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.
House prices rose 41.6% through the pandemic but are now showing signs of slowing.
Up to 1200 homes and a retirement village planned for the Warkworth site.
Auckland industrial property vacancies are well below 1%.
The penthouse would have been, and could still be, NZ's most expensive dwelling.
Rank Group subsidiary buys up old houses in Mt Wellington.
Majority of properties will go into new NZ unlisted fund.
NZ Hotel Holdings bought QT Auckland for an undisclosed price.
New scheme will shave months off RMA consenting for council-backed consortium.
Kiwi Property sold the land to secure Ikea at its flagship property.