Farhad Moinfar’s Citadel Capital is hoping to develop the Christchurch heritage building, with $4.9m being raised via a wholesale credit offer.
Liquidators were appointed to the New Zealand owner after the sale.
The decision to sell the properties was made last year.
Six Senses Fiji faced financing issues even before the pandemic killed tourism.
Owner Urban Partners wants to breathe new life into the closed resort.
A "risk of illiquid asset" test will be used when selling large BTR assets.
Decision ‘lifts a burden’ says CDL. Winton says it will appeal.
The bipartisan up-zoning law was passed in a hurry without expert input.
Developer failed to show Environment Court had erred in law, says judge.
Cort says delivering its pipeline of 100 homes will be a ‘big test’.