SPI syndicate loses $25m

The losses have become apparent following the late filing of financial returns with the Companies Office last week.

Chris Hutching for NBR NZ Property Investor
Tue, 03 Feb 2015

Investors in nine property syndicates formerly managed by SPI Capital have lost a combined $25.2 million.

The losses have become apparent following the late filing of financial returns with the Companies Office last week.

One syndicate, the Gloucester syndicate which owned a property in

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