Housing agency paid a ‘retail’ price for the 95ha site, of which about a third is considered developable.
Office assets shone while retail struggled.
Infratil was unable to build on its strong start to investing in purpose-built student accommodation in Australia, so has opted to sell.
Secured creditors are likely to see a shortfall of $15m.
The possibility of lower interest rates might not be enough to halt a market correction, says economist Cameron Bagrie.
Wellington City Council is increasing its commercial property rates.
Property management boss predicts landlords will start cutting costs.
Sometimes it's good to see a positive outcome from the 2017/18 cryptocurrency bubble.
Construction firms that don't innovate are destined to die, experts say.
Win-lose attitude in construction hurting everyone, Jasmax chief executive says.
