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Nido investors facing losses: lender strikes $46.3m conditional property sale 5 May, 2021 01:00 AM 4 minutes to read NIDO shows off NZ's biggest furniture store, planned to open soon. Julian Bottaro of Nido was filmed in the unfinished project late last year. Video / NIDO NIDO shows off NZ's biggest furniture store, planned to open soon. Julian Bottaro of Nido was filmed in the unfinished project late last year. Video / NIDO Investors in a planned large-scale retail homeware store face losses after the building's conditional sale for $15.7 million came in well short of what was raised to buy ...

Dairy operator Wang Xiujing and the property owner Xu Yang. Photo: RNZ / Liu Chen Smoke, smells and greasy drips constantly bother her tenants, who run a city dairy. The owner has asked for help from everyone she can, including the council and building management, but nothing has changed. For the past two years, Wang Xiujing and her husband have been running a dairy shop on the ground floor of a high-rise building on Hobson Street in central Auckland. With two extractor outlets over the entrance, the upper half of their glass door is covered with black grease and oily marks can be seen on th...

Ray White Their dreams were real, but the owners of this castle project in Waimakariri cannot finish it, so they have listed it for sale. Their castle dream ended after more than a decade of work, but now the owners of this half-completed home in North Canterbury can move ahead with their sale. An auction originally planned for January was put on hold awaiting the supply of an engineer’s report, says listing agent Barbara Redway of Ray White Morris & Co Real Estate. The “as is, where is” property, which has no Code Compliance Certificate or insurance, now has an engineer’s report av...

Robyn Edie/Stuff Invercargill Central Ltd director Scott O’Donnell, pictured here in the old Cambridge Arcade says strengthening earthquake prone buildings comes at a huge cost. The arcade was listed on the priority earthquake prone building register. It was demolished as part of the CBD redevelopment, but care was taken to keep historical facades. The cost of strengthening earthquake prone buildings poses a significant challenge to small-town New Zealand, Invercargill Central Ltd director Scott O’Donnell says. This comes after the Ministry of Business, Innovation and Employment (MBIE) r...

Robyn Edie/Stuff Invercargill Central Ltd director Scott O’Donnell, pictured here in the old Cambridge Arcade says strengthening earthquake prone buildings comes at a huge cost. The arcade was listed on the priority earthquake prone building register. It was demolished as part of the CBD redevelopment, but care was taken to keep historical facades. The cost of strengthening earthquake prone buildings poses a significant challenge to small-town New Zealand, Invercargill Central Ltd director Scott O’Donnell says. This comes after the Ministry of Business, Innovation and Employment (MBIE) r...