With more than four decades of construction industry experience, Stuart Roberts believes Nook Homes breached its own contract conditions.
Stronger retail performance means improved income and less abatements.
The Malaysian government-backed developer purchased the Auckland CBD land from the council for $40m.
It has invested an undisclosed amount in the Whitby Lakes Retirement Village.
Property company’s CFO ‘frustrated’ by Internal Affairs’ punishing approach.
Operating income was up 8.5% despite pandemic related costs.
The money will be used to pay down debt ahead of major Auckland office developments.
The company posted a full-year profit of $113.5 million.
The Bay of Plenty-based property syndicator sold the stake for $17.5m.
Profit fell 11% in what the property developer called a creditable result in a difficult year.
