Greg Olliver's Kāpiti properties sold for $15.5m

Greg Olliver's Kāpiti properties sold for $15.5m
Greg Olliver. (Image: NZME)
Brent Melville
Receivers have sold two property assets in Greg Olliver’s failed property empire – landholdings on the Kāpiti Coast – for a combined $15.5 million.The former high-flying Auckland developer bought the sprawling 28-hectare (ha) adjacent Paraparaumu properties at 77 and 109 Kāpiti Rd alongside the Wellington northern corridor highway for $21.6m in October 2010. The landholdings were held in Olliver's St Heliers Capital and Olliver Trustee entities.The receivers, PwC’s John Fisk and Richard Nacey, appointed by the B...

More Property

Triple Connection faces liquidation
Property

Triple Connection faces liquidation

The debt collector says the company "don't pay their bills".

Gregor Thompson 13 Dec 2024
Beachlands South development appeals settled
Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024