The northern headland of New Chum Beach in Wainuiototo Bay has been purchased by a
collaboration of groups supporting a bid by the "New Zealand Coastal Trust" and will remain undeveloped.
The 30ha property was sold by tender by Colliers on behalf of receivers appointed by the
Bank of New Zealand after the former owner, Galt Nominees, itself owned by businessman
George Kerr, defaulted on a mortgage.
"This is a great day for all who love this wonderful, beautiful and iconic place," said Linda
Cholmondeley Smith of Preserve New Chum for Everyone Inc.
"In under four weeks we have managed to raise the funds to purchase the 30ha of the
northern headland at New Chum/ Wainuiototo and protect it forever. We cannot thank
enough the many people across the country and overseas, who contributed."
"Thanks to the wonderful public support including via a Give A Little page, support from our partner groups and the local community, we were able to back an unconditional offer of $2.15 million bid made by the New Zealand Coastal Trust, which is a registered charity.