Pyne Gould still burning a flame for Torchlight

Pyne Gould still burning a flame for Torchlight
RCL's successful Hanley's Farm development. (Image: BusinessDesk)
Paul McBeth
George Kerr’s Pyne Gould Corp is still keen on the assets held with the Torchlight Fund limited partnership and wants to keep investing in those assets. Pyne Gould’s 83% stake in the Cayman Islands-domiciled Torchlight fund remains the Guernsey-based firm’s biggest asset, but the limited partners have yet to work out what happens to the assets since the fund passed its formal expiry date. Kerr set up the Torchlight fund during the global financial crisis to house bad loans of Pyne Gould’s finance company, so an...

More Property

Leighs opts out of Scott Base build
Infrastructure

Leighs opts out of Scott Base build

The Antarctic contractor is focused on offices, healthcare and apartments.

Oliver Lewis 09 May 2025
Two housing projects snare first fast-track panels
Policy

Two housing projects snare first fast-track panels

Applications opened on Feb 7. Now we have our first panels.

Oliver Lewis 08 May 2025
NZ Super Fund, Russell, Lockwood want to sell $600m+ hotel portfolio
Property

NZ Super Fund, Russell, Lockwood want to sell $600m+ hotel portfolio

The Adina Apartment Hotel Auckland is one of seven properties for sale.

Staff reporters 07 May 2025
Property flipping 'pushing up prices': Valuer
Property

Property flipping 'pushing up prices': Valuer

Rapid trading, sometimes on the same day, is hurting low-income buyers, valuer says.

Maria Slade 07 May 2025