Three Parks Development Planned For The Future

Three Parks is an exciting new development by Willowridge Developments Limited created to cater for the dynamic growth projected for Wanaka and surrounding Central Otago and Queenstown Lakes Districts. Three Parks development consists of 140 hectares with approx. 1,000 residential sections, Business Park and 40,000m2 of commercial and retail space.

Strong Population Growth 

• Three Parks catchment area has population estimated at 78,000 and projected to grow by at least 30% over the next 10 years.

• Wanaka’s current population is approx. 18,000 (larger than Oamaru) and is projected to grow in excess of 53% during the next 10 years. (QLDC forecast)

Location

• Wanaka is located within 60 minutes of 90% of the 78,000 residents

• Level topography provides all year round access for customers and distribution of services.

Economy

• Wanaka’s economy is underpinned by influential retirees and high net worth residents

• Driven by Tourism and Outdoor pursuits

• Tourism and Outdoor pursuits provide 13,000 visitors on peak days which is forecasted to grow to 21,000 in 10 years. (QLDC forecast)

• Strong construction industry

• Strong demand for residential properties and sections with significant waiting lists for residential developments across the value spectrum.

Retail Market Is Undeveloped

Historically Wanaka is bereft of day to day variety or specialty stores, with retail being based upon hospitality and high end specialty stores constrained to the lake front sector. Three Parks provides the only real opportunity for business to establish their presence in Wanaka and the surrounding catchment.