• Home
  • News
  • World
  • Business
  • Politics
  • Tech
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Travel
  • More
    • Web stories
    • Trending
    • Press Release

Subscribe to Updates

Get the latest USA News and updates directly to your inbox.

What's On
Iran hangs alleged Israeli spy, leans into anti-Western bluster as it tries to quell deadly protests

Iran hangs alleged Israeli spy, leans into anti-Western bluster as it tries to quell deadly protests

January 7, 2026
Kate Middleton Ditched Classic Black Loafers for This Trendy Alternative — Get the Look

Kate Middleton Ditched Classic Black Loafers for This Trendy Alternative — Get the Look

January 7, 2026
Backlash erupts after city council appoints police review board member with murder conviction

Backlash erupts after city council appoints police review board member with murder conviction

January 7, 2026
Zama Magudulela Will Join THE LION KING Tour as Rafiki

Zama Magudulela Will Join THE LION KING Tour as Rafiki

January 7, 2026
George Conway looks dramatically different in campaign announcement video

George Conway looks dramatically different in campaign announcement video

January 7, 2026
Facebook X (Twitter) Instagram
Just In
  • Iran hangs alleged Israeli spy, leans into anti-Western bluster as it tries to quell deadly protests
  • Kate Middleton Ditched Classic Black Loafers for This Trendy Alternative — Get the Look
  • Backlash erupts after city council appoints police review board member with murder conviction
  • Zama Magudulela Will Join THE LION KING Tour as Rafiki
  • George Conway looks dramatically different in campaign announcement video
  • Trump to meet with oil executives about Venezuela on Friday
  • Trump tells NFL teams to ‘hire John Harbaugh, fast’ after Ravens firing decision
  • Semi-truck crash spills corn on 10 Freeway in San Bernardino
  • Privacy Policy
  • Advertise
  • Contact
US Times MirrorUS Times Mirror
Newsletter
  • Home
  • News
  • World
  • Business
  • Politics
  • Tech
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Travel
  • More
    • Web stories
    • Trending
    • Press Release
 Weather Login
US Times MirrorUS Times Mirror
Home » New Zealand billionaires Mat and Nick Mowbray buy up beachfront Malibu lots destroyed in Palisades Fire
News

New Zealand billionaires Mat and Nick Mowbray buy up beachfront Malibu lots destroyed in Palisades Fire

staffstaffJanuary 5, 20261 ViewsNo Comments
Facebook Twitter WhatsApp Telegram Pinterest Email
New Zealand billionaires Mat and Nick Mowbray buy up beachfront Malibu lots destroyed in Palisades Fire

MALIBU, Calif. () — One year after the Palisades Fire, the devastation in Malibu and lack of progress is shocking. Only 22 building permits have been issued.

For perspective, the city of Los Angeles has issued more than 1,300 permits in Pacific Palisades. Over 700 homes were destroyed in Malibu – 300 of them were beachfront properties along Pacific Coast Highway.

Malibu City Councilman Steve Uhring is worried wealthy developers will come in and combine lots, building 20,000-square-foot homes, a second or third home for someone and not homes for permanent residents.

“It’s gotta be a community that has a group of homeowners who live here, who are invested in the community, who participate in what goes on in the community, and that’s what will make us a good city again,” Uhring said.

So it’s no surprise longtime Malibu residents like Uhring have concerns about what New Zealand billionaire brothers Mat and Nick Mowbray are up to. They’ve purchased 16 beachfront lots where they plan to build 16 prefab homes that are constructed at their company’s factory in China and shipped here.

“What’s unique with our system, it’s a fire-safe system. Walls are made out of AAC, which is a very lightweight concrete that has high insulated values, and the ceiling, the roofs are made of concrete,” said Marcel Fontijn, the director of operations at Zuru Tech, the Mowbray’s company.

The Mowbray brothers have spent summers in Malibu and their team says it’s a community they love, a community they want to rebuild.

