In over six decades involving billions of dollars of commercial property investment in over 50 cities and many countries, I’ve sometimes encountered some pretty dumb propositions. But never ever have I seen a commercial property investment proposition more disgracefully ignorant than one currently being flogged to the New Zealand public. Such stupidity is tolerable and sometimes laughable when people do things and they alone pay the price for their blundering. But as this case involves the public and is so blatantly dumb, it needs to be called out.
