A meeting to vote on a scheme of arrangement between GFF and its creditors has been adjourned until December 15, says Nigel Milton of accounting firm BDO Auckland.
Creditors of the building firm met on Monday to vote on a proposal to hold off placing the firm in liquidation in return for an offered payout. Mr Milton said the meeting lasted nearly three hours but the decision was adjourned.
David Drew of GFF said creditors wanted to wait until the sale of No 1 Hobson St went unconditional before they voted on the offer.
Bovis 'moving up'
Bovis Lend Lease is moving its Auckland offices into the city's newest skyscraper.
Both Bovis Lend Lease Consulting (now in the Tower Centre) and Bovis Lend Lease (Feltex Centre) are moving upmarket.
From November 20, they will be enjoying the views from level 16 of the Royal & SunAlliance Centre in Shortland St.
'Space race'
Colliers Jardine has launched the "space race," a specialised portfolio of high-tech buildings for owner occupation or lease.
Warehouse, manufacturing and distribution buildings are included, from Penrose, Mt Wellington, Manukau and the airport.
Charles Cooper, industrial director for Colliers, said the supply of such properties at the upper end of the market was limited and the market for design-build properties was the strongest it had been for more than 10 years.
In the lion's den
Finance Minister Michael Cullen will open the inaugural Property Institute conference in Wellington on Friday.
The institute found that 76 per cent of survey respondents said the Labour Government "does not understand key issues facing the construction and property sector."
<i>Property shorts:</i> Creditors waiting
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