Receivers have put the boutique Queenstown hotel developed by the late Kevin Carlin up for sale.
But an 8% increase in cash earnings is a better measure of performance, the specialist healthcare landlord says.
Financial statements disclose legal action by activist alleging disclosure failures in $35m property syndicate.
Falling property values and higher interest costs take their toll, although banks appear tolerant to date.
The developer has announced it will seek the amount in damages for Kāinga Ora’s failure to fast-track its proposed Sunfield development.
The half-owner of the Kitea hotel project isn’t clear where his $10m investment has gone, court hears.
Developers blindsided as Auckland Council says greenfields developments like South Warkworth should go on hold.
Silverstream Terraces in Crofton Downs has been hit by the tough market, realtor says.
Website 'under construction' as some projects delayed in slow market.
It’s also calling for new GST law to be repealed before next year.