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The International apartments' creditor claims hit $125m - Vimarsana News

The International apartments' creditor claims hit $125m

The International apartments' creditor claims hit $125m 14 May, 2021 12:00 AM 5 minutes to read Gary Groves from the Sanctuary Group is developing the 90-unit project called The International on Princess Street. / Dean Purcell Gary Groves from the Sanctuary Group is developing the 90-unit project called The International on Princess Street. / Dean Purcell A new report on the company behind Gary Groves' $250 million The International apartment project in Auckland shows total creditor claims are $125.2m although they were much higher until unit sales reduced part of the debts....

Property developer Neville Mahon fights bankruptcy application - Vimarsana News

Property developer Neville Mahon fights bankruptcy application

Mahon claims former business partner is trying to stymie a Court of Appeal hearing. Auckland property developer Neville Mahon tried to halt a bankruptcy application in the High Court at Auckland today brought about as part of a long-standing legal battle with former business partner Tim Edney. Edney and Mahon started working together in the 1990s and court records show they have fought over a residential site in Mangere, five Queenstown properties, and an Auckland CBD hotel. Mahon’s legal representative Robert Hucker told the court the bankruptcy application, made by Edney’s business W...

Source: nbr.co.nz