Christchurch social housing operator owes $10m to creditors

A company behind two Christchurch boarding and social housing properties owes creditors nearly $10 million, the first receivers reports say.Founded in 2017, Essex Property provided social housing accommodation in Christchurch from two properties, one on Innes Road and the other on Essex Street.In late February, Baker Tilly Staples Rodway’s Tony Maginness and Jared Booth were appointed receivers of the Essex Street property by Tessera Nominees under a mortgage from May 2021.Then, less than a week later, Deloitte’s Robert Campbell, Co...