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

Cloudfunding: what next for Auckland events centre
Policy

Cloudfunding: what next for Auckland events centre

The Crown offered to sell The Cloud for $1, BusinessDesk understands.

First residential housing fast-track consent granted
Policy

First residential housing fast-track consent granted

The Maitahi Village project in Nelson will supply about 374 residential units.

Gregor Thompson 18 Sep 2025
Developer Profico Group in liquidation
Property

Developer Profico Group in liquidation

Profico Group developed in both Christchurch and Auckland.

Gregor Thompson 18 Sep 2025
Du Val accountant censured and fined
Property

Du Val accountant censured and fined

Nicola Adam acted on instruction from Kenyon Clarke and minority shareholders.

Maria Slade 17 Sep 2025