Nelson property companies successfully sue former investment manager

One of the property companies, Superstore, owns this Placemakers building in Christchurch. (Image: Google Maps)

Wed, 22 May 2024

Three Nelson property companies with assets worth at least $40 million have successfully sued their former investment management company and two former directors.Michael Millar is the director of Investment Services Limited (ISL), which provided investment and property management services to First NZ Properties, Superstore Properties and Springs Road Property between 2001, when it took over the contracts from another entity associated with Miller, and 2020. The latter company, Springs Road, was placed into liquidation after selling it...

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