Kerr’s RCL in $70m Queenstown land deal
Parent company Pyne Gould seeks new structure to retain RCL ownership as receivers chase millions owed to BNZ.
RCL's adjacent Hanleys Farm development near Queenstown.
Ex-pat businessman George Kerr’s real estate company RCL Group has agreed to buy a 163ha block of development land near Queenstown as the wind-up of his Torchlight private equity fund gets under way.
The transaction was disclosed in the annual report for Pyne Gould Corporation, a
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