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Queenstown developer changed no-deposit scheme

Chris Hutching for NBR NZ Property Investor
Mon, 12 Mar 2012

London buyers for a Queenstown apartment development were enticed by a funding deal effectively requiring no deposit.

The promoter of the Marina Apartments was Wensley Developments The Marina (in liquidation).

Wensley principals tempted several UK buyers to sign up for sales agreements

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Chris Hutching for NBR NZ Property Investor
Mon, 12 Mar 2012
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Queenstown developer changed no-deposit scheme
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