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Mountain Scene
May 7, 2021
By PHILIP CHANDLER
National Business Review’s online Rich List.
Part-time local Fraser Sanderson, who’s developing commercial and residential property behind his former Queenstown Country Club retirement village, is valued at $225 million.
The Porter brothers, Alastair, John and Neville, who’ve developed commercial, retail and residential property at Frankton’s Remarkables Park, are valued at $200m.
Sanderson’s ranked 19th amongst NBR’s property-related Rich Listers and the Porters are 20th.
Sanderson sold Queenstown Country Club and two Tauranga villages to Arvida for $180m in 2019.
However,
NBR says it’s not so well known he’s retained more than 30ha of adjoining land, which he’s developing under the banner of Queenstown Commercial.