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Latest NZ Energy News and Opinion - BusinessDesk
Oct 11, 2024 · Transpower considers closing gas trading platform. Transpower is trying to sell emsTradepoint after buying the platform in 2015. John Anthony 11 Oct 2024. Opinion. Tina Schirr: NZ’s energy sector needs a shock to the system. Tina Schirr 11 Oct 2024.
Du Val Lakewood Plaza entities owe $16.2m | BusinessDesk
4 days ago · An entity behind failed Auckland property developer Du Val’s flagship Lakewood Plaza project has not paid any of the $16.2 million it owes, a liquidators' report shows.The 151-unit Lakewood Plaza was a joint venture between Du Val and Downey Construction.The distinctive Manukau tower was completed in 2020 nearly two years late and the partners have been embroiled in a dispute over the cost ...
Du Val founders seek legal aid | BusinessDesk
Oct 8, 2024 · Charlotte and Kenyon Clarke, the founders of failed property developer Du Val, have applied for legal aid to cover the cost of lawyers representing them in the Financial Markets Authority case against the group.In August, the Government, on the FMA's recommendation, put 70 Du Val entities into statutory management, while the Clarkes personally and their family trust are in receivership.The FMA ...
Auckland airport’s mega-raise: why so much, so soon?
Sep 17, 2024 · Auckland International Airport went to market on Monday morning with one of the largest capital raises of recent times, seeking $1.4 billion.Yet, according to brokers' notes written less than a month ago, when AIA announced its annual result, no such capital raise was judged to be on the cards any time soon and certainly not a raise of this size.Jarden analysts Grant Lowe and Zachary McIntyre ...
Claim over $74m waterfront site as IRD hovers | BusinessDesk
Sep 20, 2024 · The owner of a multimillion-dollar Takapuna property is in receivership amid a wider battle by the Inland Revenue Department to liquidate it and a group of related firms.Lakefront Investments was put into receivership this week by its security holder, Lakeside Nominees, an entity controlled by the wealthy Smale family.The company owns a 2.2-hectare empty site on the shores of Lake Pupuke, next ...
NZ's biggest charities by income revealed | BusinessDesk
May 3, 2022 · Health. Aside from universities, large healthcare institutions are also registered charities. St John (7th) has the largest revenue with $414m last year closely followed by Southern Cross Health Trust (8th) with $403m. Ambulance provider St John is made up of 145 smaller mostly regional organisations. The bulk, approximately 80%, of its ...
Du Val debts $237m: First report shows how far down the list …
Thu, 26 Sep 2024. Du Val investors owed $41 million sit behind $18.6m in debt to unsecured creditors, a tax bill of $7.5m, employees owed $83,000 and $170.7m in secured creditors ranked ahead of them all. The first report of the statutory managers released today withholds the value of assets and liabilities in Du Val property development and ...
New Zealand's Legal News | Business Desk
Oct 16, 2019 · Law & Regulation. Explore the latest legal news by BusinessDesk, covering legal rulings, important court cases, and more. The Wall Street Journal.
New insulation standards not that expensive: Report
Tue, 17 Sep 2024. New home insulation standards are not as costly as the Government has claimed, a report by four building industry organisations says.Building and Construction Minister Chris Penk is considering rolling back the H1 insulation requirements brought in last year, amid reports they add up to $40,000 to the cost of building a house ...