The corporation is being urged by investors in a leaky west Auckland apartment block, rented by Housing New Zealand, to buy them out.

As claimed by the investors, the corporation was actively involved in the design and construction of the building in 2004. So, they are responsible for solving the structural problems.

Adrian Chitty, a body-corporate committee member, said that he purchased an apartment "since it came with a 10-year lease to Housing New Zealand and it looked like a rock-solid investment."

The building apart from being leaky now, also has toxic mould and structural problems that will cost millions of dollars to fix.

Housing New Zealand says: "Our involvement has been to lease the 32 units from private owners and it does not accept liability for the problems."