138,148 and 158 Pegasus Boulevard, Pegasus Hotel & Spa Village development opportunity

Available PropertyFiles:

  • Council Property Files.zip
  • Draft Tender Agreement with Mortgagee Clause.pdf
  • E112B_~1 Urban Design Guidelines.PDF
  • /Encumbrance/
    • 1078395_Guaranteed_Search_Note.pdf
    • 12509607_4.pdf
    • Email re encumbrance from Sams lawyer.docx
  • /IM/
    • IM - Pegasus Super lots 7.11.2025.pdf
  • /Masterplan & Proposed Change/
    • Pegasus Resort_UDG_Indicative Masterplan V2.2.pdf
    • Proposed Change Canterbury Region Policy 2021.pdf
  • /NZTE/
    • Extension_Acceptable Investment Letter Sports & Education Corp Ltd.pdf
  • /Title/
    • C1.1_Pegasus All Titles Map Compressed.pdf
    • Hole 1&2 reconfigure design - Christine Kerr_20240118_162513.pdf
    • Pegasus activity area 5 Village Fringe amendments 22-1-24.pdf
  • /Zone/
    • E112A_~1.PDF
    • E112B_~1.PDF

Property Description

The offering of Lots 138, 148, and 158 Pegasus Boulevard presents an exceptional opportunity to secure three adjoining, prime development sites neighbouring the Pegasus Golf and Sports Club and its 18-hole championship course. Together, the three freehold titles total approximately 5.86 hectares, providing a substantial yet manageable footprint for immediate planning and development.
Under the Partially Operative District Plan 2025, the sites are zoned Special Purpose - Pegasus Resort, enabling a diverse range of uses including hotel and visitor accommodation, as well as tourism, spa, wellness, and hot pool complexes that complement the surrounding resort environment.

Strategically positioned within the high-growth Waimakariri District, the property enjoys seamless integration with the established Pegasus and Ravenswood townships and excellent access to amenities such as Pegasus Lake, local retail, and a primary school.
With its premium location only 22 minutes from Christchurch International Airport and 30 minutes from Christchurch CBD via the Northern Motorway.

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Contact Wayne Keene

Bayleys Real Estate

Bayleys Real Estate Licensed under the REA Act 2008

+64 9 309 6020   +64 21 666 991   wayne.keene@bayleys.co.nz   All Listings

Wayne has 30 years’ experience in Real Estate and almost this entire time has dedicated it to the hotel and tourism industry.
Wayne started his Real Estate career at Bayleys in 1991 selling and leasing industrial property but quickly turned his focus to the hotel sector.

In 2002 Wayne co-founded Resort Brokers, a specialist brokerage company with a total focus in the sale of Hotels Tourism & Leisure. Resort Brokers became the authority in the industry and remained market leaders in New Zealand for the next 18 years.
Wayne and the Resort Brokers team now enjoy an even larger presence in the hotel tourism & leisure industry with market leaders Bayleys having acquired Resort Brokers in 2020 making Bayleys the largest full service real estate company in New Zealand.

Wayne has a substantial database of hotel owners and investors and leverages off the Bayleys Knight Frank relationship with their international hotel team. This delivers so much more opportunity but most importantly gives clients another choice in the sale of their hotel assets and provides a global representation.

Wayne is actively involved in selling nationally and has a comprehensive understanding of current market trends and nuances in the tourism industry. He can best advise you on strategy around the sale or acquisition of assets in the current market in order to achieve the best possible result for your needs.


Contact Jesse Paenga

Whalan and Partners Ltd, Bayleys,

Licensed under the REA Act 2008

027 764 4748   027 764 4748   jesse.paenga@bayleys.co.nz   All Listings

Starting in commercial real estate in 2014, Jesse was driven by a deep-seated passion for property investment and since then, has forged an impressive track record marked by notable achievements such as orchestrating Christchurch’s largest-ever transaction valued at $77 million and securing leases for major central city establishments including Hoyts and H&M all whilst exceeding sales of $300 million.

Armed with a Bachelor of Commerce degree with first-class honours from Otago and Canterbury Universities, Jesse has honed his skills across diverse sectors within the industry. From office and retail leasing to project leasing for prominent CBD retail developments, and from investment sales to capital markets, Jesse's multifaceted background ables him to provide nuanced insights. His keen ability to accurately gauge market rents and assess a property's future lease-ability and value proves invaluable to both vendors and purchasers.

Drawing from his personal experiences as an investor and hands-on involvement in property development, Jesse possesses a unique knack for analysing opportunities from an investor's perspective. His proficiency in uncovering hidden gems within deals, coupled with his adeptness at aligning opportunities with clients' needs and future potential, sets him apart.

Committed to keeping his clients ahead of the curve, Jesse stays ahead of market dynamics and fundamentals, including debt funders' appetites, interest rates, vacancy rates and rental trends. By leveraging these insights and knowledge, he equips his clients with foresight into market movements, ensuring they identify and gain early access to deals.

From his experience in the post-earthquake environment in Christchurch, Jesse considers the most exciting part of property to be the positive impact a new development or refurbishment can have on the cityscape. In his role as Bayleys Director of Capital Markets & Corporate Leasing, Jesse remains dedicated to serving the Christchurch market and the Otago/Southland commercial sector, offering first-hand expertise tailored to his clients' unique needs.

Outside of work Jesse’s young son keeps him busy. He also likes to go to the gym and spend time in the outdoors including hunting.