Fortland Capital denied resource consent
The company told investors the property it planned to purchase had a resource consent for subdivision when it did not.
An aerial view of the land at 132 Linwood Road, Karaka that Fortland was looking to purchase.
Wholesale land syndicator Fortland Capital told potential investors a property it wanted to purchase had a resource consent for subdivision, despite the council refusing the proposal last year.
It has since tweaked its information memorandum.
The company, which was an offshoot of property development
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