Dedicated industrial and logistics investor has 11 Auckland projects in play and a pipeline of investments at about $325m.
The property is the second acquired for the company's tourism fund.
A 2017 judgment dismissing collusion charges against Monarch Real Estate and Lodge Real Estate was successfully appealed.
High Court puts four more of Danny Cancian's companies into liquidation.
Properties sold off but rentals only fell $1.6 million.
High valuations made profits soar.
Two short leases hurt Investore's property value but investment in an existing site saw its total portfolio value rise.
Could directors be jailed for trust breach?
It makes sense to invest public funds in profitable New Zealand ventures rather than passive funds on Wall Street.
Developer Martin Kells did not respond to notices and repeated demands to pay debt.
