Archive | 2001

U: The names behind the action, week to 7 October 2001

New companies, old names, a few breakages

This page on The Bob Dey Property Report is called simply U.

It contains a mixture of property and other information, company formation, the down side of business, market bits & pieces, probably fairly cryptic and rushed.

The weekly Snapshots tend to contain formal information, while other stories on the website are generally structured. U will contain snippets, less often from formal sources, maybe unstructured and incomplete.

7 October 2001

New York Gear Ltd (Peter Watt) has had district court judgment entered in favour of Kiwi Property Holdings Ltd (Richard Didsbury & Ross Green) for $26,250.

New companies:

Rob Buckett of Diva Corp Ltd has formed Arbuck Ltd.

Stephen Brett Ashby has formed British Pubs NZ Ltd. He is a director, with Daphne Fourie, in City of Sails Finance & Insurance Ltd. Daphne Fourie, director of the Mad Dogs & Englishmen chain, is also director of two new companies formed in September, Oceans (Takapuna) Ltd & One Italy (Epsom) Ltd.

Restaurateur Leo Molloy keeps expanding his Doolans business. New companies in that line are Doolans Management Ltd & Doolans Takapuna Ltd, both owned by Doolans Holding Ltd

A new Cornerstone company, not associated with developer Rick Martin, is Cornerstone Realty Ltd, with Bruce Stokes as director. Mr Stokes also formed Home 4 Rent Ltd in September.

Starline Group’s Jamie Peters has formed EOQ 62 63 & 64 Ltd, Holding Company 1 Ltd, Holding Company 2 Ltd & Light & Star Investments Ltd. The company holding consents for the three new office buildings Mr Peters plans to erect at Quay Park is East on Quay Developments Ltd.

Eric Watson’s Cullen Capital Ltd has formed Genstar Investments Ltd (directors Phil Newland, Maurice Kidd & Mohindar Singh Randhawa).

The low-cost housing organisation Habitat For Humanity keeps expanding. Latest company under this umbrella is Habitat For Humanity Ormiston Ltd.

Andrew Krukziener formed Sovi Bay Ltd on 4 September, Heron Parnell Ltd on 5 September. I’m told Mr Krukziener couldn’t resist trading in the Lamborghini for a new $500,000 Bentley about the same time.

Hopper Developments Ltd (Leigh Hopper & Howard Jury) has set up some new companies, Hopper Properties Ltd, Hopper Senior Management Ltd, Maygrove Care Ltd & Maygrove Village Ltd.

Westgate developers Mark Gunton & Bryce Donne set up seven new companies on 5 September, all under the IMF group. Sanzuki Ltd has Mr Donne & Neilson Murdoch Harris as directors. Jabus Ltd has Mr Gunton & Mr Harris as directors. The companies, with shareholdings, are IMF Backstop Ltd (Sanzuki 500/Jabus 500), IMF Nautica Ltd (333/667), IMF Parkave (333/667), IMF 2001 Ltd (333/667), IMF 2002 Ltd (400/600), IMF 2003 Ltd (450/550), IMF 2004 Ltd (500/500). IMF Westland Ltd was set up last December.

For the Otahuhu business district, Keep Otahuhu Strong & Healthy Inc was formed on 29 August, address 133 Luke St.

Land Information Northland Ltd, Whangarei, has been formed by Bryce Woodward & Richard Henry, of Reyburn & Bryant 1999 Ltd.

Location Group Ltd (Roy Richardson & Mark Weipers) has formed Location Avondale Ltd with an 80% shareholding by Location Commercial Ltd and 20% by UPC Capital Ltd (Michael Reid & Bryn Jamieson).

Queen City’s John Williams has moved on from the White Heron to form Mamie Street Holdings Ltd. Mamie St: Two down Middleton Rd from Remuera Rd, opposite Broadway Park.

Mark Perriam & Cameron Marsh have formed Marcam No 2 Ltd, with most of the shares held through their trust companies (Dacre & Mclaren respectively).

Metal Building Systems Pty Ltd has formed Metal Building Systems NZ Ltd (the Australian company holding 700 shares, Kerry James 300, Ray Appleton the director, registered office Minter Ellison Rudd Watts).

