Tak Development is owned by the giant Japanese Takenaka Corporation.
The wholesale land syndicator has failed to overturn Auckland Council’s decision, but will appeal court's ruling.
Big box homewares retailer depended on mezzanine finance and the lending breach should have been disclosed, activist alleges.
But an 8% increase in cash earnings is a better measure of performance, the specialist healthcare landlord says.
Financial statements disclose legal action by activist alleging disclosure failures in $35m property syndicate.
Falling property values and higher interest costs take their toll, although banks appear tolerant to date.
The developer has announced it will seek the amount in damages for Kāinga Ora’s failure to fast-track its proposed Sunfield development.
The half-owner of the Kitea hotel project isn’t clear where his $10m investment has gone, court hears.
Developers blindsided as Auckland Council says greenfields developments like South Warkworth should go on hold.
Silverstream Terraces in Crofton Downs has been hit by the tough market, realtor says.