Receivers on why McKenna’s company failed

Receivers appointed to take over property developer Nigel McKenna's Lighter Quay Hotel Management said bad budgeting was to blame for the collapse of the company.It was supposed to pay returns to investors for 172 units in the $130 million Westin hotel at

Jazial Crossley
Thu, 01 Jul 2010

Receivers appointed to take over property developer Nigel McKenna’s Lighter Quay Hotel Management said bad budgeting was to blame for the collapse of the company.

It was supposed to pay returns to investors for 172 units in the $130 million Westin hotel at Auckland’s Viaduct harbour but had been

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