Tak Development is owned by the giant Japanese Takenaka Corporation.
New Zealand’s largest retirement village operator won’t be in a hurry to put any more ‘spades in the ground’.
Independent panel kicks back a contentious council proposal on ‘inclusionary housing’ which would have seen residential developers contribute into a community housing pool.
But Infometrics says it stands by its independence and findings that short term accommodation has ‘little impact’ on rental and real estate markets.
Seismic Shift: Owners should get insurance premium discounts if their homes are more resilient.
Social housing provider relied on outsourced home and land deals for 41% of its new homes last year.
Falling property values, rising interest costs, and rental vacancies create problems for proportionate ownership schemes.
UPDATE: Transaction confirms underlying value for publicly traded retirement village and aged care businesses, analyst says.
Council says it will retain the 999-year encumbrance and wants developer to foot the bill for $200,000 in clean-up costs.
Christ Church Cathedral Reinstatement Ltd chair Mark Stewart on the landmark restoration.