Mitchell Realty Holdings Ltd, Birkenhead, was formed on 3 September with 50 shares held by Carole Mitchell and 50 jointly by David Logan Samuel (the lawyer who ran Registered Securities Ltd and was jailed for fraud after its collapse), accountant Kevin Rainey, Grant Elliott & Colin Elliott. Directors are Carole Mitchell & Fay Heywood. Mitchell Realty Ltd is a separate company with Keith Croggon as director.

Redwood Group’s Tony Gapes has formed Omaha Beach Houses Ltd.

Roger Barry, once of building firm Filleul Barry Ltd but now with a much wider span of interests (still with Warwick Filleul as a partner), has formed Oscilla Group Ltd with Russell O’Kane as the second director. They also have several companies with the Ocilla name in them.

Russell O’Kane (above) is also a director & shareholder of Super Hot Water Heating Systems Ltd, with James Piper & Peter Clark (of Clark Energy Design Ltd).

Symphony Group’s Colin Reynolds and Dunedin businessman Howard Paterson formed Otago Station Estates Ltd on 14 September with Symphony Developments director Damon Reynolds and Stephen Cozens also directors. Shares are held by Otago Viticulture Trust Ltd (50, c/- Albert Alloo in Dunedin), Symphony Investments Ltd (49) and Colin Reynolds (1).

In a separate creation on 11 September, Mr Paterson formed Auripo Holdings Ltd with Michael Guthrie & Alistair Broad.

Peter Lineen, of Chester Grey Chartered Accountants Ltd, Papatoetoe, has formed Pacific Hotel Investments Ltd through Invest N’ Grow Ltd.

Latest company for the Cook/Struyck development team is Riviera 43 Ltd (Shane Frith, the shareholder, Mr Frith, Chris Cook & Bastiaan Struyck directors). 10 September: Chris Cook adds that he’s had a few calls about the boat, but unfortunately there’s no boat. “It’s a holding fund for some bits & pieces that hopefully will one day lead to a boat.”

Northplan Financial Services Ltd director Kelvin Syms has taken a joint shareholding interest in Seaview Retirement Park Holdings Ltd, Whangarei Heads Rd, with Alan Ross & Leigh Elder. All three are directors.

St Clair Park (Henderson) retirement village developer John Ede has formed St Clair Park Management Ltd, with former Dunedin roofing company owner Andrew Ballintine as joint owner.

Planning consultant Lee Joffe and former Rodney District Council planner Shane Hartley have formed Terra Nova Planning Ltd.

Graeme Udy has formed Top Bays Realty Ltd.

Unsworth Developments Ltd has been formed by Ken Kells & Gordon Hogg, with Andrew Hogg & Howard Morrison also joint shareholders as trustees.

6 October 2001

Elmo Holdings Ltd (Alfonso Liguori) was placed in the hands of receivers Jeff Meltzer & Arron Heath (Meltzer Mason Heath) on 26 September, on the basis of a December 1997 debenture to Vereinsbank International SA, Luxembourg. Mr Liguori, a hairdresser turned fashion clothing manufacturer & property dealer, was bankrupted for three years from 13 March 1991 and later worked with the Healey brothers on several city projects. He fought bankruptcy for three years before filing a debtor’s petition. Creditors’ claims reached $26 million.

Malibu Homes Ltd (Matthew Hutchinson), incorporated on 15 October 2000, didn’t quite last a year. It was wound up by the shareholders on 2 October with Robert Merlo appointed liquidator.

John Buchanan & Steve Hotchin (Buchanan & Associates) were appointed liquidators of Ambrico Apartments Ltd and United Homes 1994 Ltd (both Garry Grant & Max Mathers) on 21 September.

Group CDA Ltd (Brett Kelland Taylor) faces liquidation at the hands of Inland Revenue, Auckland High Court, 10am Thursday 11 October.

San Sebastian Holdings Ltd (Joanne Dempsey & Peter Finlay) faces liquidation at the hands of QS Building Ltd (John & Quentin Stevenson) in the Auckland High Court at 10.45am on Thursday 1 November.

The liquidators of Red Hill Homes Ltd, Jeff Meltzer & Arron Heath, have fixed Friday 2 November as the date creditors must file claims by. That might be upset by opposition to their appointment.

Jeff Meltzer & Karen Mason (Melzter Mason Heath) were appointed liquidators of Pergola Properties Ltd (Heather Bills) on 1 October and have fixed Friday 9 November as the day creditors must file claims by.

