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Hot Topic EARNINGS
Property
3 mins to read

Injunction sought against ‘undervalued’ sale of marine precinct

Deal of the decade as developer fronts with less than half of Tauranga marine asset’s value for the development of a super-yacht ‘refit’ station.

Tauranga’s marine precinct.

Local business owner lawyers will apply for a court injunction on Tuesday against the sale of Tauranga's marine precinct to a private developer, for less than half its $33 million value.

The legal challenge, on the basis that the deal would ‘displace’ about a dozen local businesses, comes after

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Brent Melville Tue, 25 Feb 2025
Contact the Writer: bmelville@nbr.co.nz
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Injunction sought against ‘undervalued’ sale of marine precinct
Property,
107970
true