Nido investors fail in attempt to convert shop into smaller tenancies, mortgagee sale proceeds
28 Apr, 2021 08:50 PM
4 minutes to read
Nido furniture and homewares store in Henderson, now shut for weeks. Photo / Hayden Woodward
Mortgagee PearlFisher Capital has refused an offer to convert west Auckland s failed Nido shop into multiple tenancies to generate money for investors in the $62 million property investment scheme which owns the land and building.
Jodi Tuffin, investor relations manager at Maat Group, which sold sales in Nido landlord Central Park Property Investment, told investors the latest rescue plans did not succeed.
The building was to be leased to smaller operators but the lender had not agreed, she said.
Gold Coast apartment tower podium roof clad in Alpolic panels
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GO NZ: An expert s guide to Christchurch s best buildings
28 Jan, 2021 03:30 AM
4 minutes to read
Turanga, Christchurch s central library, is an anchor project in Cathedral Square. Photo / ChristchurchNZ
NZ Herald
Architectural writer and editor
John Walsh gives his guide to the best buildings to look out for on a walk around Christchurch
All cities are to some extent intentional but Christchurch, far more than most cities, didn t just happen. It was conceived in England, in the middle of the 19th century, as an Anglican settlement centred on a cathedral, bordered by a park and laid out as a rectangular grid of streets awaiting the buildings that would inevitably occur as prosperity caught up with colonial ambition.