Farhad Moinfar’s Citadel Capital is hoping to develop the Christchurch heritage building, with $4.9m being raised via a wholesale credit offer.
The Auckland Council is yet to respond to report on Seascape's basement defects.
His company was earlier involved in National Party donations scandal.
It's wrong to believe that house prices have always risen and will continue to rise, one academic says.
MediaWorks’ cash-strapped owners bank $26m for the six-title listing.
The downside: delays, cost blowouts and liquidations will continue to plague the sector.
The council will lease the Albany building for at least 15 years.
It's the fund's fourth hotel investment through a joint venture.
Big plans for a Christchurch cathedral precinct rely on the NZX-listed hotel operator selling.
A new general manager development has been appointed.