BNZ seeks to bankrupt Homestead Bay investor

George Kerr's RCL got approval to buy another 163ha at Homestead Bay in 2023. (Image: Supplied)

Tue, 05 Nov 2024

Bank of New Zealand is pushing ahead with a $80 million bankruptcy bid against George Kerr, the majority owner of Queenstown's fast-track Homestead Bay project.Court records show that Bank of NZ (BNZ) served the expat NZ investor with a bankruptcy notice in June. The matter is due for another hearing in the Auckland High Court this month.Kerr is the two-thirds owner and managing director of Pyne Gould Corporation (PGC), the former NZ Exchange-listed (NZX) wealth management group now based in Guernsey.PGC’s subsidiary, RCL Real Estate,...

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