Graeme Hart owed over failed housing venture

Graeme Hart made a foray into Auckland residential property five years ago. (Image: Rod Emmerson)

Wed, 26 Mar 2025

Graeme Hart, one of New Zealand’s richest people, is a creditor in a failed Auckland property development business.On March 12, residential developer Buildform was placed into liquidation by its sole director and shareholder, David Williams.In their first report, liquidators BDO list Hart as a secured creditor with four financing statements registered against the firm.Hart has also placed a caveat on 75 Edmund St, a St Heliers property half-owned by Buildform through its 50% share in the venture, 75 Edmund St Ltd.The property is now up fo...

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