Housing agency paid a ‘retail’ price for the 95ha site, of which about a third is considered developable.
While apparent issues at its Sunfield development site can be overcome with ‘basic engineering,’ CEO says.
Former golf course members are the next in a growing queue of outstanding debt for the failed developer.
The 341-square-metre home, bought for $1.68 million in 2018, had a capital value of $2.19m.
Steel fabricator could be canary in the coalmine as a victim of Seascape tower impasse.
Pallas Capital says construction lending now accounts for more than 10% of its trans-Tasman book after a standing start two years ago.
Shareholders vote to replace their management company amid debt, tenancy crisis.
Financial markets regulator also concerned about assumptions of a high degree of liquidity simply because an investment is listed.
Owners of Tauranga office property have called a special meeting over concern about the future of their investment.
Conversion specialist says New Zealand’s second biggest city has a more ‘favourable attitude’ towards getting developments across the line than Auckland.
