Under investigation by the FMA, the lender ceases operations and moves to realise its loan book.
City’s sudden room overcapacity and an improving lending environment make it attractive to offshore buyers, but hoteliers say city needs to firm up a strategy to attract major events.
Building and Construction Minister wants a single point of contact for builders, use of specialist inspectors and will take a look at the liability issue to remove 'risk averse' approach.
The 100-year-old building has been shuttered since last March, after it failed a seismic assessment.
CBRE survey shows public sector workers are back at their desks, while Aucklanders still more likely to be found out of office during work hours.
Report shows almost 90,000 units at build or planning stage across country’s top 200 builders, as market holds out for a delayed recovery.
The firm’s first foray into industrial property has paid dividends, as developers snap up $130m worth of development land.
Report highlights bricks and mortar as country’s biggest economic contributor, although makes up only 3.3% of KiwiSaver retirement savings portfolio.
NBR understands the bank will roll over its loan in the Du Val build-to-rent fund, with the proviso that Du Val is no longer involved in any capacity.
Developer of waterfront development has locked the project manager and builder out, citing ‘non-performance’ and budget overruns.
