Formcrete Construction owes $7.4m as liquidation unfolds

Formcrete Construction owes $7.4m as liquidation unfolds
Jack's Point is at the foot of the Remarkables. (Image: NZME)
Riley Kennedy
An entity connected to a Queenstown property development has gone into liquidation owing at least $7.4 million.Baker Tilly Staples Rodway’s Jared Booth and Tony Maginness were appointed to Formcrete Construction on June 25.Its sole shareholder and director is Dean Franklin. It had been doing property development at Jack's Pt, just outside of Queenstown.As of Thursday morning, Formcrete’s website had been deactivated.Three other entities connected to Franklin – Founder Corporate, Falconer Corporate and Sr Corporate &nd...

More Property

Court to decide if Du Val investors' claim can proceed
Property

Court to decide if Du Val investors' claim can proceed

Investors who swapped debt for equity accuse FMA of devaluing their shares.

Vector faces fresh complaint on unfair contract terms
Property

Vector faces fresh complaint on unfair contract terms

Vector faces more scrutiny over contract terms after Commerce Commission advice.

Garth Bray 02 Jul 2025
Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs
Property

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs

A developer’s Fair Trading win against Vector feels like a loss.

Garth Bray 01 Jul 2025