Nine years on and the Onehunga residential towers remain unfinished, with the troubled development in the hands of receivers.
Liquidators were appointed to the modular housing company yesterday afternoon.
Statutory manager says it has ‘discharged’ second-tier mortgages as part of the sale process; not enough to repay lenders and will see Du Val investors out of pocket.
The directors of the modular housing company admit mistakes were made, while numerous customers have been left out of pocket.
In an exit interview with NBR, outgoing Kāinga Ora CEO presents a candid appraisal of the mindset shift necessary to get the state housing agency back on track.
Rickhil Prakash is facing legal proceedings following the collapse of three of his companies, which owe IRD $13.7m in unpaid GST.
Building and construction minister Chris Penk wants to remove ‘last man standing’ scenario where ratepayers foot the bill for home defects.
Listed property group says it will realise $115m for its retail land sales at Drury, as retail season heats up with Auckland’s first Ikea store.
NZ’s largest listed industrial and logistics player says there were some investment and tax benefits to 'corporatising' the fund.
Inland Revenue has advertised applications to wind up eight companies connected to Clint Webber and Jason Dobbie.