Merino Downs Twizel liquidation: offshore equity risk exposed
A hidden gem that stopped sparkling When Chris White pitched Merino Downs to the Otago Daily Times in 2018, the thesis was elegant. Twizel was a “hidden gem”, undervalued relative to Tekapo, Wanaka, and Queenstown. A 34-lot lifestyle subdivision on 22 hectares of former station land, designed to premium specifications with 16,000 native tussocks, fibre-optic…

