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Property
4 mins to read
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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. 

Nicholas Pointon Mon, 16 Dec 2024

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.

The first

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Nicholas Pointon Mon, 16 Dec 2024
Contact the Writer: nicholas@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
Ormiston Rise Neale Jackson Arena Investors Damien Grant Waterstone Insolvency Marcus Jacobson Roto Whare Ltd Roto Whare Limited

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