Opinion

Auckland Council's masterclass in mismanaging asset sales

Damian Light
Tue, 06 Apr 2021

Hoping to plug a massive $1 billion revenue gap, 20 reserves are up for sale including Aberfeldy Park.
Damian Light
Tue, 06 Apr 2021
Asset sales are always a controversial topic, even more so when the asset being sold is a public park. It’s no surprise that emotions will run high when the local park is on the chopping block, so the process must be managed carefully. Unfortunately for Tāmaki Makaurau, Auckland Council has provided us with a masterclass in what not to do. Hoping to plug a massive $1 billion revenue gap, 20 reserves are up for sale and Panuku Development Auckland is the council-controlled organisation (CCO) responsible for managing the proc...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation
CBL’s Mulholland moves to dismiss SFO claims
Victoria Young | Mon, 12 Apr 2021

Charges against former CBL chief financial officer include theft and breaching RBNZ directive restricting transactions over $5 million.

Primary Sector
Synlait CEO Leon Clement makes surprise resignation
Rebecca Howard | Mon, 12 Apr 2021

Clement will stay in the position until the end of April. Co-founder, former chief executive and board member John Penno will take over in an interim capacity on May 1.   

Media
Media legend Bob Dey's final liquidation
Daniel Dunkley | Mon, 12 Apr 2021

The 73-year-old news veteran put down his pen seven months ago after publishing the well-read Bob Dey Property Report for over 20 years.

Partner Content
Highlights from the New Zealand company earnings season

The February earnings season has provided a snapshot of the impact covid-19 has had on different sectors over the last six months and expectations for the year ahead.

Sponsored
Now’s the time to ask hard questions on our future land use

How can we work together to strengthen our economy and support Kiwis to prosper while protecting our natural environment and our climate.