Mainzeal
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The Mainzeal Group Ltd is a New Zealand property and construction company. According to its own website, Mainzeal creates about NZ$400 million of assets for its clients per annum and employs some 500 people in the whole of New Zealand. It is owned by Singaporean company Richina Pacific.[1]
[edit] History
It was founded in 1968, as a branch of Mainline Corporation Ltd, an Australian company to develop seven acres of harbor-front land in downtown Auckland, New Zealand as part of the Mainline-Dillingham-Fletcher. Mainline Contractors Pty Ltd was established from this base and in 1969, became Mainline Corporation of New Zealand, a publicly listed New Zealand company, adopting the name Mainzeal Corporation Ltd in 1975.
Recently (2006) Mainzeal has experienced some major financial setbacks, posting large losses associated mainly with the 'Scene One', 'Scene Two' and 'Scene Three' apartment developments in the Auckland CBD and the 12,200-seat Vector Arena in Quay Park, a project still unfinished at the end of 2006. [1]
[edit] References
- ^ a b Mainzeal takes loss on major projects - New Zealand Herald, Thursday 2 March 2006
[edit] External Links
- Mainzeal (Company homepage)
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