Source: Radio New Zealand
The Seascape apartment project in Auckland is at a standstill. RNZ / Ziming Li
The owner and developer of the 187-metre 52-storey Seascape development near Auckland’s waterfront has been put into receivership.
Receivers Brendon Gibson and Neale Jackson of Calibre Partners said the immediate priority was to ensure Shundi Customs’s development continues to remain safe and secure.
Shundi has been unable to restart major construction works since it was ceased on-site in August 2024.
“We will work with the current contractor onsite (Icon Construction) to ensure the development remains safe and secure. Our focus will then move to assessing options that will see funds generated to repay creditors,” Gibson said.
“Seascape is a partially completed development. While we will move as quickly as possible to assess options, it may take some time considering the nature of the asset.”
The receivers will make further statements as the receivership progresses.
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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
