Funder wants to open 'Pandora’s box' of building claims

Funder wants to open 'Pandora’s box' of building claims
Victoria Young
The funder of a class action against manufacturers of particular types of combustible cladding is confident in its claim, despite limited council information about how many buildings actually use the product. Late last year, ASX-listed litigation funder IMF Bentham and law firm Russell McVeagh began registering interest in a class action for building owners affected by combustible cladding, a material that garnered publicity because it was used on London’s Grenfell tower where 72 people died when it caught fire in 2017.The case follows an...

More Property

F&P Healthcare one step closer to new Karaka campus
Policy

F&P Healthcare one step closer to new Karaka campus

Auckland Council has approved a request to rezone nearly 90ha going to hearings.

Average home insurance tops $2,000
Infrastructure Risky Business

Average home insurance tops $2,000

Insurance premiums in New Zealand have increased dramatically in recent years.

Michael Neilson 11 Sep 2025
IRD property sector blitz finds $228m in unpaid tax
Property

IRD property sector blitz finds $228m in unpaid tax

IRD uncovered $75m from undeclared income tax and GST from property.

Garth Bray 10 Sep 2025
Investore taps investors to buy Auckland’s Silverdale Centre
Property

Investore taps investors to buy Auckland’s Silverdale Centre

Chair Mike Allen said the acquisition presented a “compelling opportunity”.

Gregor Thompson 08 Sep 2025