What John Key's up to: Chow venture in solid shape

What John Key's up to: Chow venture in solid shape
'We need the market to recover where we can get back to pumping out bigger volume' - John Key. (Image: Getty)
Brent Melville
The Chow brothers’ property empire is in “better shape than many” to ride out the downturn and survive what for many developers are crippling finance costs, according to John Key.The former prime minister and his son, Max, entered into a development co-venture with the Chows in February 2022, under their MTK Capital entity. The Hong Kong-born brothers and wider family own volume home builder Stonewood, having amassed their early fortune running Wellington takeaway, strip club and massage parlour operations.The target was...

More Property

Precinct to make a call on fast-tracking Downtown
Property

Precinct to make a call on fast-tracking Downtown

The property developer could apply for fast-tracking, or stick with the traditional route.

Maria Slade 20 Feb 2025
Vital Healthcare dual listing off the agenda, for now
Property

Vital Healthcare dual listing off the agenda, for now

Easing interest rates feed into the medical property investor's improved result.

Maria Slade 20 Feb 2025
Wolfbrook buys Du Val property management business
Property

Wolfbrook buys Du Val property management business

But property owners want the same favourable terms they had under Du Val.

Maria Slade 20 Feb 2025
Infrastructure fund benefits 'oversold' – developer
Infrastructure

Infrastructure fund benefits 'oversold' – developer

Developers outline problems with projects supported by a slow-going fund.

Garth Bray 19 Feb 2025