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19 May 2023 Devonport Flagstaff

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devonportflagstaff.co.nz

FOR MARKETING THAT SEL LLS Linda Simmons 027 459 0957 No.1 BAYLEYS DEVONPORT 2021/2022

A LT O G E T H E R B E T T E R

May 19, 2023

Belmont woken by loudspeaker glitch... p2

Victoria Rd safety plans scaled back... p2

Interview: Ultrarunner Michele Fleischman Dean... p16-17

Firm snaps up Devonport property empire More than 15 commercial properties in Devonport village have been bought by Peninsula Capital, which aims to refurbish them and redevelop the area over the next two decades. The private equity firm – owned primarily by Berridge Spencer, Graham Turley and Mark Hiddleston – had already purchased the

old Devonport Borough Council building at 3 Victoria Rd, with settlement due this week. Hiddleston said negotiations began with major Devonport landlord Vista Linda Ltd a couple of months ago. Peninsula has agreed to buy all Vista Linda’s commercial properties, with settlement at the end of June.

Hiddleston wouldn’t be drawn on the purchase price, but it would easily run into the tens of millions of dollars. The Vista Linda portfolio in Devonport includes: 5 Victoria Rd (the Devonport Public House); 7 Victoria Rd (Focus Dental); 9 Victoria Rd; 13 Victoria Rd To page 4

Trio’s timely tiara tribute

Right royal celebration... (from left) Jackie Brewer, Penny Milne and Angela Cannon at the St Leo’s School high tea to mark the coronation of King Charles. More pictures, pages 14, 15.


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