D-day looms for Williams Corp

House sales have slowed to a trickle. (Image: WCC)

Wed, 25 Oct 2023

Property developer and non-deposit taker Williams Corporation Capital says it is well placed to manage looming withdrawals which will become due this December.The Christchurch-based firm – founded in 2011 by high-flying property developers Matthew Horncastle and Blair Chappell – pushed out its redemption cycle from six to 12 months on its $152 million of investment funds last December.The firm cited a tripling in interest rates and said it had the right to extend the withdrawal period to "responsibly manage market conditio...

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