DNZ's Westgate two plans opposed by former landowner

Sun, 21 Dec 2014

By Suze Metherell Dec. 22 (BusinessDesk) - DNZ Property Fund's plans to further expand its Westgate Mall into land opposite the site are being opposed by former landowner Westgate Town Centre Limited, which disputed the listed property investor's right to the development. The Auckland-based property investor wants to add a 7,000 square metre development of retail, dining and office space, for an initial cost of $30 million, on land opposite its $155 million Westgate Mall development, it said in a statement. Under the 2013 agreement to acq...

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