Between them, these ‘Infamous Five’ have managed to destroy almost half a billion dollars from investors and lenders this year.
Pockets of commercial space across the south’s business centres are close to full capacity, in the wake of a resurgent local economy.
Overhaul replaces the New Building Standard ratings system and removes Auckland and Northland from the regime entirely.
Shareholders pass resolution allowing more related party borrowing to fund share redemptions.
Newly finished IHG hotel goes to company controlled by Malaysian infrastructure and investment giant YTL Corp for a ‘near record’ price.
The market regulator’s legal move against Harcourts’ Christchurch stronghold and its global top performer, could create ructions in the sector.
The portfolio juggling comes as Stride agrees to the sale of its Silverdale Centre for $114m to Investore Property, which it manages.
The NBR Rich Lister is taking legal advice on whether it’s the end of the road in his legal battle over key infrastructure at the town centre.
Statutory managers PwC say they’re still not having much luck getting responses from the failed property group’s founders Charlotte and Kenyon Clarke.
The country’s largest golf retailer has lobbed an unsolicited offer into council to save the popular North Shore golf course and upgrade Wairau Valley’s indoor arena.