Huka Lodge sale lands in court

Victoria Young
Tue, 23 Jun 2020

Victoria Young
Tue, 23 Jun 2020
The latest in the battle between businessmen Michael Kidd and Alexander van Heeren has seen the parties return to court over the sale of the exclusive Huka Lodge.In January, the receiver of shares in van Heeren’s Worldwide Leisure agreed a sale of the luxury resort with US private equity firm KSL Capital Partners.The price was not disclosed, but van Heeren had claimed the sale of the lodge would cover the US$25 million he was ordered to pay Kidd in 2015, as part of ongoing litigation between the pair.Today a hearing began before Justice P...
ON THE MONEY: Boag, BNZ, Crimson and more
Victoria Young | Sat, 11 Jul 2020

Professional distancing We’re sure public relations expert and National Party stalwart Michelle Boag has had a few ups and downs in her colourful career, but you know things are rough when one of your...

JEHAN CASINADER: Politicians are the worst advertisement for democracy
Jehan Casinader | Sat, 11 Jul 2020

In Wellington, when it rains, it pours.In recent weeks, there has been a steady stream of political scandals. Blunders, sagas, hiccups and missteps – too many to count.These events remind us why so ma...

BRIAN GAYNOR: Aluminium smelter reaches use by date
Brian Gaynor | Sat, 11 Jul 2020

The negative market reaction to Rio Tinto’s announcement that it was winding down the Tiwai Point aluminium smelter was overdone, particularly for investors with long-term perspectives. The smelter...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.

Sponsored: What’s next for the future of the office?

Think everyone is going to keep working from home? No so fast, says Milford Asset Management.