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.
Manager and lenders agree that a sale process is the 'appropriate step' at this time.
A planned facelift to Michael Hill's The Hills and two ski hill expansions backed by billionaires, make Bishop’s list.
While apparent issues at its Sunfield development site can be overcome with ‘basic engineering,’ CEO says.
Former golf course members are the next in a growing queue of outstanding debt for the failed developer.
The 341-square-metre home, bought for $1.68 million in 2018, had a capital value of $2.19m.
Steel fabricator could be canary in the coalmine as a victim of Seascape tower impasse.
Pallas Capital says construction lending now accounts for more than 10% of its trans-Tasman book after a standing start two years ago.
Shareholders vote to replace their management company amid debt, tenancy crisis.
Financial markets regulator also concerned about assumptions of a high degree of liquidity simply because an investment is listed.