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Drury Developments

Paerata Rise – Tender for Stage 7 withdrawn

Prospective purchasers in the tender for Paerata Rise stage 7A and 7B have just been advised that the tender has been withdrawn. The developer, Grafton Downs, cites uncertainty over development timing and costs as a result of Covid 19 lockdown as a principal reason. The lockdown would have also affected the numbers of people who could have viewed the sections.
The tender opened on Monday July 12 and was to close at 5 pm on Monday September 20. It included 64 sections with in the 400 – 500 m2 size range. The developer plans to reissue to notice of tender at a later date.