Seascape developer debt put at a towering half-billion dollars
The first receivers' report shows China Construction Bank is on the hook to the developer for $171 million.
Downtown's white elephant, Seascape.
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Shundi Customs, the failed developer of Auckland’s Seascape tower, owes $588.9 million to creditors, according to the receiver's initial report.
That includes a claim by lenders China Construction Bank of $171.1m, including the debt of another scrubbed development at Shundi Tamaki Village.
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