Listed property group's portfolio slips below $2 billion on lower capitalisation rates, and on the back of exposure to government tenants.
Applicant has abandoned liquidation proceedings after delays to the hearing process.
Though Government remains quiet on whether it is considering a central model for the short-term accommodation sector.
Sale seen as part of a shift into mixed-use, retail and build-to-rent portfolio.
Just over a third of residential builders have a forward book extending to six months.
Beleaguered property investment firm has left a trail of financial loss in its wake.
Receivers have put the boutique Queenstown hotel developed by the late Kevin Carlin up for sale.
Property group’s founders omitted key details about a falling out with their former friend and company CTO so they could gain an order freezing his assets, the court says.
Property developer Andrew McIntosh’s attempts to delay explaining what happened to $10m ‘speaks for itself’, judge says.
Its lender is being ‘difficult’ but it is optimistic funds will come through, the property group’s CEO tells unpaid contractors.