Pet food millionaire snaffles Taupō racetrack

Pet food millionaire snaffles Taupō racetrack
Quinn made his millions in pet food, but his passion is fast cars.
Pattrick Smellie
Pet food millionaire and serial New Zealand motorsport racetrack owner Tony Quinn has stepped up with a $1.04 per share offer to take over Taupō’s Bruce McLaren Park.The bid is the second time around for the owner of the Hampton Downs and Highlands motor racing facilities in the Waikato and near Cromwell, respectively.Quinn last tried to buy the racetrack in 2015 when it was going through financial difficulty. He offered $3.5 million at the time and was told it was worth $6m.In the deal announced on Friday, he will be paying $6.69m, assum...

More Property

Auckland council on the hook for $150m building claim
Property

Auckland council on the hook for $150m building claim

Justice Tracey Walker heard the case from May to October 2022.

Staff reporters 26 Mar 2024
Winton's Wynyard: for the wealthy and well-heeled
Property

Winton's Wynyard: for the wealthy and well-heeled

Big balconies take advantage of the harbour and historic quarter views. 

Brent Melville 26 Mar 2024
Funds cut payments, hive off assets to survive, until better times come
Property

Funds cut payments, hive off assets to survive, until better times come

Property syndicators forced to sell their owned properties into a buyers market.

Brent Melville 25 Mar 2024
Build-to-rent 'doesn't work', but it needs to
Property

Build-to-rent 'doesn't work', but it needs to

Institutions say it's a tough sector given regulatory and tax settings.

Brent Melville 22 Mar 2024