Los Angeles, CA (PRWEB) October 22, 2004
Strata Development Group, LLC. (ÂSDGÂ), a real estate development and investment company based in Los Angeles, today announced its New Zealand subsidiary, Strata Development Group NZ Limited, has purchased 10 adjoining lots at the exclusive Jacks Point resort in Queenstown, New Zealand for an undisclosed sum.
SDG specializes in high-end, ultra-luxurious residential and hotel developments in select international locations. ÂThe Sanctuary, Jacks PointÂ will feature spacious and luxurious apartment homes designed to capture Jacks PointÂs dramatic panorama. Potentially worth in excess of $1 billon on completion, Jacks Point will include a championship golf course, private residential estate, luxury hotel, vineyards and wine production facilities, equestrian center, marina, residents club, and a resort village. Less than five percent of the 1000 acre location will be used for residential development.
ÂThis acquisition is a fundamental step in our investment strategyÂ says SDG Chief Executive Officer Jason M. Neal, a seasoned entrepreneur with more than 15 years real estate experience in New Zealand and the United States. ÂJacks Point is a very unique location which compliments our focus on high-end developmentsÂ.
Ten minutes drive from Queenstown, New Zealand Â appropriately known as Âthe adventure capital of the worldÂ, Jacks Point is situated on the shores of Lake Wakatipu and surrounded by some of the worldÂs most magnificent mountain scenery.
ÂThe site features uninterrupted 360 degree views that are nothing less than breathtakingÂ says Neal. ÂJacks Point is an unrivaled location for golf enthusiasts and those seeking a tranquil lifestyleÂ.
SDG is already underway with the design of its first New Zealand development. With an emphasis on privacy and security, the brief includes media rooms and wine cellars, fitness and spa facilities, a vanishing edge pool, subterranean parking, and an expansive atrium overlooking the championship golf course.
ÂJacks Point is the type of opportunity that doesnÂt come around too oftenÂ says Andy J. Funk, who serves SDG as Managing Partner. ÂWe are thrilled to play a role in making the Jacks Point vision a reality, and look forward to the future opportunities this location offersÂ.
About Strata Development Group
Strata Development Group is a joint venture between Washington, D.C. based JumpStart Capital, a wholly-owned subsidiary of JumpStart Ventures, and Funk Ventures Real Properties, the real estate division of Los Angeles-based private equity firm Funk Ventures. SDG specializes in high-end, ultra-luxurious residential and hotel developments in select international locations.
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