Springpark buyers get $7.3m refund
Receivers of bust development company say it can't complete the Auckland housing project.
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Receivers of the Springpark housing development in Auckland will refund deposits of $7.28 million to homebuyers before Christmas.
Development company Panama Road Developments, 80% owned by Tony Gapes of Redwood Group, went bust on December 4 after it could not pay debt due to Asian financier
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Tim Hunter
Wed, 16 Dec 2015
Wed, 16 Dec 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Springpark buyers get $7.3m refund
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