Formcrete Construction owes $7.4m as liquidation unfolds

Jack's Point is at the foot of the Remarkables. (Image: NZME)

Thu, 03 Jul 2025

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...

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