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Iconic estate in New Zealand, Arcadia, has been sold
The 257ha sheep and beef farm at Glenorchy, near Lake Wakatipu, in New Zealand has been sold for a multi-million dollar sum. This scenic property in Queenstown is famous as a setting for 100s of TV commercials and films like The Lord of the Rings, Prince Caspian, The X Men and The Hobbit just to name a few.
The farm was used as a filming location for a number of high-profile movies.
The actor Sir Ian McKellen described it as his favourite place on earth. Despite international interest, the property sold to a New Zealand business man who plans to farm it organically, as well as renovating the homestead.
The deal was agreed on the eve of New Zealand’s COVID-19 lockdown, the selling agents said.
“Arcadia actually helped put Queenstown on the map as a tourist Mecca long ago as it was the place wealthy travellers came to stay and relax back in the early 1900s. The name literally means ‘Paradise‘, it has a 1.4km border to Diamond Lake the rest to Mount Aspiring National Park,” said Bas Smith from the Queenstown office of property agents; Ray White.
The property has been farmed for over 80 years by the Veint family. Jim Veint bought the property from his father, Lloyd in 1960.
“At 83 he is as fit as a fiddle, still working the farm, opening all the gates and tending to his stock but he recently accepted that it was time to sell,” Bas Smith said.
Arcadia is located at Glenorchy, near Lake Wakatipu.
The property was being marketed with a price guide from $15m to $20m (€8.3m to €11m). It received four “very competitive offers”. The Queenstown businessman and farmer, one of the first people to view the property, was the successful purchaser.
“He is a collector of iconic New Zealand properties,” Bas Smith said. He added that the previous owner, Jim Veint, has been invited by the new owner to stay around and advise on the new management plan alongside the renovation of the historic 114-year-old house. Veint’s old dog Boe has been invited to stay and live out his days at Arcadia.
The 257ha sheep and beef farm at Glenorchy, near Lake Wakatipu, in New Zealand has been sold for a multi-million dollar sum. This scenic property in Queenstown is famous as a setting for 100s of TV commercials and films like The Lord of the Rings, Prince Caspian, The X Men and The Hobbit just to name a few.
The farm was used as a filming location for a number of high-profile movies.
The actor Sir Ian McKellen described it as his favourite place on earth. Despite international interest, the property sold to a New Zealand business man who plans to farm it organically, as well as renovating the homestead.
The deal was agreed on the eve of New Zealand’s COVID-19 lockdown, the selling agents said.
“Arcadia actually helped put Queenstown on the map as a tourist Mecca long ago as it was the place wealthy travellers came to stay and relax back in the early 1900s. The name literally means ‘Paradise‘, it has a 1.4km border to Diamond Lake the rest to Mount Aspiring National Park,” said Bas Smith from the Queenstown office of property agents; Ray White.
The property has been farmed for over 80 years by the Veint family. Jim Veint bought the property from his father, Lloyd in 1960.
“At 83 he is as fit as a fiddle, still working the farm, opening all the gates and tending to his stock but he recently accepted that it was time to sell,” Bas Smith said.
Arcadia is located at Glenorchy, near Lake Wakatipu.
The property was being marketed with a price guide from $15m to $20m (€8.3m to €11m). It received four “very competitive offers”. The Queenstown businessman and farmer, one of the first people to view the property, was the successful purchaser.
“He is a collector of iconic New Zealand properties,” Bas Smith said. He added that the previous owner, Jim Veint, has been invited by the new owner to stay around and advise on the new management plan alongside the renovation of the historic 114-year-old house. Veint’s old dog Boe has been invited to stay and live out his days at Arcadia.
From Brexit to COVID-19 and Golfgate, with the protests by the Beef Pan Movement and dairy farmers over the derogation cut, the last decade has had its fair share of controversy.
The awards, launched in 1999, are run by Macra in partnership with the IFA and Macra Agricultural Skillnet and aim to raise the profile of young farmers.
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