5 October 2001

The public examination of former Britomart promoter & Savoy Equities Ltd director Jihong Lu will be resumed in the Auckland High Court on Friday 12 October at 10am.

Harts Management Ltd (ex-Reeves Moses Hudig & Co Ltd, Steven Hart) was placed in the hands of receivers Colin McCloy & Richard Agnew of PricewaterhouseCoopers on Thursday, under the March 2000 debenture of Sovereign Ltd, which sold the troubled Reeves Moses business to the Brisbane accountant who wanted to spread his firm around Australia & New Zealand. Now he’s spread all over the floor: the Federal Court appointed provisional liquidators on Tuesday to Harts Australasia Ltd & 35 subsidiaries on the application of the Australian Securities & Investments Commission. Its application to wind up the group has been adjourned to 31 October. Mr Hart, 49, was charged on Thursday with 11 counts of fraud involving $A5 million. Harts Australasia was floated in May 2000 but lost $A93 million in the June 2001 year.

Former Barfoot & Thompson auctioneer Mike Williams finished the highly successful ANZ Bank branch portfolio auction series for Colliers Jardine in September, then moved back to B&T’s commercial division last week in a mixed role — running auctions, selling & helping other staff. His last six months of free-ranging has included a strong run of charity auctions (at no charge) — a sales tally of $890,000 so far, four to go for the year, “so I’ll crack $1 million.”

The Barfoot & Thompson commercial division will be joined in the Chancery development before Christmas by the auction room, marketing division, directors, property management & accounts. They’ll move in upstairs from the commercial division, leaving head office sales and the rentals division in the old Commerce St premises. The firm’s North Shore branch got a new manager on Monday, Russell Maxwell, up from Papakura.

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U: The names behind the action, week to 18 November 2001

Your new Bob Dey Property Report column

This page contains a mixture of property and other information, company formation, the down side of business, market bits & pieces, probably fairly cryptic and rushed.

The weekly Snapshots tend to contain formal information, while other stories on the website are generally structured. U will contain snippets, less often from formal sources, maybe unstructured and incomplete.

17 November 2001

Grant Graham (Ferrier Hodgson) was appointed on 6 November as receiver of income of certain assets of Amalgamated Securities Ltd (Suren Sharma). Suren Sharma took over as director of Reg Watt’s companies, including this one & numerous companies with property interests, when he was bankrupted in July.

John Buchanan (JR Buchanan & Associates Ltd, Takapuna) was appointed on 8 November as liquidator of Corro Investments Ltd (Christopher Cavanagh, whose other companies are Corropump Pacific Ltd & Pump Placements Ltd).

Steven & Rosemary Allen have applied to wind up Hogan Developments Ltd (Robyn Hogan, also a director of Trio Reconstruction Ltd & First Time Home Owners Ltd, Manukau). The application will be heard in the Auckland High Court on Thursday 22 November at 10.45am.

Inland Revenue has applied to wind up Birkenhead Glass Ltd (Sean Friary), to be heard in the Auckland High Court on Thursday 29 November at 10.45am.

16 November 2001

High Court liquidation list, 15 November:

The application of Babcock NZ Ltd to wind up Agio Trustees Co Ltd (Stuart Robertson, Te Atatu) was adjourned to Thursday 6 December at 10.45am after Agio made part payment. Another Robertson company, Trust Asset Management, settled with law firm Phillips Fox and had the application to wind it up struck out last week.

The application of Smiths Underground Services Ltd to wind up PMT Contractors Ltd (Peter McIntyre, Laingholm), served but not advertised, was adjourned to Thursday 6 December at 10am.

The Housing Co 2000 Ltd (Boon Clid Chan, Weymouth) faced three liquidation applications plus other creditors in the wings at the High Court this week and was ordered wound up on the application of Tarzan Design Ltd, with Derek Farrelly appointed liquidator. Newframe Homes Ltd (David Atkinson & Gary Warrington, Rotorua)’s application to liquidate another Boon company, GM Consultants Ltd was adjourned to Thursday 6 December at 10am because of defective documents. GM would otherwise have been wound up. Mr Boon remains a director of Mike’s Financial Services Ltd, Finance Selectors Ltd & Project Housing In Action Ltd.

Glenfield Properties Ltd(Keith Sturley) was wound up on the application of Inland Revenue, with Gerald Hulst named liquidator.

