A world-class Health Precinct in Christchurch just got a step closer, with local property group Countrywide Property Trust Limited buying a prominent site for a multi-storey development.
Christchurch Central Development Unit acting Director Don Miskell says the Crown’s sale of 36-44 Oxford Terrace, and the exciting development planned for the site, shows investor confidence is still strong in the city.
“Our aim is to establish a first-class precinct that brings together health-related activity, including education and research,” he says.
“This new construction project by Countrywide Property, once all conditions of sale are met, will be a step forward in bringing this vision to life.
“Spanning four blocks between St Asaph Street, Hagley Avenue, Oxford Terrace and Montreal Street, the Health Precinct will be a valuable community asset with strong ties to the adjacent Christchurch Hospital, currently undergoing re-development.
“The Health Precinct will benefit from Countrywide Property’s extensive experience and knowledge of developing in post-earthquake Christchurch,” Mr Miskell says.
Countrywide Property Trust Limited Director Richard Diver says it plans to construct a multi-storey building on the corner site.
“For such a prominent location, we plan to create a campus-style development that interacts with our neighbouring project at 32 Oxford Terrace,” he says.
“The four upper levels will accommodate health-related tenants, with the ground level being a combination of retail and hospitality.
“At present we are working through the developed design for 36-44 Oxford Terrace and hope to start building later this year,” Mr Diver says.
The 1,700m site is in close proximity to the Christchurch Hospital and Te Papa Ōtākaro/Avon River, with easy access to the Retail Precinct and Hagley Park, as well as to the Earthquake Memorial and public transport super stop.