Developer ordered to pay $6.5m in property stoush

Developer ordered to pay $6.5m in property stoush
Neville Mahon must repay his former friend's firm. (Image: NZME)
BusinessDesk staff
A years-long battle over a loan repayment has led to a multimillion-dollar judgment in the High Court at Auckland.In what the court has described as an “ongoing saga”, property developer Neville Mahon has been ordered to pay his former friend Timothy Edney $6.52m plus interest relating to a property deal that turned sour.The ruling, by Justice Marina Wilkinson-Smith, pertains to a loan that Edney’s business, Small, gave Mahon to buy several properties in Māngere, South Auckland, in 2014.The purchase – by M...

More Property

Liquidators flag ‘problems’ with Hart-funded developer
Property

Liquidators flag ‘problems’ with Hart-funded developer

The six-month report said unsecured creditors were facing losses exceeding $2.7 million.

Gregor Thompson 10 Oct 2025
Ryman HY sales down but improving 'more quickly than expected'
Property

Ryman HY sales down but improving 'more quickly than expected'

The retirement firm said it's tracking ahead of its full-year sales guidance.

Staff reporters 09 Oct 2025
Property sector welcomes quake reforms, savings vary
Property

Property sector welcomes quake reforms, savings vary

Kiwi Property says Minister Penk's reform will likely be beneficial to its business.

Gregor Thompson 09 Oct 2025
Bankrupt rugby rep accused of fraud
Property

Bankrupt rugby rep accused of fraud

Building systems company feels ‘betrayed’ by Damian O'Brien.     

Maria Slade 08 Oct 2025