Farhad Moinfar’s Citadel Capital is hoping to develop the Christchurch heritage building, with $4.9m being raised via a wholesale credit offer.
High yields trump bureaucratic hurdles, CBRE research head says.
Significant property revaluations follow investor demand.
A construction accord is being worked on.
It is understood Arrow's troubles stem from a $4.2m quarrel in the Building Disputes Tribunal.
Construction firm goes into voluntary administration.
As residential property demand continues, CBRE sees potential for a real estate asset class.
The company's first transtasman move since appointing its former chief operating officer to head Australian operations.
Augusta wants to add five properties to the syndicate through a $105m offer.
The equity raise will reduce gearing ahead of significant development spend.