Creditors vote to liquidate Gary Groves' Sanctuary

Creditors vote to liquidate Gary Groves' Sanctuary
The 90-unit luxury apartment development, The International.
Victoria Young
The company behind the glamourous The International apartment complex in Auckland’s Princes Street was moved into liquidation at a creditors’ meeting yesterday.Court documents viewed by BusinessDesk show Gary Groves’ company, Sanctuary Developments NO 8, owed $143.9 million at the time it secretly went into administration last year.Groves had taken the old Fonterra office building in Auckland’s CBD and converted it into a 90-unit apartment block.The luxury development is the home of celebrity chef Josh Emmett’s res...

More Property

BNZ looks to economic uptick supporting its full year 2026 outturn
Finance

BNZ looks to economic uptick supporting its full year 2026 outturn

BNZ is the latest bank to cautiously spruik GDP growth in 2026.

BNZ profit dips as economic return proves sluggish
Finance

BNZ profit dips as economic return proves sluggish

Net-interest margin tiptoes higher but total operating income slips. 

Andy Macdonald 06 Nov 2025
Damien Grant scouts funding for court fight with Calibre
Property

Damien Grant scouts funding for court fight with Calibre

Litigation relates to dispute over South Auckland project Ormiston Rise.

Gregor Thompson 05 Nov 2025
Fletcher’s home consenting has tanked: Macquarie
Property

Fletcher’s home consenting has tanked: Macquarie

Building giant’s land sell-off may deepen residential gloom, analysts say.