Farhad Moinfar’s Citadel Capital is hoping to develop the Christchurch heritage building, with $4.9m being raised via a wholesale credit offer.
Administrators reveal 773 trade and other unsecured creditors are owed money.
The property trust had been pursuing Australian assets with its manager, NorthWest Healthcare.
Finding insurance for Wellington apartment buildings is proving difficult in the new risk-averse insurance world.
PFI is tooling up to replace long-standing board members.
Australian company Exit Timeshare Now is under attack from the industry.
Michele Kernahan and John Bell exit the company.
Overseas people acquired just 0.6% of homes transferred in the first quarter of 2019.
The company has expressed interest in launching a luxury Queenstown hotel for high-roller customers.
The council is selling to fund more local service centres and save on maintenance.