Damien Grant 'stacked creditor vote', US lender claims

Damien Grant 'stacked creditor vote', US lender claims
Ormiston Rise is a development of 730 homes in Flat Bush, a suburb in southeast Auckland. (Image: Jason Oxenham)
Maria Slade
An American financier told the High Court that controversial insolvency practitioner Damien Grant was a  "friendly liquidator" who stacked a creditor vote and should be replaced.Arena Alceon NZ, the New York-based lender behind the large South Auckland housing project Ormiston Rise, wants Grant and his Waterstone Insolvency colleague sacked in favour of the Official Assignee, claiming they failed to act impartially and competently.Waterstone was appointed liquidator of Ormiston Rise Limited (ORL) and its project subsidiary in lat...

More Property

Council eyes single buyer for Maungawhau Station super-site
Policy

Council eyes single buyer for Maungawhau Station super-site

The redevelopment site will probably be the biggest in NZ, Wayne Brown said.

Oliver Lewis 26 Sep 2025
Film stars linked to multimillion-dollar deal to buy Auckland Film Studios
Property

Film stars linked to multimillion-dollar deal to buy Auckland Film Studios

Several major names are set to acquire the council-owned Auckland Film Studios, in what insiders believe will be a significant boost for the screen production industry, helping to lure even more major movies to New Zealand.An A-list Kiwi-Hollywood consortium headed by one of New...

Staff reporters 25 Sep 2025
New online carbon tool could slash NZ building emissions
Property

New online carbon tool could slash NZ building emissions

Building designers, developers and owners are demanding low-carbon building products.

Greg Hurrell 25 Sep 2025
'Still tough out there' despite Govt announcements
Infrastructure

'Still tough out there' despite Govt announcements

A rush of construction spending will take a while to have an effect, sector says.

Maria Slade 24 Sep 2025