Lakefront Investments liquidated by IRD over $1.3m tax bill

Lakefront Investments liquidated by IRD over $1.3m tax bill
Lakefront Investments' empty site on the shores of Lake Pupuke has a CV of $74m.
Maria Slade
The Inland Revenue Department has succeeded in liquidating the owner of a multimillion-dollar Takapuna property over a $1.3m tax bill.Lakefront Investments is a Haven-related company and part of a wider battle by IRD to recover unpaid taxes.The company owns a 2.2-hectare empty site on the shores of Lake Pupuke, next to North Shore Hospital. The property’s 2021 Auckland Council valuation was $74m.Lakefront Investments is already in receivership.Its security holder is Lakeside Nominees, an entity controlled by the wealthy Smale family, whic...

More Property

Private building consent body offers competition
Property

Private building consent body offers competition

The country's first independent consenting authority is targeting group builders.

Analysts eye upside in property sector as values stabilise
Property

Analysts eye upside in property sector as values stabilise

On average, listed property companies are trading at a 22% discount to NTA.

Stuff/TradeMe go head to head with NZME
Property

Stuff/TradeMe go head to head with NZME

The marriage of online advertising portals with news producers continues.

Pattrick Smellie 03 Jun 2025
Argosy signals succession plan
Property

Argosy signals succession plan

Argosy Property has signalled its management and governance succession plan.The listed property company told the market on Tuesday that directors Chris Gudgeon and Mike Pohio will not stand for re-election at the coming annual general meeting (AGM) in July. The firm also said tha...

Gregor Thompson 03 Jun 2025