Rotorua property developer collapses owing offshore lender $28m
An entity connected to New York-based lender Arena Investors pulled the plug on the 86-home development.
Roto Whare was behind an 86-home development in Rotorua known as Mountview Green.
The company behind a 86-home property development in Rotorua has collapsed, owing its offshore lender just over $28 million.
Roto Whare Ltd, which was directed and owned by Marcus Jacobson, appointed Waterstone Insolvency’s Damien Grant and Adam Botterill as liquidators on December 5.
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