PTI NZ facilitates three new investments in Cook Islands

Three new investment opportunities in the picturesque Cook Islands that were listed in Pacific Trade Invest (PTI) New Zealand’s trade and investment listings website Pacific Hub (www.pacifichub.co.nz) have recently found investors.

The Nirvana property is worth $600,000 in investment.

PTI NZ Chief Investment Officer Manuel Valdez shared details of these three projects with Pacific Periscope.

“The three successful investment projects that were listed and promoted on Pacific Hub are all in the tourism and hospitality sector. Nirvana (worth $600,000 of investment), JJ’s Retreat ($715,000), and Tutakimoa Retreat ($445,000) brought in a total of $1.8million (NZ dollars) in to the Cook Islands,” Mr Valdez said.

These properties were in negotiation in the last quarter of 2018 and then finalised in this year’s first quarter.

The Nirvana rental property is a two-bedroom open plan home, just a two-minute walk to the Rarotonga’s spectacular beaches. There is an additional one-bedroom fully self-contained cottage on site. It is located at the southern side of Rarotonga at Avaavaroa in the village of Vaimaanga. The new owner from Australia will enjoy the panoramic plantation and mountain views of Rarotonga. It also features a lovely garden view from a private patio.

JJ’s Retreat is located in Rutaki, also in Rarotonga, is 600 metres inland, quite near one of the nicest beaches on the island. It has two stunning villas, a beautiful tropical garden, including an outdoor pool and renovated two-bedroom house, alongside a relaxing shed. There is plenty of room for more development on the property as it is a large section and has a long 47 years left on the lease. The new Kiwi owners will enjoy their new investment and reap a good harvest of the continuous influx of foreign tourists.

The new owners of the third property, Tutakimoa Retreat, are a New Zealander and a local Cook Islander husband-and-wife team. This was a large rambling homestead built around a beautiful saltwater pool that has undergone extensive renovation that was released on to the market as an upmarket bread-and-breakfast, lodge style accommodation.

PTI NZ’s Investment team and Cook Islands Real Estate Company based in Rarotonga have been communicating regularly in promoting tourism investment projects in the Cook Islands, Mr Valdez said. “After the details of the projects are listed on the Pacific Hub, these are promoted in our database through our Pacific Periscope newsletter that reaches 4000 recipients across the Pacific, Australia and New Zealand.”

Carey Winterflood, Cook Islands Real Estate Managing Director said, “I think that the relationship that Cook Islands Real Estate has with Manuel Valdez, Chief Investment Officer of PTI NZ is one of the leading reasons that we have been so successful over the past couple of years.

“The international reach that you have and the intimate knowledge of our properties, that you assist in advertising on your portal Pacific Hub is a real complement to our business and is a real help in giving our properties a complete and international exposure.”

A number of inquirers on the Pacific Hub come from different parts of the world such as United States, Middle East, Asia, and Western Europe, Mr Valdez said.

For more information and to list investment projects on Pacific Hub email Manuel Valdez, PTI NZ Chief Investment Officer at manuel.v@pacifictradeinvest.co.nz

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