Tak Development is owned by the giant Japanese Takenaka Corporation.
Some $30 million is being sought to take on Ikea.
New owners say it will create jobs and regional economic development.
Some 249 unsecured creditors lodged their claims.
Vital says it has had “significant” discussions about participation in the acquisition but hasn’t yet reached an agreement.
NorthWest management wants to acquire Australian property assets from the sale – whether it can make that happen is yet to be seen.
Auckland councillor Greg Sayers wrote a book saying the housing problem can be fixed by freeing up more land but not everyone agrees.
The Waimahia housing development has transformed 16ha of green pasture at Weymouth.
The Lower Hutt property was contaminated with asbestos.
KiwiBuild has become a policy in search of a policy justification.