
105-house Ormiston project frozen: Lawyer's advice for anxious buyers
"Should I be worried?" asked one concerned DDL buyer this week of possible next steps.
"Should I be worried?" asked one concerned DDL buyer this week of possible next steps.
Scale of DDL projects beset by financial difficulties quantified.
Executive aged 38 to be new chief has been with business 16 years, including in Europe.
Receivers issued reassurance saying deposits are held in trust accounts.
Vincent Capital called in receivers Calibre Partners who cited a loan as the reason.
Previously secret briefing papers tell us so much more about what's planned.
"A difference of interpretation over an insurance policy" at heart of litigation
"After 50 or 60 years, these houses are no longer fit for purpose." - Mark Fraser.
All double-glazed aluminium framed windows will have gas pumped inside.
More rent but expenses rise due to tax, more assets under management.
"We are now accumulating a backlog of unfinished houses" - National MP Andrew Bayly
Sylvia Park was the "standout performer" and Ikea plans to open its first NZ store there.
Developments to add 100,000sq m of space, generating a further $21m annual rent.
Experts estimate up to $25,000 could be added to new builds.
Report on large Wellington builder's insolvency makes for tough reading.
Goodman boss John Dakin on $93m land buy for $250m logistics hub.
$17.6m liabilities but just $8.9m in assets and 320 unsecured creditors.
Construction of the 82-unit development is due to be finished in early 2024.
"The liquidators/developer will need to negotiate with the existing subbies" - Herd
Four regions had record numbers of new homes consented, Stats NZ said.
Recruiters are actively looking to coax Kiwis across the ditch.
Plans could take 15 to 20 years to be completed
"It's a reflection of the unstable market. Everyone is busy," says one sector leader.
The Work and Income scheme grants $16,000 over two years to apprentices
'Decision will no doubt be a tough pill to swallow' says builder.
Winton Land has 1500 of 5000 homes consented: plans will proceed on smaller scale.
"We hope that the previous owners got some relief from our purchase" - Creemers
Where five state homes once stood, now 18 state apartments are on the Avondale site.
Homes, apartments, offices, medical centre, childcare, gym, cinema among hub's elements.
Directors understood to have engaged counsel, strenuous defence expected.