Law & Regulation

Creditors vote to liquidate Gary Groves' Sanctuary

Victoria Young
Tue, 16 Mar 2021

Creditors vote to liquidate Gary Groves' Sanctuary
The 90-unit luxury apartment development, The International.
Victoria Young
Tue, 16 Mar 2021
The company behind the glamourous The International apartment complex in Auckland’s Princes Street was moved into liquidation at a creditors’ meeting yesterday.Court documents viewed by BusinessDesk show Gary Groves’ company, Sanctuary Developments NO 8, owed $143.9 million at the time it secretly went into administration last year.Groves had taken the old Fonterra office building in Auckland’s CBD and converted it into a 90-unit apartment block.The luxury development is the home of celebrity chef Josh Emmett’s res...

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