Another business linked to Christchurch property developer Andrew Bendemski has folded, leaving a string of connected companies owing at least $35 million to creditors.
Among failed projects was a Wanaka development with consent to build about 60 townhouses near the lake waterfront, which went to mortgagee sale last year.
This was owned by Stoney Creek GCO Ltd, whose director was Bendemski.
After developing Christchurch and Wanaka subdivisions, he now has an Auckland address.
The latest of interwoven companies to go under this year is GCO Pharmaceuticals Ltd, which was placed in liquidation on September 26.
Bendemski is the sole director of the company.
Gerry Rea Partners insolvency practitioner Simon Dalton was appointed…