Farhad Moinfar’s Citadel Capital is hoping to develop the Christchurch heritage building, with $4.9m being raised via a wholesale credit offer.
It's the fund's second venture with the NBR Rich List Russell Family.
But a critic calls the Auckland Council report “arithmetical gymnastics.”
Other OIO decisions for January include a $426m packaging business sale.
The trust has conditionally purchased three Australian aged care assets for $60.1m.
The property company thinks many of its Auckland properties are still under-rented.
The planned luxury hotel needs international business to be viable.
Mould, damaged steel and façade damage mean hosting Apec is ‘highly unlikely.’
Auckland will join a network of WeWork’s 740 worldwide locations.
The trust must start another care facility or give almost half of Smith & Caughey's away.