Property investor and developer Philip Carter (pictured) continues to expand his family’s stake in Christchurch’s central city.
After opening up the $140 million Crossing in 2017, he has moved to develop other key sites around the same area.
Most recently, he announced the redevelopment of the old Pagoda Court building, after securing a commitment from Kathmandu to build its flagship store.
The store, due to open in the middle of the year, will be at the junction of the two busiest retail streets and opposite The Crossing.
The Colombo and Cashel Sts site had been vacant since the earthquakes that destroyed much of the Christchurch CBD in 2011, and it was bought by Carter Group in 2016.
It is the latest in a string of developments that sees the family’s interests across Christchurch, wider New Zealand and Australia push $500 million.
Philip’s son, Tim, is also behind the company's push to develop a $400 million industrial site at Rolleston. More than 20 sites at IPort, ranging from 800sq m to 1.1ha have been sold or were under contract.
"Rolleston is well on its way to housing a critical mass of logistics-related occupiers with freight links that are among the best in the South Island," Tim Carter recently said.
Photo: Stuff
2018: $250 million