Terry Serepisos-owned Titanium Trustee owes $45m

Terry Serepisos. (Image: NZME)

Mon, 15 May 2023

A company owned by once-prominent property developer Terry Serepisos owes $45 million to Australian investment firm Alceon Group. The first receivers' report for Titanium Trustee Management has been released by Neale Jackson and Brendon Gibson of Calibre Partners. Titanium Trustee Management was placed into receivership on March 13. It owns the Century City Hotel in Tory St, central Wellington. The receivers’ report said Titanium was created at the beginning of 2019 and the company purchased the hotel with the aim of c...

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