Following the tragic death of former owner Hiroshi Hasegawa earlier this year, one of Canterbury’s top golf courses has now been sold for a price tag of $6.6 million.
Competition at the CBRE auction for Terrace Downs Golf Resort in the Canterbury High Country was high, with the property attracting strong interest from buyers.
The course was put on the market after the death of multi-millionaire Japanese investor Hiroshi Hasegawa, who purchased it in 2012 after approval from the Overseas Investment Office.
Hasegawa was 59 when he died in April.
He had turned the resort into a globally recognised luxury golf and adventure destination.
A trophy asset
Tim Rookes, managing director of CBRE Christchurch, and Warren Hutt, senior director of capital markets, CBRE Auckland, who marketed the property on behalf of Hasegawa’s estate, said the property was bought by a private investor.
Rookes said: “We’re delighted to get such a fantastic result for this stunning property.
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