\u201cThe receivers\u2019 immediate priority is ensuring the development continues to remain safe and secure,\u201d Gibson and Jackson said.<\/p>\n
The Seascape apartment project. Photo \/ RNZ, Ziming Li<\/p>\n
Shundi has been unable to restart major construction works since they ceased on-site<\/a> in August 2024, they said.<\/p>\n \u201cWe will work with the current contractor onsite, Icon Construction, to ensure the development remains safe and secure,\u201d Gibson said today.<\/p>\n \u201cOur focus will then move to assessing options that will see funds generated to repay creditors. Seascape is a partially completed development. While we will move as quickly as possible to assess options, it may take some time considering the nature of the asset.\u201d<\/p>\n Related company Shundi Tamaki Village owns a former Auckland University campus in Glen Innes.<\/p>\n Jackson said that would be sold.<\/p>\n \u201cWe are likely to start a marketing campaign soon for Shundi Tamaki Village\u2019s assets. Tenants and other users of the site should not expect any disruption while the sale process is running.\u201d<\/p>\n The receivers will make further statements as the receivership progresses.<\/p>\n Shundi Customs directors are Huojun (Harrison) Shao, Yi Shao and Lijuan Zhu, all of Customs St in the CBD. <\/p>\n Last month, one of the world\u2019s biggest builders, China Construction, applied to liquidate<\/a> Shundi Tamaki Village.<\/p>\n That company and Shundi Customs are both 76% owned by Shundi Group Investment and share a director: Harrison (Huojun) Shao.<\/p>\n They both use the accountants Gilligan Sheppard.<\/p>\n China Construction has chased Shundi Customs over a $33 million debt for the long-stalled, partly-built 56-level Seascape apartments in downtown Auckland.<\/p>\n Chinese developer Shundi was not only building the downtown tower on Customs St but also bought land in St Johns from the University of Auckland, where it had its T\u0101maki campus.<\/p>\n However, Harrison Shao was defending Shundi last month, saying it would fight the legal action.<\/p>\n Shundi will defend China Construction NZ\u2019s application to put Shundi T\u0101maki Village into liquidation, if required. However, with the settlement fund being agreed to be paid in China, Shundi expects the matter to be resolved prior to the hearing, Shao said.<\/p>\n \u201cThe parties each have residual obligations to fulfil to close out prior to the hearing, but these have largely been resolved, pending final payment.\u201d<\/p>\n A comment has been sought from Shao today about the receiverships.<\/p>\n Jillie Clarke of Shundi said all questions should now be directed to the receivers.<\/p>\nSeascape, the 183m tall apartment skyscraper, dominates Auckland’s skyline. Photo \/ Jason Oxenham<\/p>\n
Plans by Shundi T\u0101maki Village for the land it bought from the University of Auckland. Image \/ Herald sponsored content<\/p>\n
The towering Seascape apartment construciton site in May 2024. Photo \/ Jason Oxenham<\/p>\n
Harrison Shao of Shundi Customs, which is developing the huge new Seascape tower in downtown Auckland.<\/p>\n
Seascape tower on Customs St, Auckland, pictured from a neighbouring building. Photo \/ Sylvie Whinray<\/p>\n
Frank Xu (Shundi Customs), James Sheriff (Icon), Harrison Shao (Shundi) and Dan Bosher (Icon) at an event to market the tower. Photo \/ Mala Photography<\/p>\n