Now-jailed Christchurch developer managed to rack up more than $100m in debt, with claims of a lack of oversight by ‘expert’ lender, out-of-pocket landowner says.
The sale of Takapuna’s Loxley Apartment development is at the centre of a legal skirmish between the property’s former owners and lender WFT Finance, owned by Tauranga’s wealthy NBR Rich Lister Wright family.
The 46-apartment complex, on Tennyson Avenue on the North Shore, is on the market as
