Hendo vineyard blocks up for tender

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Mortgagee FM Custodians (Canterbury Mortgage Trust) has initiated the sale of properties at bankrupt Christchurch developer Dave Henderson’s Gibbston vineyard near Queenstown.

Harcourts agent Fraser Skinner is marketing four blocks planted in pinot noir.

The rateable values range between $485,000 and $680,000.

The properties were owned by Anthem Holdings (in receivership and liquidation), although the receivers of that company only controlled the stocks of wine involved. 

Paul Sargison of Gerry Rae told NBR NZPI recently that the legal wrangling over the wine stocks meant they had used up nearly all the funds available from the sale of the wine.

The value of the wine in question was near $1 million. 


This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7498 0.0012 0.16%
AUD 0.9615 -0.0003 -0.03%
EUR 0.6798 0.0010 0.15%
GBP 0.4918 0.0007 0.14%
HKD 5.8150 0.0072 0.12%
JPY 89.9750 0.0700 0.08%

Commods

Commodity Price Change Time
Gold Index 1198.1 -2.780 2015-03-05T00:
Oil Brent 61.0 -0.250 2015-03-05T00:
Oil Nymex 52.5 1.050 2015-03-05T00:
Silver Index 16.1 0.000 2015-03-05T00:

Indices

Symbol Open High Last %
NZX 50 5856.8 5890.7 5856.8 0.54%
NASDAQ 4979.9 4993.5 4967.1 0.32%
DAX 11427.6 11532.8 11390.4 1.00%
DJI 18096.9 18160.3 18096.9 0.21%
FTSE 6919.2 6968.6 6919.2 0.61%
HKSE 24235.8 24294.4 24193.0 0.11%
NI225 18814.8 18965.9 18751.8 1.00%