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Hot Topic Earnings season
Hot Topic Earnings season
Property
2 mins to read

Liquidator and receiver do battle over Ormiston Rise

Unsecured creditors are owed $21m on the large South Auckland housing development.

Ormiston Rise is a development of 727 homes.

Maria Slade Wed, 03 May 2023

Skirmishing over a troubled $200 million South Auckland property development continues, with unsecured creditors owed $21m and a key hearing date still a year away.

Ormiston Rise in Flat Bush is a development of 727 homes to be completed in four stages.

Work began in 2020, but the project was put

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Contact the Writer: maria@nbr.co.nz
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Liquidator and receiver do battle over Ormiston Rise
Property,
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