Property on city’s rural/urban fringe is worth less than it was thanks to council’s change of heart on future development, agents say.
A mysterious woman known only as ‘Sharon’ is contacting winning builders offering them features in a rival magazine.
Latest filing shows property syndicate needs urgent $8.4m after missing bank payment demands in June and August.
Development will create 330 homes for rent.
The wholesale land syndicator has failed to overturn Auckland Council’s decision, but will appeal court's ruling.
Big box homewares retailer depended on mezzanine finance and the lending breach should have been disclosed, activist alleges.
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.