The golf resort, part of the sprawling Pegasus Town development near Woodend, was shuttered this week after a planned $90m sale fell through.
Radisson Red threw open its doors last month, and its timing couldn’t have been better.
The fund manager is buying back a shopping centre from another fund, underwriting the deal and committing to a 5% stake from ‘day one’.
It’s taken five years, litigation and at least two iterations of ‘fast-tracking’ to get Auckland’s most ambitious housing project over the line.
Queenstown purchase sets new per key record while global asset manager signals 'deployment of further global capital' into New Zealand.
Lawyer says sub-contractors on various jobs are ‘queuing up’ for claims against the failed builder.
Investor Craig Priscott is seeking to roll the board of the $115m Provincia Property Fund.
The listed property group has been forced to do an about face on earlier comments that the Mackersy LFR fund had been finalised.
Southern Lakes now account for nearly 80% of sales above the $10 million mark, realtor says.
The KiwiSaver provider’s property offshoot will add another 203 apartments in Mt Albert, taking its build roster to just over 2000 units.