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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

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Contact the Writer: maria@nbr.co.nz
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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,
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