This building in Queenstown’s CBD, home to Plunket Queenstown, sold for $3.05 million at auction yesterday, more than $2m under its capital valuation. PHOTO: FILESQueenstown's Plunket building is in new hands. After a 10-minute pause, the bidding war eventually began, in which the price rose from $2.6m to the eventual sale price, via phone, of $3.05m. The vendor at that time was Plunket’s national body, and that sale price was also below the CV. The 531sq m property, containing a 240sq m building, is still home to Plunket Queenstown.

Source: Otago Daily Times February 25, 2026 16:02 UTC