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Valuation finds Hisco house sold at $4m discount

The St Heliers property was worth $11m at the time of sale, argues fund manager.

Andrew Bevin Wed, 14 Aug 2019

A retrospective property valuation commissioned by fund manager Simplicity has estimated ANZ discounted the sale of a luxury mansion to the wife of its former chief executive, David Hisco, by more than $4 million.

After Hisco's departure under a cloud in June it was discovered the bank had

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Andrew Bevin Wed, 14 Aug 2019
Contact the Writer: andrew@nbr.co.nz
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Valuation finds Hisco house sold at $4m discount
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