NZ: Irish billionaire loses Wanaka land case

[Green_Bear]

A dispute over a proposed subdivision near Wanaka involving an Irish billionaire and one of New Zealand’s richest men went to the Supreme Court and the billionaire lost.

The court today dismissed Eamon Cleary’s property company leave to appeal a Court of Appeal decision upholding a covenant restricting the subdivision of prime land on the bank of the Clutha river.

Big River Paradise, associated with NBR Rich Lister Mr Cleary, wanted to create 52 leasehold properties on the north bank of the river.

But fellow Rich Lister and 1980s high flier Robin Congreve, whose family trust owns land on the south bank, was able to enforce the covenant restricting subdivision to no more than three properties with one house on each.

Big Paradise applied to the Supreme Court after the Court of Appeal dismissed an appeal and upheld the High Court’s decision that the proposed subdivision would breach the covenant.

Irish billionaire loses Wanaka land case
nbr.co.nz/article/irish-bill … case-33064

[geckko]

@Green Bear

A dispute over a proposed subdivision near Wanaka involving an Irish billionaire and one of New Zealand’s richest men went to the Supreme Court and the billionaire lost.

The court today dismissed Eamon Cleary’s property company leave to appeal a Court of Appeal decision upholding a covenant restricting the subdivision of prime land on the bank of the Clutha river.

Big River Paradise, associated with NBR Rich Lister Mr Cleary, wanted to create 52 leasehold properties on the north bank of the river.

But fellow Rich Lister and 1980s high flier Robin Congreve, whose family trust owns land on the south bank, was able to enforce the covenant restricting subdivision to no more than three properties with one house on each.

Big Paradise applied to the Supreme Court after the Court of Appeal dismissed an appeal and upheld the High Court’s decision that the proposed subdivision would breach the covenant.

Irish billionaire loses Wanaka land case

nbr.co.nz/article/irish-bill … case-33064

Might this have been a potential candidate for Ireland’s most remote ghost estate?