Changes to retentions

What are the proposed changes? Changes are being mooted to retention arrangements. The Government has announced that a "deemed trust" arrangement is their proposed solution to protect subcontractors from circmustances like those that followed Mainzeal’s collapse. Retention funds won’t need to be held in a separate bank account though so whether the funds are truly…

Whats different about residential property development in 2013?

We are seeing new structures and different property offerings.  Now Government, Council, community organisations, iwi are all active in this space.  The focus is mostly affordable housing – ironically being delivered via complex contract structures with multiple parties involved, probably adding cost to the development process.  But the land is going into and out of…

Congratulations to the Sugartree development team

           Sugartree have secured their development finance and have started the construction of Stage 1 which comprises 148 apartments and 15 retail units together with basement car parking. Stages 2 and 3 include 425 more apartments, more commercial units, carparking and a rooftop garden.  The team at AlexanderDorrington have been working with the Sugartree developers…

Property Scholarship

Congratulations to George Donaldson who is the 2012/2013 winner of our University of Auckland Business School Property Scholarship. For many years we have provided a scholarship for students of the Department of Property at the University of Auckland Business School.  The scholarship is awarded annually to a full-time student enrolled in year 2 or 3…