Mark Hotchin's lawsuit over property deal goes to trial

Mark Hotchin's lawsuit over property deal goes to trial
Mark Hotchin. (Image: NZME)
Riley Kennedy
A five-day hearing to consider former Hanover Group co-owner Mark Hotchin's lawsuit over the purchase of a unit within a central Auckland building started on Monday. The case, relating to Hotchin's OHL Limited's $3.5 million purchase in 2018 of a unit at 2 Kitchener St in the city’s CBD from Premier Property Developments (PPD), is being heard this week in the high court at Auckland before Justice Pheroze Jagose.The dispute is about whether the tenancy income on the property had been overstated during the sale. That was conduct...

More Finance

Mercury announces reshuffle at its top table
Finance

Mercury announces reshuffle at its top table

The two new members of the executive team are internal candidates.

Spark outlines more possible asset sales
Finance

Spark outlines more possible asset sales

The Spark board has a calculation to make about dividend reinvestment policy.

Heartland chases shareholder returns
Finance

Heartland chases shareholder returns

Heartland became the first NZ bank to buy an Australian bank in April.

Spark cuts guidance as investor grumbles grow
Finance

Spark cuts guidance as investor grumbles grow

Dividend cuts and asset sales as 'cyclical and structural' issues hit home.

Pattrick Smellie 30 Oct 2024