| 37 T T Aimee Wilson Station Bay in demand A total of 150 sections will be developed over the seven-stage development. Covington Group REGIONAL DEVELOPMENT Covington Group has played a part in Lake Tekapo’s accommodation sector for the past 23 years and its Station Bay subdivision is now helping shape the next chapter of the township’s growth. Situated directly behind the Lakes Edge Holiday Park, which it purchased in the early 2000s, Station Bay offers a range of lifestyle sections, ranging in price from $450,000 to $720,000. The development has been carefully master-planned to make the most of its elevated position and spectacular alpine and lake views. Stage 2 of the residential subdivision launched in early March 2026, and half of the sections have already been sold, highlighting the continued demand for quality property in the region. “The demand’s been really strong. Tekapo is a special part of the country, and it’s certainly on the rise,” Jonathan Speedy of Covington Group says. Lake Tekapo’s reputation as a year-round destination continues to attract buyers seeking both lifestyle and investment opportunities, and many of the sections have been snapped up by investors and holiday-home owners, who are looking for a true taste of the Mackenzie Country – and away from busy nearby tourist areas. That demand has also been reflected in the performance of Station Bay’s short-term rental management company, Station Bay Lodges, with many of the homes within the subdivision delivering strong occupancy levels and Operated by our skilled and knowledgeable sta , we have a comprehensive range of modern plant and equipment to fulfill all your needs. Residential Subdivisions Commercial Developments Demolition Driveways & Landscaping Rock Walls Residential Site & Foundation Preparation P 0800 773 2002 E admin@pse.co.nz W www.pse.co.nz attractive returns for owners when they are not using their property. The success of the accommodation offering has provided further confidence in the long-term appeal of the area and the strength of the Lake Tekapo market. Jonathan says the first stage of the subdivision was launched in 2021 and is mostly sold out now. A total of 150 sections will be developed over the seven-stage development, with the company releasing each stage as the market demands it. The long-term vision for the area also includes the development of a commercial precinct, which will comprise restaurants, cafes and commercial retail to support the Station Bay community and surrounding businesses. Connected to the site are nominated reserve areas linking walking tracks and access to nearby Mount John. South Island contractor, Paul Smith Earthmoving, has carried out all of the bulk earthworks and civil construction for each stage of the subdivision, using the team’s expertise in groundwork infrastructure. Having successfully completed stage 1 of the development, Paul Smith Earthmoving has once again been chosen as the preferred contractor for the earthworks and civil construction for the following stages.
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