It's not every day that the sale of what appears to be the thick end of a billion dollars of property occurs in New Zealand without anyone really noticing.

Yet that's what happened last week when Todd Property, the property development arm of the publicity-shy billionaire Todd family, sold what looks like at least half of its total land and development portfolio to a consortium of domestic and foreign investors.

Todd Property Group to sell majority of its land development and investment assets
1000-house project scrapped after developer Todd Property gives up fight
Environment Court