Christchurch and Auckland developer Profico Group in liquidation

Profico has an office in Victoria Park Market. (Image: BusinessDesk)

Thu, 18 Sep 2025

A property development group that advertised itself as seeking investment has gone into liquidation, leaving many of its projects undeveloped. Kieran Jones and Steven Khov, of Khov Jones, were appointed to liquidate Profico Developments and its various subsidiaries by director Grigori Koulanov on Sept 12.Across all the subsidiaries – 10 Ayr, 11 Oxford, 3 Beresford, 8 Walmer, Madras St and Willoughby Apartments – Profico Group completed and had plans for more than 50 residential homes.The firm was behind complete...

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