Pegasus Town receiver mulls options to recoup $142.8M for lenders

Tue, 16 Oct 2012

By Paul McBeth Oct. 17 (BusinessDesk) - The receiver for the Pegasus Town development in Canterbury is still weighing up the best way to recoup more than $142.8 million owed to its lenders. Receivers David Ruscoe and Richard Simpson of Grant Thornton "are assessing how best to realise the company's assets to achieve the best outcome for our appointor and the company as a whole," they said in their first report. The company's assets are made up of developed and undeveloped land, including the Pegasus Gold and Sports Club. Ruscoe and Simpson...

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