By BERNARD ORSMAN
New Zealand's richest man, Doug Myers, is selling his Remuera mansion. It is expected to fetch more than $10 million.
Mr Myers, who cashed up most of his Lion Nathan shares for $473 million in 1999, is understood to have bought a house in the fashionable London suburb of Chelsea.
In a brief interview with the Weekend Herald yesterday, Mr Myers said that now that his youngest child had left home, the house was too big for himself, his wife, Barbara, and his stepson.
The house in Victoria Ave is tipped to be the first property in New Zealand to sell for $10 million.
Last October, the beer baron sold his share of a Tahitian island, which had been a holiday getaway for the Myers family, to an anonymous San Diego resident in a $US3 million ($6.8 million) deal.
Mr Myers, chairman of Lion Nathan, indicated he was not following the likes of Sir Michael Fay, David Richwhite and Allan Gibbs and quitting New Zealand altogether.
Instead, he is putting some of his considerable fortune into New Zealand education. The new School of Creative and Performing Arts at Auckland University has been partly funded by Mr Myers and is named after his late father, Sir Kenneth Myers.
He has also created two educational scholarships. One pays for a seventh-form student to study at Cambridge University for up to four years, the other allows two teachers a year from King's College to study at top universities overseas.
Mr Myers will keep one foot in the New Zealand property market with his Matauri Bay property in Northland.
Myers' $10m house sale
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