Key said it wasn’t just about him, and there are many other electricians, plumbers and subcontractors caught in the same situation. Earlier this week Key asked his Instagram followers if he should release a “tell-all” on the situation. Shareholders appointed liquidators to Auckland's Teak Construction on March 2. “Teak has put itself in liquidation after fighting subcontractors for months in court and adjudications over ... withholding of retentions and other sums due. “We’ve cut the ribbon on more than 500 successful builds, from commercial projects, to government, remedial and residential works.”Victopia Apartments is one of the projects Teak Construction Group was working on before the liquidation.

Source: New Zealand Herald March 12, 2026 10:09 UTC