close
MENU
Property
2 mins to read

Auckland property developer owes $54m

The Treasure Plus group collapsed leaving multiple projects at various stages.

It's hoped the unfinished Dawn Park apartments in Te Atatū can be sold as a going concern.

Maria Slade Thu, 30 Nov 2023
Key points
  • What's at stake: Failed property development group Treasure Plus owes $54m, receivers say.
  • Background: The group was placed in receivership in September by Vincent Capital, leaving projects at various stages.
  • Key players: Treasure Plus, Atkin Apartments, Vincent Capital, Calibre Partners.

 

A failed Auckland residential property developer owes $54 million, the receivers’ first report says.

Specialist property financier Vincent Capital placed Treasure Plus and related company Atkin Apartments in receivership in September, leaving multiple properties at various stages of

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Contact the Writer: maria@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • What's at stake: Failed property development group Treasure Plus owes $54m, receivers say.
  • Background: The group was placed in receivership in September by Vincent Capital, leaving projects at various stages.
  • Key players: Treasure Plus, Atkin Apartments, Vincent Capital, Calibre Partners.

 

Auckland property developer owes $54m
Property,
101916
true