Bayleys pulls marketing on stalled $85m project

Bayleys pulls marketing on stalled $85m project
Hurry up and wait: Beachcroft still in idle
Brent Melville
Marketers of the troubled Beachcroft Residences, dubbed ‘Fawlty towers’ by prospective buyers, have pulled the pin on all sales efforts and removed it from TradeMe’s property site.  Suzie Wigglesworth, national director and general manager of residential projects at Bayleys Projects, said the realtor was no longer actively promoting the stalled Onehunga project.“At the moment, if somebody said they were interested in purchasing a property, I couldn’t give them a definitive date as to when the building will be...

More Property

Oceania shrinks footprint, prioritises balance sheet
Property

Oceania shrinks footprint, prioritises balance sheet

Oceania has divested four aged care facilities in the space of six months.

Gregor Thompson 22 Nov 2024
Paul Bary lobbies minister over Du Val BTR
Property

Paul Bary lobbies minister over Du Val BTR

Du Val Build To Rent assets could be sold early next year; investor Paul Bary unhappy.

Receivers ask Du Val founders: ‘Where are the assets?’
Property

Receivers ask Du Val founders: ‘Where are the assets?’

Du Val receivers say they have evidence of other assets they want information on.

Maria Slade 21 Nov 2024
Reasonable progress or pass the parcel?
Property

Reasonable progress or pass the parcel?

Opinions split over whether buildings are being earthquake-strengthened fast enough.