The portfolio juggling comes as Stride agrees to the sale of its Silverdale Centre for $114m to Investore Property, which it manages.
Sidelined contracting firm says ballooning costs for removal of storm damaged homes smacks of council ‘incompetency’.
The firm is now set to ‘weather the storm’, which won’t be the case for other industry players, founder Chris Meehan says.
Early estimate of property group’s debt will ‘undoubtedly change’, statutory manager adds.
Property syndicate manager alleges a lawsuit filed over investor losses has an ulterior motive.
Property investors – in the crosshairs of the Reserve Bank and policymakers for several years – are set to once again become hunters, as Kiwibank calls a 3.25% drop in interest rates.
However, Christ Church Cathedral Reinstatement Ltd isn’t walking away entirely.
Seismic tech firm banking on some of the US$1b budgeted for Californian hospital upgrades.
Residential investment firm had raised millions of dollars in funds from the public and from wholesale investors into its residential offers.
The chair of the in-receivership Du Val Property Group has been linked to a rescue deal by investment firm Cranleigh, to be bankrolled by Ray White.