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

FNZ employee shareholders revolt over latest capital raise
Finance Exclusive

FNZ employee shareholders revolt over latest capital raise

Long-standing employees believe new raise halves their holdings.

Washington plans to open private funds to more investors
Finance

Washington plans to open private funds to more investors

 Momentum builds to change rules blocking most Americans from investing in private equity.

NZME board spill attempt - opponents near 40%
Finance

NZME board spill attempt - opponents near 40%

The bid is currently just under 11% short of the necessary numbers to succeed.

Pattrick Smellie 06 Mar 2025
Adrian Orr stands up Ben Bernanke
Finance

Adrian Orr stands up Ben Bernanke

The former Fed chair is in NZ for the central bank's marquee conference this week.

Pattrick Smellie 06 Mar 2025