Serepisos-owned hotel debt balloons to $52m

Serepisos-owned hotel debt balloons to $52m
(Image: Tory Hotel)
Brent Melville
The debt pile from Terry Serepisos’s failed business empire keeps growing as Titanium Trustee Management is now said to owe $52 million to its biggest secured creditor, Australian investment firm Alceon Finance.Titanium, founded by the former high-flying Wellington developer in January 2019, has one asset to its name, an 89-unit building and 101 carparks at what was the Century City Hotel on Tory St, in Wellington. Greek-born Serepisos, the former owner of the Wellington Phoenix football team and headliner on New Zealand’s...

More Property

Analysts eye upside in property sector as values stabilise
Property

Analysts eye upside in property sector as values stabilise

On average, listed property companies are trading at a 22% discount to NTA.

Private building consent body offers competition
Property

Private building consent body offers competition

The country's first independent consenting authority is targeting group builders.

Stuff/TradeMe go head to head with NZME
Property

Stuff/TradeMe go head to head with NZME

The marriage of online advertising portals with news producers continues.

Pattrick Smellie 03 Jun 2025
Argosy signals succession plan
Property

Argosy signals succession plan

Argosy Property has signalled its management and governance succession plan.The listed property company told the market on Tuesday that directors Chris Gudgeon and Mike Pohio will not stand for re-election at the coming annual general meeting (AGM) in July. The firm also said tha...

Gregor Thompson 03 Jun 2025