SkyCity lawyer: Macquarie double dipping on failed car park deal

SkyCity lawyer: Macquarie double dipping on failed car park deal
A dispute over the failed sale of SkyCity carparks has got a trial date. (Image: Sky City)
Riley Kennedy
The lawyer acting for SkyCity Entertainment says the Macquarie-owned entity set up to buy its car parks is "double dipping" as the two remain in a legal battle over the failed agreement.Now that disagreement over a $52 million difference in the compensation that the casino operator has to pay MPF Parking NZ will head to a two-day trial in September. In April 2019, SkyCity entered into a long-term concession agreement with MPF, owned by Australian investment bank Macquarie, for $220m.Under the deal, MPF had the concession to opera...

More Finance

FMA warns lenders on mortgage fraud
Finance

FMA warns lenders on mortgage fraud

The FMA sees dangers for borrowers if lenders aren't vigilant.

Staff reporters 25 Jul 2025
‘Teflon Man’ Neil Quigley’s next big job
Finance Analysis

Pattrick Smellie: ‘Teflon Man’ Neil Quigley’s next big job

Is the RBNZ lining up a Canadian replacement for Adrian Orr?

Pattrick Smellie 23 Jul 2025
Time ripe to stop forex fees confusion
Finance

Time ripe to stop forex fees confusion

Misleading 'fees free' foreign exchange deals are costing Kiwis.

Pattrick Smellie 22 Jul 2025
BNZ whistleblower wins $500k, fights on
Finance

BNZ whistleblower wins $500k, fights on

 Melissa Bowen had sought more than $3 million after she lost her job at the bank.

Victoria Young 18 Jul 2025