The prefab homes are luxury high-end homes that will all look different and can be produced in four to six weeks. The price of the homes will depend on the real estate market once they’re complete. Because of the difficulties in building in Malibu with septic systems, a sea wall and all the site preparation needed before construction, the Mowbrays believe their company, Zuru Tech, is best suited for this project.

“Our plan was to build one home that was used by the Mowbrays, but after we bought the first lot, we had many public inquiries if we were interested in buying additional lots,” Fontijn said. “We don’t want to go through a California Coastal Commission to build very large mansions. We want to truly rebuild what was here before.”

The plan is to have the first two homes complete by the end of 2027 and have all 16 homes done by 2029.

“I think as we get further down the line, everybody’s gonna realize the boys from New Zealand are billionaires, they’re in it to make money. I think whether this plan they got right now is the one that’s gonna make them money, whether there will be a revised plan down the road, my crystal ball’s not good enough to tell you how that’s going to work out,” Uhring said.

At a Malibu City Council meeting last month, Uhring proposed the city institute a maximum allowable square footage rule for beachfront properties, but it was voted down. There’s already a cap on how big your home can be in Malibu if you’re not on the beach.

“Our attention is not of stealing their land or commercializing Malibu,” Fontijn said. “We truly want to return Malibu to what it can be, hopefully a better version of its past self.”

© 2026 Television,

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram WhatsApp Email

Related News

Iran hangs alleged Israeli spy, leans into anti-Western bluster as it tries to quell deadly protests

Iran hangs alleged Israeli spy, leans into anti-Western bluster as it tries to quell deadly protests

Backlash erupts after city council appoints police review board member with murder conviction

Backlash erupts after city council appoints police review board member with murder conviction

Semi-truck crash spills corn on 10 Freeway in San Bernardino

Semi-truck crash spills corn on 10 Freeway in San Bernardino

Chicago teacher disappears, husband pleads for help finding her

Chicago teacher disappears, husband pleads for help finding her

Nick Reiner to be arraigned in the murders of parents Rob Reiner and Michele Singer Reiner

Nick Reiner to be arraigned in the murders of parents Rob Reiner and Michele Singer Reiner

Man drops engagement ring from 118-foot bridge during proposal, but there’s a happy ending

Man drops engagement ring from 118-foot bridge during proposal, but there’s a happy ending

HHS freezes  billion in child-care funding for 5 Democratic states, including California, alleging fraudulent programs

HHS freezes $10 billion in child-care funding for 5 Democratic states, including California, alleging fraudulent programs

Congress holds hearing into Minnesota fraud allegations and more top headlines

Congress holds hearing into Minnesota fraud allegations and more top headlines

Trump’s Venezuela strategy draws scrutiny from Congress as Maduro sits in jail

Trump’s Venezuela strategy draws scrutiny from Congress as Maduro sits in jail

Add A Comment

Leave A Reply Cancel Reply

Latest News

Review: Record Shares of Voters Turned Out for 2020 election

Review: Record Shares of Voters Turned Out for 2020 election

January 11, 2021
EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

January 11, 2021
World’s Most Advanced Oil Rig Commissioned at ONGC Well

World’s Most Advanced Oil Rig Commissioned at ONGC Well

January 11, 2021
Melbourne: All Refugees Held in Hotel Detention to be Released

Melbourne: All Refugees Held in Hotel Detention to be Released

January 11, 2021

Subscribe to News

Get the latest USA News and updates directly to your inbox.

Editor's Picks
Review: Record Shares of Voters Turned Out for 2020 election

Review: Record Shares of Voters Turned Out for 2020 election

January 11, 2021
EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

January 11, 2021
World’s Most Advanced Oil Rig Commissioned at ONGC Well

World’s Most Advanced Oil Rig Commissioned at ONGC Well

January 11, 2021
Facebook X (Twitter) Pinterest WhatsApp TikTok Instagram
2026 © US Times Mirror. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?