Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Statement from Receivers of Panama Rd Developments Ltd

22 May 2014

Statement from the Receivers of Panama Road Developments Limited (In Receivership)

Steve Tietjens and Kevin Gillespie, the receivers of Panama Road Developments Limited (In Receivership), can confirm that the receivers have settled the purchase of the land for stage one of the Springpark Development in Mt Wellington.

All pre-purchase deposits paid for homes in stage one of the Springpark Development are secure in a Trust account.

The receivers have worked to secure funding for the land purchase since their appointment on 30 April 2014. If funding had not been found by the agreed date (Monday 12th May), the vendor could have terminated the Sale Agreement and the site for the development would have been lost.

The receivers have engaged Bayleys Real Estate to manage a tender process to find a developer to complete the Springpark Development.

The receivers advise that anyone with questions about their deposit or interest in the development should contact Steve Tietjens via e-mail: Stephen@accrusc.co.nz.

On 30 April 2014, Stephen Rex Tietjens and Kevin James Gillespie of Accru Smith Chilcott Limited were appointed Receivers and Managers of the property of Panama Road Developments Limited by Crown Finance Limited.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news