Māngere Bridge developer faces mortgagee sale over $17.4m loan

The Sullivan Avenue townhouses are currently on the market. Barfoot & Thompson.

Thu, 31 Jul 2025

An Auckland townhouse developer faces the mortgagee sale of its latest project unless the $17.3 million loan on the property is repaid by September 5.Nest or Invest Sullivan developed 15 townhouses on a double site in Sullivan Ave, Māngere Bridge.The completed two-, three-, and four-bedroom homes are being marketed for sale by Barfoot & Thomson.However, on July 23, Cayman Islands-registered lender 1769 Funding issued a Property Law Act (PLA) notice against Nest or Invest Sullivan, saying it was in default on its $17.34m mortgage.If the mort...

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