Winton Land (NZE:WIN, ASX:WTN) delayed its Northbrook Wynyard Quarter project in Auckland by 12 months due to a "softening construction market," according to a Thursday filing with the Australian and New Zealand bourses.
Existing pre-sale buyers can request a full refund of their deposit plus interest.
The residential land developer said it will turn its focus to fast-tracking its high-end retirement village projects that are underway at Northbrook Arrowtown and Northbrook Wanaka. The latter is set to open in May 2025.
Price (AUD): $1.85, Change: $-0.010, Percent Change: -0.54%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.