The developer behind one of New Zealand’s biggest apartment jobs has put the company into voluntary administration, saying not all creditors will be paid.
Gary Groves engaged Dominion Constructors to convert the ex-Fonterra headquarters at 9 Princes St in Auckland’s CBD into luxury apartments in a $250 million job and Donald Trump ex-aide Chris Liddell was said to have bought an apartment there for around $15m.
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But Groves’ Sanctuary Developments No 8 is now in the hands of Jeff Meltzer and Mike Lamacraft of liquidation and receiver specialists Meltzer Mason, according to a statement issued this afternoon.
All th…
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