AHC Developments Ltd (Andrew James Lamont Turner, Howick) settled its debt to W Stevenson & Sons Ltd and the application to liquidate AHC was withdrawn. Another Turner company, Nelson Street Developments Ltd, was wound up in July. In May Mr Turner formed Auckland Home Co Ltd. In September he formed Southern & Eastern Holdings Ltd, and on 9 November he formed Malmsbury Construction Ltd.

Gateway Properties Ltd (James Thwaites, Wellington) settled its debt to Chubb NZ Ltd and the application to liquidate Gateway was withdrawn.

Paul Bett’s application to liquidate Southern Restaurants Ltd (Neville Mahon, of the Woodland Group & numerous other companies) was said in court to have been settled, but was adjourned to Thursday 14 March 2002 at 10am.

United Networks Ltd’s application to liquidate Ranui Station Developments Ltd (Wallace Bayne, of Baseline Homes Ltd & Makora Investments No 1 Ltd, and John Cave, of Makora, Mt Roskill Décor Ltd & Captain Scott Developments Ltd) was adjourned to Thursday 6 December at 10.45am.

Hornsby Earthmovers (Auckland) Ltd (in receivership, directors Darren & Edward Hornsby) was wound up on the application of Laurence McLean. Edward Hornsby is director of several other companies, including Hornsby Earthmovers Ltd, Whangaparaoa Heights Ltd, Okura Developments Ltd & Mt Richmond Industrial Park Ltd. Hornsby, meanwhile, filed a claim in the Auckland District Court last Friday against property developer Kenrick Wimsett, director of Medland Park Ltd, Parnell No 2 Ltd & several other development companies, and involved in development this year with Callum Baker (McLeod Construction Ltd).

Inland Revenue’s applications to liquidate Roi’s Floorsanding Services Ltd (Teaukura Roi, Te Atatu North) and Arcet Holdings Ltd (industrial property developer Andre Jorna) were adjourned to Thursday 20 December at 10.45am.

City Viaduct Café Ltd (Bing Wong & Ben Young) went into voluntary liquidation about an hour before the court application of Waterfront Retail Ltd (Vino Ramayah & Russell Clarke) was due to be heard.

Neither party appeared for Cabellos Holdings Ltd (David Taylor, Christchurch, whose other companies include Coiffure Corp Ltd)’s application to wind up Servilles Ltd (Paul & Jacci Huege de Serville). The application was adjourned to Thursday 6 December at 10.45am.

The application of Dempsey & Wood Civil Contractors Ltd (Conal Dempsey & Tony Wood) contesting appointment by shareholders of the liquidator for Red Hill Homes Ltd (now shown as Phoebe Foley; previous story) was adjourned by duty judge Justice Mark O’Regan for another week, to Thursday 22 November.

15 November 2001

District Court judgments:

City Wise associates Michael Dunphy, Ricky Fergusson & Derek Reeves have had judgment entered against them in the Auckland District Court for $138,501, owed to Kenley Holdings Ltd (Stephen Rutherford). Mr Ferguson (with Ralph Garland) formed Intelligent Property Ltd on 27 September, and is also a director of Leapfrog Investments Ltd & CL Investments Nos 1/2 Ltd (with Symon Peters of the City Wise group). Mr Reeves is also a Leapfrog director, director of 327 Adelaide Road Ltd (with Mr Peters) & director of Crown Lynn Investments Nos 1/2 Ltd.

David Hook, director of a number of operating companies but also of two in liquidation, Judder Bar (Vulcan Lane) Ltd & Orbit Bar Ltd, had judgment entered against him the Auckland District Court for $26,361 owed to Centurion Finance Ltd (American Express).

The man who spotted the potential which resulted in the Chancery project, Mark Stuart Lyon (of Mission Corporation Ltd), has had judgment entered against him in the Auckland District Court for $17,625 in favour of the Murray Cockburn Partnership.

Richard McCahon, whose Harcourts agency company, Richard McCahon Real Estate Ltd (with Harcourts Group owner Stephen Collins as his fellow director), was wound up on 27 September, has had judgment given against him in the Auckland District Court for $22,710 owed to Harcourts Group Ltd.

Murphy Construction Ltd (John Murphy, Penrose) has had judgment entered against in the Auckland District Court for $17,135 owed to the Accident Compensation Corp.

New companies

Aaron Clark Building Ltd has been formed by Aaron Clark, Westmere.

