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Property
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High Court rejects property developers’ interim request

A 28-day interim order was being sought to try and save Auckland properties.

The Silverstream Terraces subdivision in Wellington’s Crofton Downs.

Key points
  • Why it matters: Developers wanted a 28-day order from the High Court to allow property sales in Wellington to be settled and paid.
  • Background: The Auckland properties were provided as security for the borrowing.
  • Key players: Parklane Infrastruct, Murray Price, Trent Cary, Killarney Capital, Bret Gustafson, Justice Churchman. 

Developers behind a lucrative Wellington subdivision have failed to get an interim order from the High Court over remaining debt to prevent Auckland properties from being sold.

In July, NBR reported the last stages of the subdivision in Crofton Downs went up for mortgagee sale as the developer faced

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Jonathan Mitchell Mon, 16 Oct 2023
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • Why it matters: Developers wanted a 28-day order from the High Court to allow property sales in Wellington to be settled and paid.
  • Background: The Auckland properties were provided as security for the borrowing.
  • Key players: Parklane Infrastruct, Murray Price, Trent Cary, Killarney Capital, Bret Gustafson, Justice Churchman. 
High Court rejects property developers’ interim request
Property,
101259
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