Company History

In 1995 the forerunner of the company was established to purchase properties in the Queenstown Lake’s District area. The company was founded by four friends who are still involved with the company today. An early newsletter’s stated aim was to build a property portfolio of at least $10 million in the next 5 years in the Central Otago and Southland area. The philosophy then has been followed to this day and that is to buy property that we can add value to eg. Refurbish, facelift, extend, build etc. The Company is a property investor which aims to hold the properties long term.
The assets of the company have grown from the initial $1000 to over $100 million with around 100 tenants.

Current

The Mountaineer was completed in June 2009.

History

October 2008
Malaghan House, a joint venture with the Wakatipu Senior Citizens Association, completed
January 2005
Outside Sports Building Completed
September 2004
Unit A of 27 Shotover Street purchased.
February 2004
Kopuwai Investments formed and Steamer Wharf purchased
January 2004
Westwood Group Holdings Limited incorporated as a holding company for The Mountaineer Limited , Kopuwai Investments Limited and Invincible Investments interests
January 2004
Work commences on 36-38 Shotover Street (Outside Sports Building)
November 2003
Completed the Junction at Cnr Gorge Road and Robins Road
August 2003
Purchased 36-38 Shotover Street as a development site.
January 2003
The Mountaineer Limited formed and the Mountaineer building purchased.
July 2002
Formed Wimbledon Investments Limited which purchased 50 Gorge Road neighbouring The Junction
June 2002
Formed Coronet Property Investments Limited and purchased development site at Cnr Gorge Road and Robins Road. Commenced the development of The Junction
September 2000
Wakatipu Property Investments Limited formed to purchase Units B,C and D of 27 Shotover Street
February 2000
Eastmain Investments changed to Invincible Investments Limited which became a holding company for various building syndicates
December 1999
Formed Kawarau Park Investments Limited and purchased property at Margaret Place, Queenstown
December 1998
Formed Lampton Investments Limited and purchased 45 Camp Street
1998
Purchased GWD’s Building, Invercargill
1996
Purchased 61 Industrial Place, Queenstown
1995
1870m2 site purchased in Wanaka under Dunmore Investments Limited
March 1995
Eastmain Investments Limited Established