October deadline for Maat capital raise
Latest filing shows property syndicate needs urgent $8.4m after missing bank payment demands in June and August.
The syndicate owns buildings at 2-4 Fred Thomas Drive in Takapuna, Auckland.
Another Maat property syndicate is requiring an urgent capital raise after the sale of its property failed to complete and debt covenants were breached.
Fred Thomas Property Investment, the last of 11 Maat syndicates to file accounts for the year to March, disclosed it had missed two subsequent
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