A Du Val business valued at $431m? Receiver notes no independent valuation
No external valuation to show one entity was worth $431m, according to new PwC report.
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Latest fromBuilding & Construction
Developer Shundi Customs vs builder China Construction in High Court over $300m Seascape
Dispute follows China Construction winning an August 2 tribunal adjudication.
New house-building business couldn't survive downturn: $8.9m liabilities
KPMG will now go about realising assets in an attempt to repay company debts.
'Improper' Covid cash claim: Ministry takes hotel building contractor to court
Issue over nearly $250,000 in pandemic-era wage subsidies.
'I can rent it to anyone I want': Builder censured for letting tenants live in shed
Board says the Bay of Plenty builder showed a 'disregard for regulation'.
Property Insider: Seascape adjudication decision awards $33m; Carrie Bradshaw index
Developer to pay builder China Construction New Zealand $33m.
'We can't sleep': Couple fear for future, loan on Du Val unit axed
Meanwhile, a decision on media access to court and receivership files has been reserved.
Downed tools leave Auckland's Seascape an empty shell
The Detail: A feud between builder and developer has brought work on Seascape to a halt.
JLL retirement village study: population up, companies adjust growth
Most older people do not live in such villages, even with 53,000 people there now.
Casino doors shut next week: What happens to 700 SkyCity Auckland staff?
Will staff be paid? Will they have to come to work still? Work shifts? What will they do?
Owners say dream shattered after Kāinga Ora buys 35 neighbouring homes
Homes about providing for need, Barrett Homes says.
Home-building trend remains soft, new house consents fall 22%
High interest rates and increased costs drive softness in the new home consent data.
Exploding liability: Fletcher paying $168m for Perth pipe disaster
Iplex will pay 80%, Western Australian Government to pay 20% to help homeowner victims.
Fletcher Building poised for announcement on leaky pipes
After complaints about pipes in Australia, company has been in mediation.
Letters: Cynical state of building houses without sewers; Kiwis’ Am Cup divorce
OPINION: 'Wellington is no longer fit for purpose as New Zealand’s capital.'
The five biggest property sales in 2024 so far – including Sir Peter Jackson’s Lyall Bay deal
Buying and selling activity is continuing apace, despite the sluggish economy.
Nailed it: The Bay's three top building apprentices have been named
Three Tauranga-based apprentices have taken out the top spots.
Green Bay resident fights against new housing development
Green Bay resident Tomasz Malarczyk is challenging a new housing development that plans to install a wastewater pipe through his property. Video / Dean Purcell
Du Val Group: High Court to decide if interim receivership documents can be made public
Judge prepares to hear arguments in Hamilton on Monday.
Labour not sure about calls for politicians to be less political over infrastructure
Chris Bishop wants bipartisanship, other parties say he should look in the mirror.
'Stabilising investment property market' - giant landlord Precinct reports result
Company is progressing further growth in the apartment sector.
$48m spent on Kāinga Ora social housing development, but site still sits empty
Kāinga Ora’s taking another look at the plans due to 'significant cost escalation'.
ICBC: Innovative funding for green infrastructure
ICBC is ‘striving to make greater contributions for a good future’.
Campbell Jensen: We need to get our priorities straight
OPINION: There is a growing list of infrastructure projects in the pipeline.
Property Insider: ‘Wind pressure’ on Seascape; Du Val estimated to owe $250m; new Ikea roof
Deputy Mayor Desley Simpson explains what steps the council will take on the skyscraper.
Biggest deal of 2024: Sir Peter Jackson’s links to $105m Lyall Bay purchase
Filmmaker has plans to build a film museum.
'NZ's biggest Asian supermarket' opening at Westgate
New store is near the giant American-owned Costco Wholesale on Gunton Dr.
Single toilet being installed in Peel St public loos after strengthening work
More work on historic Peel St public toilets to install a single gender-neutral toilet.
Cambodian baker migrants fail to get order to stop BNZ selling Auckland home
BNZ became concerned that it made the loan based on false information presented to it.
Du Val collapse: Questions loom over loans, debt to IRD
Limited Partnership liquidation gives clues to statutory management complexity.
New $200m retirement village announced for Napier
A new 300-unit retirement village has been announced for Napier in a new suburb.
Builder Kiel Rangi keeps licence after skipping out on $70k botch-up
None of the walls were straight and all the weatherboards had been put on wrong.
Sewage trucked away from hundreds of Auckland homes with no proper connection
Summer is potentially going to be really smelly, one homeowner says.
Double awards for Northland builder 'good news' in tough times
Homes in Russell and Langs Beach won awards for Oliver Tuck Construction.