Gin palace for Lake Dunstan, but Peter Thiel faces uphill battle

Gin palace for Lake Dunstan, but Peter Thiel faces uphill battle
The shore of Lake Dunstan will be the home of a new booze distillery. (Image: Scapegrace)
Brent Melville
Tech billionaire Peter Thiel may have hit a snag in his efforts to get development approval for his Wānaka rich list retreat, but it's apparently okay for locals to build a massive distillery on the shores of nearby Lake Dunstan.Central Otago consenting authorities signed off on the $25 million distillery that is owned by small-batch distillery and exporter Scapegrace last June, and construction has started on the lakeside site near Cromwell.The 36-hectare site was purchased by Scapegrace owner, The Gin Company, in 2019.The distiller, known...

More Property

Oceania shrinks footprint, prioritises balance sheet
Property

Oceania shrinks footprint, prioritises balance sheet

Oceania has divested four aged care facilities in the space of six months.

Gregor Thompson 22 Nov 2024
Paul Bary lobbies minister over Du Val BTR
Property

Paul Bary lobbies minister over Du Val BTR

Du Val Build To Rent assets could be sold early next year; investor Paul Bary unhappy.

Receivers ask Du Val founders: ‘Where are the assets?’
Property

Receivers ask Du Val founders: ‘Where are the assets?’

Du Val receivers say they have evidence of other assets they want information on.

Maria Slade 21 Nov 2024
Reasonable progress or pass the parcel?
Property

Reasonable progress or pass the parcel?

Opinions split over whether buildings are being earthquake-strengthened fast enough.