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

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news