Housing estate developer in receivership
Friday May 2, 2014
Stage one of the intensive housing Springpark estate of 420 dwellings in Mt Wellington has already been sold.
A company developing one of New Zealand’s biggest, most intensive affordable housing estates has been put in receivership. More than 420 apartments and townhouses are planned for the Springpark estate on a 10.5ha site in Auckland’s Mt Wellington and the first stage of the development is expected to be completed next year.