Carisbrook sold, down by Christmas
Calder Stewart has been confirmed as the new owner of Carisbrook, with a condition of the sale being its demolition by Christmas. Council Chief Executive Paul Orders today confirmed the purchase had been finalised, saying: “It is pleasing the due diligence process has been completed and that the sale has been confirmed.”
In a variation to the original agreement, the historic brick turnstiles, plus 400m2, have been given back to the DCC at no cost, apart from minimal shared surveying costs. This recognises the New Zealand Historic Places Trust classification of the turnstiles and creates the potential for a ‘pocket park’ to be formed.
Calder Stewart will pay $3.5 million for Carisbrook, with $200,000 to be refunded by the DCC as long as all the buildings, apart from the hospitality complex, are demolished within six months.
DCC Media Release
Now that the transaction has been completed, a large number of documents relating to both the original purchase and subsequent sale of Carisbrook, will be released publicly later next week on the DCC website.
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*Images: (top) Dunedin Jan-03 flyinn.co.nz (bottom) mastermaintenance.co.nz