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.
Mountain Scene
By GUY WILLIAMS
Queenstown eco-venture Treespace Queenstown Ltd has fast-tracked its forest planting plans for Mount Dewar after receiving a funding boost from tech entrepreneur and part-time resort resident Rod Drury.
Treespace director Adam Smith tells
Mountain Scene Drury’s not only come on board as an
investor, but provided a finance facility to fast-track the venture’s reforestation programme.
Smith says it ‘‘dramatically brings forward’’ the venture’s environmental impact and its recreational benefits for locals and visitors through a new bike trail network.
It has also shortened the lead-time for selling sites for its forest settlement, Smith says.
Analysis: How the rise of smaller investors is changing the markets
17 Apr, 2021 12:00 AM
8 minutes to read
Some retail investors have made more money than many professionals. Photo / 123RF
NZ Herald
ANALYSIS:
In a three-part series, investment and advisory group Jarden explores three key factors at play in investment decisions in 2021. In part two, Jarden CEO James Lee and director (institutional equities) James Bascand explain how the rise of retail investors is changing the markets.
It would be hard to argue that retail investors return to the market hasn t been fantastic for stocks adding diversity of thought and often driving moves across shares with strong volumes. We suspect some retail investors have made more money than many professionals, which should continue to support investment into markets.
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13 hot tech companies sold offshore: Did NZ benefit?
13 minutes to read This month has seen two substantial technology companies sold offshore, with Auckland-based retail software firm Vend going to NYSE-listed Lightspeed for $450 million, and Christchurch geologic 3D modelling outfit Seequent acquired by Nasdaq-listed Bentley Systems for $1.45b.
Backers were quick to claim that jobs would stay in New Zealand (Vend and Seequent employ some 400 locally between them) and that investors like Movac and Punakaiki Fund (Vend) and Pencarrow (Seequent) would recycle money back into the local tech ecosystem.
A look back at 13 past high-profile tech sales (from a field of many more) reveals that sometimes that happens … and sometimes it doesn t.