But statutory manager PwC says there’s no wriggle room on buyer agreements despite delays and changes to the development.
Two short leases hurt Investore's property value but investment in an existing site saw its total portfolio value rise.
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It makes sense to invest public funds in profitable New Zealand ventures rather than passive funds on Wall Street.
Developer Martin Kells did not respond to notices and repeated demands to pay debt.
Auckland Council wants to hike retail development contributions by 500%.
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The fund is looking to add two industrial properties to its portfolio.
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Australian developer behind Hobsonville Point received consent for a northern Auckland project.