Tak Development is owned by the giant Japanese Takenaka Corporation.
It may come with some added insurance costs, and sand sneaking inside, but coastal real estate is still very much in demand in our island nation.
Shareholders meet next month to consider PMG takeover of management contract.
But statutory manager PwC says there’s no wriggle room on buyer agreements despite delays and changes to the development.
Central Otago Lakes again bucks the trend, as prices ramp up by 7%, while the overall market reflected a 'rare balance' of supply and price stability.
Property developer Austen Clarke goes unconditional in an old school neighbourhood in St Heliers, betting on properties valued at more than $16 million.
The Christchurch-based developer has its sights set on Auckland, and also on a public listing.
Most borrowers will need to chat to their bank or mortgage broker in coming months, but will likely save about $4b in the process.
After debt covenant breaches, a forced capital raise, and halted dividends, investors in a Christchurch property are being offered a new management deal.
Tāmaki Regeneration has its sights set on 10,500 new state and shared ownership homes in Auckland's affluent east. It's taken 12 years to get to 2000, while it puts band aids on an existing portfolio of 2500 crumbling bricks and mortar houses.