An Auckland investor has paid $17 million for Queenstown’s Bank of New Zealand building.

The vendor was the family trust of Queenstown tourism operator Mark Quickfall and his wife Jackie, which had owned the Rees St building for at least 13 years.

Bayleys Queenstown sales consultant Chris Campbell, who brokered both this deal and the last one, said it was an exceptional sale given the effects of the global pandemic, and proved investors still had faith in the resort.

Mr Campbell said he approached Mr Quickfall to see if he would be interested in selling, and subsequently secured the buyer.

There had been more interest in commercial property since the Government’s removal of interest deductions on rental property, he said.