Flax Apartments
Mackelvie Street, Grey Lynn, Auckland
Commencement - Completion - Oct 2008
Construction Value - $6M Development Value - $9M
Flax Apartments comprises 31 apartments in a four storey block with basement parking. Greenstone Group were appointed by the project financier when it became clear that the project would not reach completion before the sunset dates in the sale and purchase agreements. Greenstone Group provided project re-structuring and on-going direction to ensure that the project was completed prior to the sunset date expiry.
Greenstone Group services provided: