$23m class action over Victopia apartments gets trial date

$23m class action over Victopia apartments gets trial date
Workers take on repairs at Victopia Apartments. (Image: NZME)
Victoria Young
Liquidators for Brookfield Multiplex Constructions (NZ) are heading to court next year to recover some $23.1 million in insurance for the Victopia apartment block in Auckland’s CBD.Brookfield Multiplex, the builder of several major projects in New Zealand including the Sylvia Park mall, the Nautilus apartments and the North Shore’s Spencer on Bryon, has been in liquidation since 2012.Liquidators Anthony McCullagh and Stephen Lawrence said in their latest report they had filed a claim in New South Wales on behalf of the company.Media...

More Property

The ‘tech bro’ approach to real estate
Property

The ‘tech bro’ approach to real estate

Tokenised property is coming, whether the regulators participate or not, experts say.

Du Val assets to remain frozen: Court
Property

Du Val assets to remain frozen: Court

The judge’s decision is heavily redacted, pending a suppression appeal by the Clarkes.

Maria Slade 22 Jul 2025
The retirement sector pays the piper
Property Analysis

The retirement sector pays the piper

Measuring retirement sector profitability is a tangle. Investors want clarity. 

Gregor Thompson 21 Jul 2025
Supply of new homes misaligned with what buyers want
Property

Supply of new homes misaligned with what buyers want

There is a shortage of homes people love, a new survey finds.

Maria Slade 18 Jul 2025