It was revealed this week Roto Whare owes money to several Rotorua businesses, but the biggest debt of $28.2 million is to an American business, Florida-headquartered financier Quaestor Advisors LLC, of Jacksonville.
Details of what Roto Whare owed were revealed in the liquidator’s first report. Among Rotorua businesses out of pocket were Metal Line Roofing, Rotorua ITM, Davidsons, Design Tilers, Handon Heating, Sigma and Redwood Joinery.
In response to Rotorua Daily Post questions, Jacobson said the two projects – Ngongotahā and Koutū – were not related.
“Mountview was placed in liquidation because of financing issues … Mountview is close to completion, with most properties completed and sold. The issues at Mountview are specific…
