A new $80 million dollar development is designed to cater for ongoing growth and demand at Queenstown’s Five Mile retail and business centre.

 A six-storey complex known as Murchison Tower, on the corner of Five Mile Place and Murchison Road, will incorporate ground floor retail and five floors of premium offices above while an adjoining three-storey 215 space parking building is being developed above the existing carpark to the rear of Woolworths supermarket. 

Construction will start in autumn next year with completion expected by the end of 2027 and Colliers Queenstown is seeking expressions of interest from key retail and office tenants.

Commercial director Mark Simpson says there is strong market-led demand for premium office and retail space which signals confidence in continued growth.

“This will be the best office address in Queenstown while remaining complementary to the existing downtown Queenstown CBD,” he says. “It’s important that the Queenstown CBD retains its vibrancy for the local community and visitors while Frankton grows as a strong location for commerce.”

Queenstown Gateway Five Mile director Craig Greenwood says as the district faces strong growth Five Mile is recognised as the place to do business in the Whakatipu.

“There was absolutely nothing at Five Mile before the Woolworths supermarket opened in 2015,” says Craig. “Ten years down the track our bustling and successful retail and business centre supports and strengthens local businesses providing better amenities for our local community while also creating jobs.”