Pegasus Town facts for kids
Quick facts for kids
Entrance feature at Pegasus Town
|Territorial authority||Waimakariri District|
|Time zone||UTC+12 (NZST)|
|• Summer (DST)||UTC+13 (NZDT)|
Pegasus Town is a new town under construction in the Waimakariri District of Canterbury, New Zealand. Named for the nearby Pegasus Bay, it is adjacent to the town of Woodend and is 25 km north of Christchurch. Once fully constructed, Pegasus will be home to up to 6000 people. The town will have approximately 1700 residential house sites. Retail and office space is located in the centre of the town adjacent to Lake Pegasus
The project ran into financial trouble in late 2012, with the developers going into receivership. Todd Property bought it for an undisclosed sum in December 2012 and undertook infastraucture development to complete the project.
The project was first proposed in 1997 by Southern Capital and is being developed by Infinity Investment Group of Wanaka.
- Mid 2006, major earthworks and site contouring began
- January 2008, first titles to land in the town were issued
- September 2008, first residents moved into the town
- November 2008, showhome village opened
- December 2009, Pegasus Golf & Sports Club, Lake Pegasus
As at May 2016 over 90% of all Pegasus sections have been titled and sold. Over 950 houses have been completed or are currently under construction and the population is now over 2500.
At the heart of the town, Lake Pegasus has become a very popular venue for regional and national sporting events including national triathlons, dragon boat regattas, dive schools and sailing events.
Pegasus Town Facts for Kids. Kiddle Encyclopedia.