A spokesperson for property developer Dean Franklin said liquidation of the building firm did not affect his ongoing projects in the region.
Formcrete Construction was placed into liquidation by director Dean Franklin last month, ahead of an attempt by Inland Revenue to have the company wound up.
Connors’ flagship company, Propellor Property Investments, was placed into liquidation at the request of Inland Revenue over unpaid debts.
The troubled Verge development will have a ‘different sort of buyer’ than the brownfields development site next door, Colliers says.
A consortium picked up the 171-unit Auckland portfolio out of statutory management for less than its $35 million valuation.
‘There was a big rush to downsize quickly and now everyone’s coming back, so it could be an interesting few years,’ IWG country manager says.
Willis Bond’s investment offshoot says it’s about a third of the way to getting to the ‘critical mass’ required for a public offer.
George Court apartment owners are facing major bills to repair the heritage building; they’re far from the only ones in this dilemma.
Kiwi Property Group's $220 million punt into the build-to-rent market is now at 88% occupancy, with growth faster than expected and the spinoff benefit being bigger spending at next door's Sylvia Park.
The NZX-listed company saw its market value climb 3.6% to $2.1 billion during the year to March.