Latest fromCommercial Property

Wattle Park developer liquidated: Kiwibank owed $3.6m, Inland Revenue $1.09m
Project completed in January 2022 but developer blames Covid and the downturn for debts.

Clarkes must front up to interview with PwC: High Court
Clarkes have so far refused to be interviewed by the receivers of many Du Val entities.

Property Insider: Fletcher’s $15m ‘mistake’, debate on granny flat law relaxation
What do people in the sector say about Fletcher Building closing its $15m plant?

‘Dream does not become reality’: Steve Evans on Clever Core failure
'Thanks to all who believed in it like me, worked in it, and supported it.'

‘Emerged from the shadows’: New Auckland brothel Dark Desire
Previous owners cited a downturn in trade as one of the reasons for business liquidation.

Crane numbers down 15% nationally with sharper drop in Auckland
'This is not surprising given the ongoing issues in the market' - Steve Gracey of RLB.

Housing glut: Auckland’s biggest agency has record unsold stock
Some Auckland vendors had begun to expect higher prices, REINZ said of February data.

Du Val saga: How were jewellery, artworks, firearms paid for?
PwC sought court orders for Clarkes to deliver assets or provide information about them.

‘Such big development potential’ - why Queenstown place went for $45.5m
'The price was big because the sale included so much flat land.' - local investor

Not so clever: Fletcher Building’s prefab house-building factory to shut
The $15m factory, which has 35 workers, will close by June 30.

$135m distributed last year by iwi to members
Distributions paid have increased by around 35% in the last five years: Phil Barry, TDB.

Builders of Auckland’s abandoned 57-level Seascape tower win $33m claim
Judge: 'I order Shundi to pay the sum in the statutory demand within five working days.'

Asset values up only $100m since 2022: New report on 10 biggest iwi
Most iwi had positive financial returns in 2024, an improvement on 2023: latest report

Woolworths property sales, Karangahape Rd plans; $1.1b Canadian moves: Property Insider
Woolworths stores in Te Atatū, Westgate and Mt Roskill have all sold recently.

'Slow but complete breakdown': $9.8m real estate agency fight; Cooper company wins big award
Case revolved around protracted dispute between parties over branch established at Albany.

High-rise horror: Owners of wrecked upmarket apartments to walk away
'This really was a situation where the owners are salvaging what they could.'

The thrill of a luge ride: Skyline expanding in six countries
From its first gondola in Queenstown in 1967, Skyline is now a global luge business.

Developer taking $100m Karangahape Rd building plans to Environment Court
Developer hopes the court may hear case this winter and overturn the original decision.

Chris Bishop v Auckland Council commissioners on K Rd rejection: ‘Insanity ... total nonsense’
The plans failed to meet tests under the RMA, the commissioners' report said.

Wynyard Quarter transformation from Flowers Building to Generator Pipiri Lane
Mass timber structure design was picked for its contribution to sustainable development.

Ngāti Tūwharetoa and Taupō District Council move in together
The entities are now under the same roof in He Whare Hono ō Tūwharetoa.