PremiumAnne GibsonProperty Editor·NZ Herald·3 Sep, 2026 06:10 AM3 mins to read‌Herald property editor Anne Gibson examines TOA Architects' liquidation bid and what it reveals about New Zealand's property downturn. Video / Herald NOW BusinessMulti-award-winning Auckland practice TOA Architects owes creditors about $1.03 million, while founder Nicholas Dalton plans to start a new business.New Zealand Insolvency and Trustee Service’s report out today shows Inland Revenue is owed $811,597, unsecured creditors $186,000 and employees $30,100.

The liquidator identified $10,000 cash in the bank and