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 with sites across Auckland and Christchurch 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.Profico said in a statement no money is owing to subcontractors or buyers.“As a result of the long-term economic impacts of the pandemic – including double-digit material cost increases and regular lockdowns preventing many dev...

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