Your new Bob Dey Property Report column
This is the third appearance of a new page on The Bob Dey Property Report, called simply U.
It will contain a mixture of property and other information, company formation, the down side of business, market bits & pieces, probably fairly cryptic and rushed.
The weekly Snapshots tend to contain formal information, while other stories on the website are generally structured. U will contain snippets, less often from formal sources, maybe unstructured and incomplete.
3 August 2001
Pauanui Lake Resort Ltd (Gary & Angela MacDougall) was placed in the hands of receiver Stephen Tubbs, of BDO Spicer in Christchurch, on 1 August. Mr MacDougall began an ambitious $34 million resort project three years ago — 153 residential sections, mostly round the edge of an 18-hole golfcourse, and a 60-room lodge on a 100ha Duck Creek property that runs along a valley 4km from Hoppers’ Pauanui coastal development. Pauanui Lake Resort arranged finance at the end of May with NZ Commercial Mortgage Nominee Co Ltd and Project Mortgages Ltd, both of Christchurch, and Works Infrastructure Ltd, which had undertaken work on the project.
2 August 2001
Three-times-bankrupt property developer Graeme Raymond’s appeal against a 13-month jail sentence (for contributing to the most recent bankruptcy by gambling and extravagant living) has been set down for a 21 August hearing by the Appeal Court, in the Auckland High Court. Raymond’s been on bail pending appeal, and if his sentence is confirmed he could still apply for home detention.
Paradise Estates Ltd (Dennis Hedley) faces liquidation at the hands of the Inland Revenue in the Auckland High Court, 10am on 16 August. Also in the taxman’s latest batch of liquidation applications are Eastcity Builders Ltd (Brian Paladin, Dannemora), due for an Auckland High Court hearing at 10.45am on 16 August, and Riversdale Lane Ltd (Hamish Buxton).
Infrastructure Auckland will revisit the Britomart mystery bus stop funding issue at 9.30am on Monday, 6 August. The cautious provider of largesse will consider Auckland City Council’s application for funding for the Waitemata Waterfront interchange at its meeting room, level 13, 155 Queen St.
The Auckland Regional Council has been given district court judgment for $1729 against Waimumu Estates Ltd (Nicholas Fisher & William Hawken). Another Hawken company, New Lambton Holdings Ltd, faces liquidation in the Auckland High Court on 30 August.
Atlas Concrete Ltd has district court judgment for $16,000 against Keith Niederer, of St Heliers and of Pelmec Industries Ltd.
Among companies recently incorporated, Andi (Robyn Anne) & George Wheeler have formed Andi Wheeler – Spaces Design Studio Ltd in Glanville Tce, Parnell.
The latest property syndication company for Dominion Funds (Money Managers) is Auckland IT Centres Ltd (Richard Lynch, Alastair Hasell & Paul Duffy the shareholders, Money Managers founder Doug Somers-Edgar added as a director). They’ve also formed IBRC Nominees Ltd on the same basis.
Kieran Trass, of Mortgagenet Investments Ltd, brokerage and advisory businesses, has formed Banxrobber Ltd.
Property developer Arthur Morgenstern has formed Boatese Ltd.
Ken Bogue, of