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

Leighs opts out of Scott Base build
Infrastructure

Leighs opts out of Scott Base build

The Antarctic contractor is focused on offices, healthcare and apartments.

Oliver Lewis 09 May 2025
Two housing projects snare first fast-track panels
Policy

Two housing projects snare first fast-track panels

Applications opened on Feb 7. Now we have our first panels.

Oliver Lewis 08 May 2025
NZ Super Fund, Russell, Lockwood want to sell $600m+ hotel portfolio
Property

NZ Super Fund, Russell, Lockwood want to sell $600m+ hotel portfolio

The Adina Apartment Hotel Auckland is one of seven properties for sale.

Staff reporters 07 May 2025
Property flipping 'pushing up prices': Valuer
Property

Property flipping 'pushing up prices': Valuer

Rapid trading, sometimes on the same day, is hurting low-income buyers, valuer says.

Maria Slade 07 May 2025