In March 2017, it was reported that New Zealand’s richest man, Graeme Hart, had purchased a stunning six-bedroom home in Queenstown for $24 million. The property, which covers an area of 746 square metres and includes a 144 square metre day spa and a 91 square metre implements shed, is located at the exclusive Closeburn Station, which is 11km from Queenstown.
Hart, who is reportedly worth $13.5 billion according to Forbes Magazine, purchased the property through his Rank Group PA company. However, Hart has declined to comment on the purchase.
The house was built for the family trust of Brisbane businessman Denis Mackenzie, who founded IT company CSG Ltd. The property was completed in December 2015, after a 12-month build by local builder Triple Star. The property was designed by prominent Auckland architect Lawrence Sumich.
The sale of the property marks the first eight-figure residential property deal in Queenstown, which is a popular destination for wealthy individuals looking for exclusive holiday homes. Queenstown has become increasingly popular with high net worth individuals in recent years, with a number of high-end properties being built in the area.
According to reports, Hart’s new Queenstown property is just one of the many big-ticket toys he has accumulated in recent years. Last July’s National Business Review Rich List, which rated him as New Zealand’s richest man, stated that he had recently launched two mega-yachts worth over $100 million each in Norway. One of the yachts had been listed for sale at $266 million.
In addition to his new Queenstown property and the mega-yachts, Hart reportedly owns a $45 million family home in Auckland, as well as two homes in Aspen, Colorado.
The property at Closeburn Station was sold to Hart by Arrowtown-based Luxury Real Estate NZ agent Terry Spice, who had also brokered the Australian family’s purchase of the site in 2012. At the time, the $2.85 million price tag made it Queenstown’s most expensive ever section.
According to the resource consent application, the house at Closeburn Station has five chimney stacks, formal avenues of exotic and native trees between the buildings, a sculpture garden including a 26 square metre loggia between the main dwelling and the spa building, and a driveway about 180 metres long. The spa building includes a gym, relaxation area, indoor and outdoor spa, sauna and bathroom.
According to Sumich’s website, the client “wished for a resort-style retreat to share the beauty of Queenstown with his family and friends.” Sumich said the challenge, architecturally, was to provide the number of rooms required without overpowering the sensitivity of the site that is perched above the 12 Mile Delta.
Denis Mackenzie, who sold the property to Hart, is a well-known businessman in Australia and New Zealand. He founded CSG Ltd, which is a leading provider of print and technology solutions in Australia and New Zealand. The company was established in 1994 and listed on the Australian Securities Exchange in 2007.
Under Mackenzie’s leadership, CSG Ltd grew to become a significant player in the industry, with offices across Australia and New Zealand. The company also expanded into other areas, including document management and IT services.
Denis Mackenzie stepped down as CEO of CSG Ltd in 2011, but remained on the board as a non-executive director.
Despite this setback, Mackenzie has continued to be involved in the business world. He is a director of a number of companies, including North Energy Pty Ltd and Minderoo Group Pty Ltd.
Denis Mackenzie is an Executive Director at ROKI Collection, a full-time position he has held since July 2019. ROKI Collection is based in Queenstown, Otago, New Zealand. In addition, he is also a Director at Lynden Investment Group Pty Ltd, a family investment company with interests in property development and investments in Brisbane, Darwin, and Queenstown. Denis has been with Lynden Investment Group since 1996.
Also formerly Denis Mackenzie CSG IT Software
Denis holds a BCom (Hons) degree from The University of Queensland and completed his education at St Peters Lutheran College in Brisbane. His skills include strategy and corporate finance, among others, and he has received several endorsements for these skills.
Denis Mackenzie is connected to 156 people in the Greater Brisbane Area, and he has 159 followers on the platform. His recent activity on the platform is not available, and his recent posts and comments would be displayed in the “Activity” section. He is also interested in following top voices, companies, newsletters, and schools on LinkedIn. One of the people he follows is Ray Dalio, the Founder, CIO Mentor, and Member of the Bridgewater Board, who has over 2.6 million followers on the platform.