Stage one of Cromwell’s new estate development released
Posted at 6:00am Thursday 14 May, 2020 | By Joanna Perry firstname.lastname@example.org
The developers behind Cromwell's highly anticipated new neighbourhood, Wooing Tree Estate, released the first sections to the public on May 8, with three sections selling in two days.
The 24.4 hectare estate is being developed alongside the Wooing Tree Vineyard, established in 2002. The vineyard will become part of the mixed residential and business estate around it, all surrounding the town's famous Wooing Tree.
“We have re-zoned our land to develop a boutique vineyard estate, offering opportunities for a mix of premium residential homes adjacent to our cellar door and new retail and hospitality village, which will be the beating heart of the wonderful new neighbourhood,” said Steve Farquharson.
“We've put a lot of work into the Wooing Tree brand over many years. We don't want to lose that prestige or importantly the grapes we are so famous for, so there will still be a significant number of vines surrounding the new sites.”
Veros Property senior development manager Sean Haynes said the “special neighbourhood, surrounded by vines, green lanes and open space,” had attracted the interest of families from around the country, as well as expats and retirees.
In light of coronavirus, Haynes recognised that it was a testing time to be launching a new subdivision.
“Although the market has created some short-term uncertainty, it hasn't changed the enduring value of what this development and living in Central Otago offers,” he said.
Building on the sections can begin from February 2021.
Read edition 974 of the Wānaka Sun here.