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Luxury apartment project collapses, $26m owed

A beachfront property project that was supposed to create luxury lifestyle apartments with sea views at Mount Manganui for a profit has collapsed with Bank of Scotland owed more than $20 million and $5.9 million to Strategic Nominees.Only one of the twent

Jazial Crossley
Mon, 15 Nov 2010

A beachfront property project that was supposed to create luxury lifestyle apartments with sea views at Mount Manganui for a profit has collapsed with Bank of Scotland owed more than $20 million and $5.9 million to Strategic Nominees.

Only one of the twenty one apartments in the now-completed

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Jazial Crossley
Mon, 15 Nov 2010
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Luxury apartment project collapses, $26m owed
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