Between them, these ‘Infamous Five’ have managed to destroy almost half a billion dollars from investors and lenders this year.
Company signals significant construction project deferral under the current build cycle and wants to make sure the cycle’s ‘at the bottom’ before rewarding contracts.
Commercial Bay owner now has $431m worth of ‘build-to-sell’ properties under construction.
Auckland property developer Millbrook West collapsed earlier this year, owing an entity-linked to Arena Investors more than $15m.
Developers filed more than a third more consent applications in January; Auckland Council likely to remain busy until it signs off on its new development contribution rate sheet in May.
Rugby and Pink were the chief drawcards during a year that still saw the ‘national stadium’ post a deficit of $4.8m.
Americans are taking advantage of a favourable exchange rate with NZ.
Mortgage affordability also remains a thorny issue, with buyer demand still limited by meeting level of the market.
Mortgage adviser community slams banking proposals on multiple offers.
Cooper and Company has unveiled three major developments, after 20 years of managing the waterfront precinct.