Winton chair defends Sunfield development after shareholder concerns

Winton chair defends Sunfield development after shareholder concerns
Chris Meehan said Winton did an “enormous amount of due diligence”. (Image: Screenshot)
Gregor Thompson
The chief executive and chair of listed property developer Winton has defended its Sunfield development after a BusinessDesk report raised concerns over its viability.The 5000-home development is planned on a 221-hectare, mostly rural-zoned site at Takanini, northeast of Papakura. The Government selected it as one of 149 projects in the Fast-track Approvals Bill.At Winton’s Thursday online-only annual shareholder meeting (ASM), shareholder David Greive sought assurances on the development.“A BusinessDesk article this week spoke...

More Property

Du Val properties on the block
Property

Du Val properties on the block

Selling the three development sites is the right step, statutory managers say.

Maria Slade 25 Oct 2024
Low interest rates bring property investors out of hibernation
Property

Low interest rates bring property investors out of hibernation

Residential property investors have come out of hibernation now that interest rates are comfortably off their peaks.Investors borrowed nearly $1.4 billion from banks in September – the largest sum for a month since November 2021, when the property market was red hot.Investors bor...

Staff reporters 25 Oct 2024
Seascape developer 'hasn't got the money'
Property

Seascape developer 'hasn't got the money'

Shundi is appealing the $34m award against it over the half-finished tower.

Maria Slade 25 Oct 2024
Podular home owners 'don't have priority': Court
Property

Podular home owners 'don't have priority': Court

Failed builder's customers do not have rights over half-completed tiny homes.

Maria Slade 23 Oct 2024