After debt covenant breaches, a forced capital raise, and halted dividends, investors in a Christchurch property are being offered a new management deal.
The syndicate property on Christchurch’s Cashel St, where PwC is the anchor tenant.
Property syndicator Maat Consulting is facing another challenge to its management as investment firm PMG pitches for the contract to run a troubled asset in Christchurch.
The Maat-run Cashel Property Investment Ltd, owner of an office building in the city’s Cashel St, was in breach of bank
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
