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Unsecured creditors unlikely to recover $18m from co-working firm

Spaces K-Road suffered from decline in demand for office space brought on by pandemic.

Hereford Mews, which traded as Spaces K-Road, entered into voluntary administration on October 5.

Unsecured creditors of an Auckland-based co-working provider could be $18 million out of pocket, as administrators recommend the company be liquidated.

Hereford Mews, which traded as Spaces K-Road, entered into voluntary administration on October 5 due to low occupancy rates.

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Nicholas Pointon Fri, 04 Nov 2022
Contact the Writer: nicholas@nbr.co.nz
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Unsecured creditors unlikely to recover $18m from co-working firm
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