Financers lose $10 million on Blackmore’s James Smith building
Troubled Wellington developer David Blackmore’s James Smith building was nearly 200% leveraged and even the first mortgagor faces a shortfall.
Deloitte’s Barry Jordan and David Vance were appointed receivers by ANZ National Bank of the developers' Blackmore Trust on August 4.
Blackmore
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Matt Nippert
Wed, 05 Oct 2011
Wed, 05 Oct 2011
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Financers lose $10 million on Blackmore’s James Smith building
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