Kirk’s bidder misses second deadline

Last updated 14:05 03/12/2012

Relevant offers

National business

Surge in 10-year passport applications expected Westfield malls in Lower Hutt and Hamilton to be rebranded after sale Nutella rejects personalised jar for five-year-old girl named Isis Seven condoms, 21 orgasms? A German court has ruled no The Facts of Life: The changing shape of Kiwis Health drink SOS Hydration seeks to raise $2.3m in crowdfunding campaign AFT Pharmaceuticals NZX and ASX listing to fund growth Stalled rebuild projects threaten upper South Island tourist industry Christchurch woman breaks tooth biting on 'screw inside Snickers bar' Speculation about Islington venison works decision premature - Silver Fern Farms

The yet-to-be-named potential buyer of a downtown Wellington retail and office building has missed its second due diligence deadline, according to seller Kirkcaldie & Stains.

The company, which operates the iconic Wellington department store and a property company which manages its real estate assets, announced in late October it had entered into a conditional agreement to sell its Harbour City Centre.

The deal was contingent on the bidder completing the due diligence process by mid-November, which was extended until the end of last week.

In statement filed with the NZX today, Kirkcaldie announced that deadline had come and gone without receiving confirmation that this condition has been satisfied, but stressed the conditional contract remains in place.

No further details on the deal, its value or who the bidder is were disclosed due to mutual obligations of confidentiality between the parties.

Ad Feedback



Special offers

Featured Promotions

Sponsored Content