Iconic high country station stays NZ-owned
The ownership of this iconic Queenstown high country property is staying with New Zealanders.
Kawarau River Station, 1826ha on the northern face of the Remarkables Range, has been sold at mortgagee auction for $8.05 million.
It was bought by Queenstown Farm Ltd, a company associated with the Porter brothers, developers of Queenstown's Remarkables Park and Shotover Park and the company behind a proposed convention centre in Frankton.
The station has 14km of river frontage with the Kawarau River and rises up the northern slopes of The Remarkables Range to the Remarkables skifield.