PremiumPremiumBusinessFour months, still no buyers: PwC trying to sell Du Val propertiesBare land ready for unit development and a multi-level apartment block are still for sale.13 Feb 04:00 PM
PremiumPremiumBusiness'Ripples of backfill' - who's moving Auckland CBD officesMansons TCLM’s completion of the new FNZ Centre had a big impact on tenancies in the city.29 Jan 09:46 PM
PremiumPremiumBusinessAuckland brothel business appoints liquidatorsIt was involved in a dispute with the landlord and indicated a general decline in trade.28 Jan 11:21 PM
PremiumPremiumBusinessApartment developer declares insolvency owing $3.76mUnexpected cost rises, Covid delays, cooling market blamed for development failure.22 Jan 09:25 PM
PremiumPremiumBusinessProperty Insider: 6 big things likely to dominate 2025Seascape, Ikea, some big new buildings and a court drama loom.20 Jan 04:01 PM
PremiumPremiumBanking and financeDu Val entity funnelled $6.7m to 8 affiliates amid $4.6m tax debtThe loans were made to eight Du Val entities and were all unsecured.19 Jan 04:00 PM
PremiumPremiumBusinessLoss of 190 jobs at ProLink, recruiter owes $3.8mMigrants lose jobs at company linked to woman previously jailed over fake birth documents.15 Jan 04:21 AM
PremiumPremiumBusiness‘Full throttle’ - IRD steps up January liquidations for unpaid taxInland Revenue confirmed a busy start to the year with the number of court applications.14 Jan 04:00 PM
PremiumPremiumBusinessLifestyle Magazine Group has $70,000 deficit, NZ Life & Leisure magazine continues with new ownerPrinter Webstar is owed $67,000, trade creditors $28,000; the total owed is $95,000.13 Jan 04:00 PM
PremiumPremiumBusinessDavid Jones reports improving result in 2024 accountsLuxury-brand retailer still made a loss in 2024, but had a small improvement.09 Jan 07:41 PM
PremiumPremiumBusinessWhakaari White Island tour company owes $8.5m, liquidators sayJust $53,000 in assets as liquidators work to sell what they can.07 Jan 10:26 PM
PremiumPremiumAnalysisJane PhareDu Val downfall: From champagne, private jets to receivership and $250m debtIt was a lifestyle of flashy opulence - until the money ran out.30 Dec 11:00 PM
PremiumPremiumBusinessProLink calls in liquidator, 190 laid off a week before Christmas'This is just so sad, just before Christmas' - liquidator Pritesh Patel on ProLink NZ.17 Dec 08:41 PM
PremiumPremiumBusinessNational, local companies are creditors of Rotorua housing projectThe financier wants $28.2m; unsecured creditors are listed as being owed another $167,000.16 Dec 06:33 PM
PremiumPremiumBusinessDu Val court hearing pencilled inJudge this week will be considering PwC’s application for information in the case.15 Dec 09:58 PM
PremiumPremiumPropertyFlorida funder loaned $28.2m to Rotorua housing projectLiquidator expects no loss to customers.15 Dec 08:44 PM
PremiumPremiumBusinessReceivers, liquidator in charge of Rotorua's Mountview Green final stagesReceiver says 22 homes completed, not settled; 20 more in various stages of construction.11 Dec 08:02 PM
PremiumPremiumBusiness'Where's my son's $75,000?': Refund plea in Auckland housing schemeMore than 50 buyers are owed money from the planned development.05 Dec 01:34 AM
PremiumPremiumBusinessAuckland buyers owed $2.03m for homes never built, land not even bought'We need a law change in NZ to protect young, first-time home buyers' - insolvency expert.04 Dec 12:49 AM
PremiumPremiumBusinessDu Val receivers PwC due in court against Charlotte and Kenyon Clarke tomorrowThe case revolves around access to information and PwC escaping paying Remuera home rent.01 Dec 04:00 PM
PremiumPremiumBusiness'I bleed orange but this is awful': Mitre 10 selling properties to repay debt'Sale of several non-strategic property assets [to] re-cycle capital, reduce debt.'29 Nov 12:00 AM
PremiumPremiumBusinessProperty Insider: $244k bill for Gulf Harbour Country Club’s owner; Here comes Santa ClausIt's the most wonderful time of the year, especially when Precinct goes tree generous.25 Nov 04:00 PM
Business$3.3b landlord says dramatic financial turnaround vindicates Sylvia Park strategyChief executive Clive Mackenzie says the results give the company more confidence.24 Nov 08:32 PM
PremiumPremiumBusiness'Burning cash' - insider on Mitre 10's 'horrific' software system upgradeAuditors PwC: Cited disruptions to operations from that IT upgrade.20 Nov 12:02 AM
PremiumPremiumBusiness'Easy sales are not there any more' - liquidator of Chch real estate officeHead office had terminated arrangements with agency for non-payment of fees - liquidator.14 Nov 04:00 PM
BusinessDelay looms for FMA case against Du Vul founders unable to secure lawyerFMA action could be stalled by lack of lawyer but PwC action will proceed as planned.14 Nov 04:33 AM
PremiumPremiumBusinessJones Lang LaSalle fined $5000 for trust account audit breachBreaches occurred inadvertently due to a miscommunication and a change, JLL says.07 Nov 10:09 PM
PremiumPremiumBusinessSkyCity AGM: Shareholder criticism for non-compliance, regulatory actions by authoritiesShareholder said company had been mismanaged and asked about accountability.31 Oct 01:21 AM
New Zealand'I’ve just signed my life away to that woman': Partner's plea for help after changing willThe alterations, made when he had dementia, meant less went to his three daughters.20 Oct 12:00 AM
Banking and financeEye-watering $237m debts run up by failed Du Val, first statutory report reveals'A number of limitations in respect of these financial records' - PwC on Du Val entities.26 Sep 04:28 AM
PremiumPremiumConstructionStonewood Key’s John Chow on house building; Du Val-managed apartments suffer setbacks'Our current focus is on finishing our existing projects': John Chow, Stonewood Key23 Sep 05:00 PM
PremiumPremiumBanking and financeWhy Fletcher Building needs $700m in extra capital'Capital raise keeps the wolves from the door' - analyst Andrew Scott of Morgan Stanley.23 Sep 12:08 AM
PremiumPremiumBanking and finance$3.6m liabilities: PwC report on Sportcraft boating businessesStaff, Inland Revenue and many others are listed as being owed money by the two companies.18 Sep 08:29 PM
PremiumPremiumBanking and financeEleven most important topics before picking a builder: G.J. Gardner chief'In a challenging economy, it pays to ask a few challenging questions.'18 Sep 05:00 PM