The boutique hotel founded by the late concert pianist Kevin Carlin will continue to trade while receivers seek a buyer.
It’s also calling for new GST law to be repealed before next year.
The company and Catalist have agreed to pause its offer after an error was discovered in its information memorandum.
The company told investors the property it planned to purchase had a resource consent for subdivision when it did not.
The company claims a 38% targeted annual return in its Facebook adverts.
Millennium & Copthorne’s MSocial hotel seen as ‘very valuable property’ next to Eke Panuku and Precinct Properties’ downtown carpark development.
Property experts debate where the dust has settled on the traditional 9-5.
The global real estate firm has officially opened its first office in New Zealand.
Former ‘The Apprentice New Zealand’ boss’s Century City Hotel property went into receivership in March.
Unsecured creditors are owed $21m on the large South Auckland housing development.