On behalf of Crown Infrastructure Delivery, CBRE is excited to offer developers the opportunity to acquire a 4,828sqm prime CBD site with exceptional development potential.
Following a substantial post-earthquake rebuild, Christchurch is now recognised for its vibrant new central city, combining rich natural and cultural heritage, a deep economic base and best-practice 21st century urban design. The city offers an extraordinary lifestyle for residents and has become an exceptional setting which attracts strong numbers of domestic/international visitors. The continuous growth in both population and tourism necessitates ongoing investment to support the CBD’s expansion.
Strategically located within minutes’ walk from New Regent Street, Riverside Market/The Terrace, Cashel Mall Retail Precinct and Te Kaha One NZ Stadium, the site benefits from excellent accessibility to key amenities. The site’s integration with Christchurch’s new transport infrastructure adds to its appeal.
With a current CBD population of approximately 9,000 within walking distance and the Christchurch City Council targeting a population of 20,000 or more by 2028, the demand for residential and commercial space is expected to grow. The scarcity of developable land in Christchurch’s CBD Core promises sustained capital growth, making this a highly attractive investment.
This 4,828sqm site enables excellent flexibility for future development options, including an expansive 300m of street frontage to all boundaries. This includes 3 main traffic routes - Manchester, Worcester and Gloucester Streets, as well as frontage to Huanui Lane, which serves as a shared space for pedestrians, cyclists and cars.
Opportunities to acquire a substantial mixed-use development site in the Central City core are now limited if any. The majority of the Master Planned Residential Precinct has been developed or is already pre-committed. Furthermore, this is the last available Crown owned site for sale in the precinct, and further chances to acquire development sites in this area are unlikely.
Crown Infrastructure Delivery is seeking a purchaser with the necessary track record, expertise and financial capability to acquire the land and provide firm commitment to delivering a high-quality development. 192 Gloucester Street is being offered for sale via Deadline Private Treaty with offers due no later than Thursday 28th August 2025.
For further information on this outstanding development opportunity, contact the sole agent, Cameron Darby.
