Farhad Moinfar’s Citadel Capital is hoping to develop the Christchurch heritage building, with $4.9m being raised via a wholesale credit offer.
Andrew Griffiths unveiled the new development one week after his investment vehicle was placed into liquidation.
The latest data from Centrix indicates 18,900 home loan accounts were in arrears.
One project has four lenders, including a fellow Du Val development entity.
The day Uptown Holdings went into liquidation, its director incorporated a new company with a similar name.
Mortgagee sale for 201 Hobson Street, of FE Investments and Basset 43 infamy, was withdrawn this week after a previous purchaser appeared.
Unsecured personal lending arrears up over 9% as tougher economic conditions bite, credit bureau says.
MyPropTech will offer members the chance to get a 15% discount on investment properties, Du Val says.
Customers at the property group's shopping centres spent more than $200m in December alone.
‘You bring a quality product to the market ... there’s always people lining up,’ Bayleys’ Gary Wallace says.