Small window in apartment development

Small_window_in_apartmentPro​jects not yet un​der way could strug​gle come sale time according to an article by Cather​ine Har​ris for the Sunday Star Times on 30 Nov 2014.
Read the full article here or read more of Marcus Beveridge’s comments on development in the Auckland CBD in his recent commentary here.
The Sunday Star Times goes on to suggest fresh for​eign in​vest​ment in Auck​land can​not help but have an im​pact on New Zealand’s con​struc​tion sec​tor.
The article goes on to quote Marcus
….ac​cord​ing to a lead​ing cor​po​rate lawyer in Auck​land. Mar​cus Bev​eridge of Queen City Law says peo​ple would be ‘‘stag​gered’’ by the amount of money gen​er​ated from Auck​land com​mer​cial prop​erty sales to largely main​land Chi​nese in​vestors in the last year.
He es​ti​mates that in the last year, about $600 mil​lion worth of in​ner-city de​vel​op​ment sites have changed hands or are in the process of do​ing so, with many of the deals not yet pub​lic.
Bev​eridge, who works with many of the pur​chasers, said his con​cern was not the ori​gin of the in​vestors but the pres​sures that such an in​flux of work might have.
If you have a development project on the books and want legal advice from an award winning team get in touch with QCL
 IMG_7137To find out more about Marcus click here. Queen City Law have also recently won Construction Law Firm of the year 2014, for more details read this report of the Acquisition International Construction Awards 2014.

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If you require any further information in relation to property development or any other property related matters including leaky building representation or agency work, please do not hesitate to contact us.

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