Winton Land Delays Northbrook Wynyard Quarter Project; Offers Refund to Pre-Sale Buyers

MT Newswires Live

2024-12-19

Winton Land (NZE:WIN, ASX:WTN) delayed its Northbrook Wynyard Quarter project in Auckland by 12 months due to a "softening construction market," according to a Thursday filing with the Australian and New Zealand bourses.

Existing pre-sale buyers can request a full refund of their deposit plus interest.

The residential land developer said it will turn its focus to fast-tracking its high-end retirement village projects that are underway at Northbrook Arrowtown and Northbrook Wanaka. The latter is set to open in May 2025.

Price (AUD): $1.85, Change: $-0.010, Percent Change: -0.54%

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