SkyCity lawyer: Macquarie double dipping on failed car park deal

SkyCity lawyer: Macquarie double dipping on failed car park deal
A dispute over the failed sale of SkyCity carparks has got a trial date. (Image: Sky City)
Riley Kennedy
The lawyer acting for SkyCity Entertainment says the Macquarie-owned entity set up to buy its car parks is "double dipping" as the two remain in a legal battle over the failed agreement.Now that disagreement over a $52 million difference in the compensation that the casino operator has to pay MPF Parking NZ will head to a two-day trial in September. In April 2019, SkyCity entered into a long-term concession agreement with MPF, owned by Australian investment bank Macquarie, for $220m.Under the deal, MPF had the concession to opera...

More Finance

Forsyth Barr buys Hobson Wealth for undisclosed sum
Finance

Forsyth Barr buys Hobson Wealth for undisclosed sum

A deal has been rumoured for several weeks now. 

Kiwibank introduces Apple Pay ... finally
Finance Free

Kiwibank introduces Apple Pay ... finally

Bank boss says Kiwibank customers want to add their Kiwibank cards to Apple Pay.

PwC retains largest auditor market share
Finance Auditing the Auditors

PwC retains largest auditor market share

PwC has most major clients in NZX50 as fees continue to creep up.