devonportflagstaff.co.nz
Old-schOOl extra-mile service and tip-tOp results, time after time Helen Michell 021 210 3228
a lt O G e t h e r B e t t e r
August 25, 2023
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Licensed under the reA Act 2008
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Massive property buy-up in village cost $35 million Peninsula Capital paid $35 million for the Vista Linda commercial-property portfolio, the Flagstaff can confirm. The deal to buy the properties settled on 30 June. All but one are in central Devonport. The properties are: 1-3 Wynyard St, 12 Wynyard St, 5-15 Victoria Rd, 17-19
Victoria Rd, 21 Victoria Rd, 23-25 Victoria Rd, 33 Victoria Rd, 41 Victoria Rd, 43 Victoria Rd, 45 Victoria Rd, 24 Victoria Rd and 19-21 Clarence St, and 8-10 Birkenhead Ave, in Birkenhead. The purchase price is $5 million less than the combined Auckland Council valuation
for the properties of $40 million. Peninsula Capital previously bought the former Devonport Borough Council building at 3 Victoria Rd for $2 million. The company is working towards a longterm plan for its holding and the redevelopment of the Devonport commercial area.
Trio made most of in-tents experience
Seoul survivors... 1st Devonport Scouts (from left) Melissa Busch, Caoimhe Costello and Lucy Collett enjoyed R’n’R in the South Korean capital after an early departure from the World Scout Jamboree, held during a heat wave and shortened due to the approach of a typhoon. Story, page 2.