Auckland developer in Kāinga Ora partnership goes bust, Rotorua housing project up in the air

Venture Developments said it wasn’t paid for the work and took Realm Victoria to court.

Realm Victoria claims to be in an “unresolved payment dispute” with Kāinga Ora – but Kāinga Ora maintains Realm Victoria Ltd has not raised any payment disputes.

Realm Victoria shareholders and directors Kerry Hitchcock and his son Alex Hitchcock are connected to a property management company put into liquidation in March.

Four companies directed by Kerry Hitchcock met the same end in recent years.

Realm Victoria Ltd’s deal with Kāinga Ora, which was a private deal not put out for tender, would have seen ownership of the apartments transferred to Kāinga Ora once building work was completed.