Chow Bros-backed Inno Capital says Stonewood Homes will be back building asap

Wed, 09 Mar 2016

By Paul McBeth March 9 (BusinessDesk) - Inno Capital, the investment vehicle part-owned by Wellington property developers the Chow brothers, wants its newly-bought Stonewood Homes to get on to a stable footing and back to building houses as soon as possible. The investment firm bought the national franchise rights and Christchurch franchisee for Stonewood for an undisclosed sum just two weeks after receivers were appointed to the country's third biggest home builder. Inno's immediate focus is to stabilise the business, and get staff,...

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