Huge writedown for South Canterbury on Paritai Drive
South Canterbury Finance’s ill-fated foray into property development on Auckland's swanky Paritai Drive is likely to realise losses of at least $7 million.
Arundel Park, a six-unit subdivision, went into receivership on June 11 owing $14.4 million to South Canterbury, its sole secured
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Matt Nippert
Mon, 14 Feb 2011
Mon, 14 Feb 2011
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Huge writedown for South Canterbury on Paritai Drive
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