Dedicated industrial and logistics investor has 11 Auckland projects in play and a pipeline of investments at about $325m.
Nook’s directors blame unpaid client bills for cashflow issues, while 160 creditors have been recorded.
The regulatory watchdog has received six concerns about the failed housing company but says it falls outside its scope.
Nine years on and the Onehunga residential towers remain unfinished, with the troubled development in the hands of receivers.
Liquidators were appointed to the modular housing company yesterday afternoon.
Statutory manager says it has ‘discharged’ second-tier mortgages as part of the sale process; not enough to repay lenders and will see Du Val investors out of pocket.
The directors of the modular housing company admit mistakes were made, while numerous customers have been left out of pocket.
In an exit interview with NBR, outgoing Kāinga Ora CEO presents a candid appraisal of the mindset shift necessary to get the state housing agency back on track.
Rickhil Prakash is facing legal proceedings following the collapse of three of his companies, which owe IRD $13.7m in unpaid GST.
Building and construction minister Chris Penk wants to remove ‘last man standing’ scenario where ratepayers foot the bill for home defects.
