What’s at stake: The future of Gulf Harbour Country Club hangs in the balance as it faces potential liquidation and a massive redevelopment.
Background: Established in 1997, the once-thriving club has succumbed to financial woes, culminating in a potential liquidation due to $48m in debts.
Key players: Long River Investments, Inovagen Ltd, Errol Wayne Bailey, Greg Olliver, The Pheonix Trust Ltd, Keep Whangapāraoa’s Green Spaces, Hopper Developments.
Once a pinnacle of golfing establishments in New Zealand, the Gulf Harbour Country Club is now in disarray, with an application being filed to put the owner into liquidation.
On Wednesday, the High Court was set to hear an application from property investment company and creditor Inovagen Ltd to
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What’s at stake: The future of Gulf Harbour Country Club hangs in the balance as it faces potential liquidation and a massive redevelopment.
Background: Established in 1997, the once-thriving club has succumbed to financial woes, culminating in a potential liquidation due to $48m in debts.
Key players: Long River Investments, Inovagen Ltd, Errol Wayne Bailey, Greg Olliver, The Pheonix Trust Ltd, Keep Whangapāraoa’s Green Spaces, Hopper Developments.
