A spokesperson for property developer Dean Franklin said liquidation of the building firm did not affect his ongoing projects in the region.
Waterstone Insolvency has been appointed as liquidators to a Christchurch company to investigate a property transaction that took place more than a decade ago.
It may come with some added insurance costs, and sand sneaking inside, but coastal real estate is still very much in demand in our island nation.
Shareholders meet next month to consider PMG takeover of management contract.
But statutory manager PwC says there’s no wriggle room on buyer agreements despite delays and changes to the development.
Central Otago Lakes again bucks the trend, as prices ramp up by 7%, while the overall market reflected a 'rare balance' of supply and price stability.
Property developer Austen Clarke goes unconditional in an old school neighbourhood in St Heliers, betting on properties valued at more than $16 million.
The Christchurch-based developer has its sights set on Auckland, and also on a public listing.
Most borrowers will need to chat to their bank or mortgage broker in coming months, but will likely save about $4b in the process.
After debt covenant breaches, a forced capital raise, and halted dividends, investors in a Christchurch property are being offered a new management deal.