One of the largest and most heavily indebted property syndicates run by Maat Consulting has cancelled dividends and is looking to raise equity as rising interest rates put pressure on costs.
The move comes as Forsyth Barr estimates half of 24 syndicates analysed could be under pressure with debt
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
