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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Property
2 mins to read

Syndicator Maat sued over Nido losses

Financial statements disclose legal action by activist alleging disclosure failures in $35m property syndicate.

The Nido furniture store failed in 2020 with 85% losses for syndicate investors.

Tim Hunter Tue, 08 Aug 2023

Legal action has been filed against property syndicator Maat Consulting and its directors over the multimillion dollar failure of the Nido property syndicate.

The litigation was disclosed in accounts filed by Central Park Property Investment Ltd, which raised $34.7 million from investors in 2019 and

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Tim Hunter Tue, 08 Aug 2023
Contact the Writer: thunter@nbr.co.nz
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Syndicator Maat sued over Nido losses
Property,
100269
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