Auckland developer Wilshire Group buys Springpark out of receivership

Wed, 23 Mar 2016

By Paul McBeth March 23 (BusinessDesk) - Auckland residential property developer Wilshire Group has bought the failed Springpark development in the suburb of Mt Wellington out of receivership for an undisclosed sum. The company's offer was accepted by receivers Richard Simpson and David Ruscoe of Grant Thornton last week and has gone unconditional, it said in a statement. Wilshire had already purchased two of the development's three stages from the previous owner and expects to start building new houses this year in what will be a four-ye...

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