Court finds developer misled Hong Kong lender over Epsom Central apartments

Court finds developer misled Hong Kong lender over Epsom Central apartments
The building in Auckland's Epsom was half-completed. (Image: Colliers)
Riley Kennedy
A Hong Kong investment company has gone to court alleging elusive property developer Shane Zhou was misleading after it lent his Sky Stone Group roughly $4.7 million for its abandoned apartments.Zhou, who also went by the name Xin, was behind the six-storey apartment development in the Auckland suburb of Epsom, which sat abandoned for nearly four years until receivers were appointed and a mortgagee sale was conducted last year.As BusinessDesk previously reported, Epsom Central Apartments LP (ECAL) was set up to run the development with Sky Ston...

More Law & Regulation

Wikeley loses again in Owen Glenn stoush
Law & Regulation

Wikeley loses again in Owen Glenn stoush

Supreme Court says fraud findings can’t be relitigated.

Victoria Young 04 Jul 2025
The business born battling Vector connection contracts
Property

The business born battling Vector connection contracts

'Pretty on the nose': Developers challenge Vector's hefty fees.

Garth Bray 04 Jul 2025
Eric Watson gearing up for more court action
Law & Regulation

Eric Watson gearing up for more court action

Watson says he would continue to stand firmly on his position. 

Denise McNabb 03 Jul 2025