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

RoofBuddy founder's previous venture was liquidated
Property

RoofBuddy founder's previous venture was liquidated

RoofBuddy sponsors the New Zealand Warriors NRLW franchise.

Gregor Thompson 24 Apr 2025
JLL to close debt advisory unit
Property

JLL to close debt advisory unit

Global commercial real estate firm Jones Lang LaSalle (JLL) is offshoring its debt advisory division, a month after it announced it would downsize its New Zealand footprint.  The Australian Financial Review (AFR) reported on Tuesday evening that JLL is closing its Australian and...

Gregor Thompson 23 Apr 2025
Damien Grant 'stacked creditor vote', US lender claims
Property

Damien Grant 'stacked creditor vote', US lender claims

Ormiston Rise funder Arena is taking court action to have the liquidator removed.

Maria Slade 23 Apr 2025
In defence of the villa
Property

Maria Slade: In defence of the villa

Removing protections from Auckland’s villas won’t solve the housing crisis.

Maria Slade 22 Apr 2025