Ormiston Rise reassures purchasers after receivership

Mon, 10 May 2021

Ormiston Rise, a master-planned community in East Auckland’s Ormiston, says it recognised news of its receivership is “unsettling” to purchasers, but their deposits are safe. In a post on Facebook the company – which announced its receivership late last week – said “all purchasers should be assured that their deposits are safe. They’re lodged in a lawyer’s trust account and they won’t be affected by this action”.It said the company was in this position because lenders to the...

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