cromwell is the hub for many of our rural professionals and clients involved in the horticulture and viticulture industries; having a base for our rural specialists here allows our clients direct access to the team and positions us in an area of consistently strong rural and lifestyle sales.”
Central Otago has long been a sought-after destination for tourists, outdoor adventurers and wine aficionados. Central Otago is also one of the most productive and valuable horticulture and viticulture regions in New Zealand. Cromwell is a much-loved destination in the Upper Clutha Valley, set on the idyllic shores of Lake Dunstan, with spectacular mountain views.
The Cromwell area offers many attractions including wineries, restaurants and bars, cycling and walking trails, the growing motorsports presence off the back of the Highlands Motorsport Park, Goldfields Mining Centre, helicopter tours, and adventure sports including jet boating and hang gliding.
Simpson says “Having a dedicated Cromwell real estate office will put our team in a stronger position to assist clients with property solutions that maximise the value of their assets.”