A spokesperson for property developer Dean Franklin said liquidation of the building firm did not affect his ongoing projects in the region.
An entity connected to New York-based lender Arena Investors pulled the plug on the 86-home development.
In the worst year for commercial property in at least a decade, 2024 saw the market fall to less than $6b in deals, down from $10b pre-pandemic.
Recession, what recession? Top three apartments priced at a combined $44m as buyers snap up 24 of 30 apartments in the upmarket Albert Street tower.
Supply and demand office imbalance in Wellington CBD, while Auckland tenants start getting picky about eco-credentials.
The company has settled its long-standing debt with the tax department.
Resort continues to fire, while Auckland hotels and tourism operators bank on a big November, as city comes off sedate October.
Farhad Moinfar’s property development firm has spent months trying to cut a deal with Inland Revenue to settle the debt.
IRD applied to have Farhad Moinfar’s property development firm wound up in April, with a court date set down for later this month.
New housing report again paints tough road for younger New Zealanders to buy their own home amid high prices and interest rates.