Officials move on Richard Yan’s castle

Officials move on Richard Yan’s castle
Officials move on Richard Yan’s 19-century castle in North Otago. (Image: NZME)
Tom Raynel
Former Mainzeal boss Richard Yan's extensive heritage property is being sold following his bankruptcy in New Zealand.The Official Assignee's office has confirmed that Yan is co-operating and that they are considering selling three parcels of land to pay creditors owed in his bankruptcy.According to the Waitaki District Council, one property, previously used in Hollywood productions such as The Lion, the Witch, and the Wardrobe, is worth roughly $3.5 million.It is unclear how much the adjoining two parcels of land Yan owns are worth...

More Property

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs
Property

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs

A developer’s Fair Trading win against Vector feels like a loss.

Garth Bray 01 Jul 2025
Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025
Senior Trust offeror gets a serve from FMA
Property

Senior Trust offeror gets a serve from FMA

Senior Trust has been paying returns with new investor funds and borrowings.

Maria Slade 26 Jun 2025
Du Val build-to-rent properties sold, PwC says
Property

Du Val build-to-rent properties sold, PwC says

The 171 units in May Rd and McKenzie Rd were bought in 2021 for $35m.

Maria Slade 23 Jun 2025