Developer avoids liquidation for now

Developer avoids liquidation for now
Longevity Construction owes Mitre 10 $153,000. (Image: Dean Purcell)
Maria Slade
A bid to liquidate the construction company of a troubled Auckland developer has been put off until May as the firm claims it can come up with a compromise to pay its debts.There was no dispute Longevity Construction owed firewall manufacturer Korok Building Systems $50,000, “we just need more time”, the company’s lawyer, Daniel Grove, told the High Court at Auckland on Friday.Building supplies merchant Mitre 10 is also owed $153,000 and supports Korok’s application to liquidate Longevity.The founder and sole direct...

More Property

Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Senior Trust offeror gets a serve from FMA
Property

Senior Trust offeror gets a serve from FMA

Senior Trust has been paying returns with new investor funds and borrowings.

Maria Slade 26 Jun 2025
Du Val build-to-rent properties sold, PwC says
Property

Du Val build-to-rent properties sold, PwC says

The 171 units in May Rd and McKenzie Rd were bought in 2021 for $35m.

Maria Slade 23 Jun 2025
Auckland's multibillion-dollar midtown moment
Economy

Auckland's multibillion-dollar midtown moment

Auckland's midtown area is the target of several multibillion-dollar investments.