BNZ still owed $30m after Crown Terrace land sale
Sir Russell Coutts interests pick up Kerr property in mortgagee sale.
The BNZ is still owed about $30 million by George Kerr’s company Lothian Capital Partners after the mortgagee sale of 74ha of Arrowtown land in May.
Receivers were appointed to the property of Kerr’s company Glencoe Land (Joint Venture) in December last year over its guarantee of Lothian
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