Luxury developer leaves creditors $70m short
Sanctuary Development's first liquidators’ report shows unsold units not enough to cover losses.
Andrew Bevin
Tue, 23 Mar 2021
The first liquidators’ report for the company behind The International development in the Auckland CBD places the creditor shortfall at $69.9 million.
Sanctuary Developments No 8 Limited, owned by Auckland businessman Gary Groves, took the former Fonterra headquarters on Princess St and
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Andrew Bevin
Tue, 23 Mar 2021
Contact the Writer: andrew@nbr.co.nz
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Luxury developer leaves creditors $70m short
Property,
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