CP Group consortium has pushed its way back into the top tier of NZ’s most expensive hotel properties.
The Bay of Plenty property developer says key issues have failed to be addressed.
Private plan change marks end of ‘painstaking’ three-year regulatory journey for Perry Group.
The rights issue and $127.5m development will be put to a shareholder vote.
It's the fund's second venture with the NBR Rich List Russell Family.
But a critic calls the Auckland Council report “arithmetical gymnastics.”
Other OIO decisions for January include a $426m packaging business sale.
The trust has conditionally purchased three Australian aged care assets for $60.1m.
The property company thinks many of its Auckland properties are still under-rented.
The planned luxury hotel needs international business to be viable.