The $80 billion NZ Super Fund and co-investors Russell Group and Lockwood assembled the country's third largest hotel portfolio over the past five years.
Du Val fund manager calls for an 11th hour meeting with its build-to-rent investors as its main lender looks set to pull loan.
High rates continue to eat into unlisted property investment returns, with funds opting to sell down portfolios.
Listed property group's portfolio slips below $2 billion on lower capitalisation rates, and on the back of exposure to government tenants.
Applicant has abandoned liquidation proceedings after delays to the hearing process.
Though Government remains quiet on whether it is considering a central model for the short-term accommodation sector.
Sale seen as part of a shift into mixed-use, retail and build-to-rent portfolio.
Just over a third of residential builders have a forward book extending to six months.
Beleaguered property investment firm has left a trail of financial loss in its wake.
Receivers have put the boutique Queenstown hotel developed by the late Kevin Carlin up for sale.