‘Unintended consequences’ for major builders make remodeling the foreign buyer ban an imperative for offshore investment, the industry says.
Under investigation by the FMA, the lender ceases operations and moves to realise its loan book.
‘Flooding the market’ with imports could overwhelm the system, industry federation says.
Vacancies could force the new managers of a former Maat syndicate to offer its building for sale.
The Calder Stewart-backed fund is said to be on the acquisition trail, while investing in one of the country’s largest solar retrofits across its 20 properties.
Building and Construction Minister has 60 working days to decide whether to act on the claim.
Fund manager aiming for 6.5% annual return from its new Veritas property fund, focused on ‘export aligned’ assets, including from Mr Apple.
Destruction of value has seen multiple buyers unable to finance their purchases, while the statutory managers hold firm on original pricing.
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.