The Kaipātiki local board has decided to retain a strong sports and community element at the AF Thomas Park, although finer details still have to be ironed out.
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.
The Carlaw Park divestment leaves PFI with just one non-industrial asset.
