Foreign billionaire blamed lack of due diligence for winery failure
The magnate closed the operation when he realised it would "not be financially viable".
The magnate closed the operation when he realised it would "not be financially viable".
The billionaire wants to build NZ's biggest skyscraper in downtown Auckland.
The vineyard sold in May for $600,000 less than what the company paid for it in 2014.
Clevedon Kawakawa Road Limited made a purchase of land for an overseas investor in 2013.
The land includes a Heritage New Zealand listed World War II gun emplacement.
$64,000 due after Bin Zao failed to gain consent.
Peng Pian admitted he was greedy and has now repaid the victims of his fraud.
Rarotonga resorts are on the brink of collapse and will take a reliant economy with them.
The lawyer has suffered a fall from grace, humiliation and professional ruin.
The investors were forced to sell the properties or risk potential prosecution.
Investigators found the US couple was uncooperative and "not quality investors".
The land bought by Costco is classified as sensitive.
Wealthy US couple had to offload their Waiheke mansion when their plans changed.
A foreign investor's buy-up of sensitive land breached the Overseas Investment Act.
The offending was described as premeditated and deceptive.
Government to have power to block foreign sales of key infrastructure, security assets.
The law change has seen the number of overseas buyers collapse.
Westland farmer creditors owed up to $11 million still on warpath in sale countdown.
Greens minister has approved 99 per cent of foreign applications to buy sensitive land.
Foreign buyers also bought 2 per cent of homes across New Zealand as a whole.
Landowners have grown frustrated by default payments at the resort.
Animal activists delighted the plans for the farm has been scrapped.
Matt Lauer purchased the lease for $13 million last year.
An exclusive waterfront property is back on the market after a foreign buyer withdrew bid.
Lauer land deal was a very good one for New Zealand, says former minister Mark Mitchell
One of Britain's richest men has dropped plans for expanding his business into NZ.
Jericho farm sale to a Kiwi is the result of OIO rule changes, says Minister
In 2017, the incoming Government issued a new ministerial directive letter to the OIO.
A 50 per cent stake in Dominion Salt Limited has been sold to a Hong Kong firm for $36.9m.
The largest deal was the sale of just over 33,550ha of rural land