Apex Scaffolding Auckland New Zealand Ltd has been formed by William Williams & Michelle Wiremu, Northcote.

AP Fletcher Building Ltd has been formed by Anthony Fletcher, Meadowbank.

Trevor Murray, Milford, has formed Aptus Architecture Ltd with Collingwood Trustees Ltd (of Tony Schramm’s law firm, Hamilton) holding 950 of the 1000 shares.

Tom Murray (Oceania & Eastern group, headed by Geoff Ricketts & Chris Mace) has formed Bluewater Properties Ltd & Bluewater Investment Holdings, both with Bluewater Group Holdings Ltd, itself a new company, as shareholder. Shares in Bluewater Group Holdings are held jointly by Mr Murray & Mary Cooper.

Cardrona Gold Hamlets Ltd has been formed by Peter Thorburn, Keith Gosling, Robert Fountain & Ross Hawkins.

Shane Hartner (Legacy Construction Ltd, also formerly a director of various companies in his father’s collapsed Hartner Group) has formed Central Joinery Ltd, based in the old Hartner Group premises at 107 Nielsen St, Onehunga.

Husain Ahmed & Sakina Sethna Ali, (Century group & Jaafar Holdings Ltd) have formed a new company, Century Corp Ltd.

Chancery developers Brian Mead & Richard Kroon have formed two new companies, Chancery Three Ltd & Chancery Four Ltd. Highrise developments are planned behind the first stage facing Freyberg Place.

Stephen Fleming (Cintro Holdings Ltd & Strathallan College Property Investments Ltd, among a long list of companies) has formed Cintro Investments Ltd, which has invested in another new company, Wentworth College Property Ltd, with Alexander Findlay (Jamo Holdings Ltd, formerly Escalator Advertising Ltd).

Rick Martin (Cornerstone Group Ltd), with the Nautilus highrise apartment development to be built in Orewa, has formed Tamariki Ltd, Cornerstone Financial Services Ltd & Nautilus Property Management Ltd.

First Mortgage Nominees Ltd & First Mortgage Securities Ltd have been formed by Richard Wallace Herbert & Trevor Toohill. The Securities company owns the Mortgage company, while 49% of the Securities company is held by Provident Trustee Services Ltd (controlled by Mr Herbert).

Emily Place Ltd & Four Seasons Plaza Ltd have been formed by former Wellington developer Michael McCombie, with Sheryn Gieck & Terry Brandon.

Freedom Property Group Ltd, Takapuna, has been formed by John Green.

Premium Securities & Instance Finance directors Nigel & Charmain Nausbaum have brought more family members into a new company, Instant Finance NZ Ltd, with other group partners Peter Mitchell & Roland Ellis also directors.

Jenshai Properties, Sunnynook, has been formed by Jennifer Navot.

Kingston Developers Ltd and MG & JD Investments Ltd have been formed by Michael & Julia Jolley, Pukekohe.

Kosi Bay Investments Ltd has been formed by Leung Kin Wai.

Landco Pastoral Holdings Ltd & Landco Rural Trust Ltd have been formed by Greg Olliver, with the Pastoral shares held by Rural and the Rural shares held by Mr Olliver. His other interests include plans to develop at Long Bay, the Winstone quarry at Mt Wellington & a site across the creek from Gulf Harbour at Whangaparaoa.

Former McDermott Fairgray Group director and current Forsyte Research Ltd director Doug Fairgray has formed Market Economics Ltd with partners Garry McDonald & Gregory Akehurst.

Northland Land Finance Ltd has been formed by Gordon Stewart, Wellington (Metropolitan Finance Ltd, among numerous other directorships), through New Zealand Trust Nominees Ltd, in which he’s a partner with Geoff Cone (Rothschild Trust New Zealand Ltd).

Northland Holdings Ltd, Moerewa, has been formed by Phoebe Adelaide Foley, director of Red Hill Homes Ltd, which is in liquidation and was previously directed by her son, Stephen Foley, now bankrupt. Mrs Foley & Francis Foley hold the shares in the new company jointly.

New Zealand School of Feng Shui Ltd, Mt Albert, has been formed by Paul Van Wetering & Roger Green.

Platinum Pacific Homes Ltd has been formed by Martin Bamford, with another new company, Platinum Pacific Holdings Ltd, holding 99 of the 100 shares. Platinum Pacific’s shares are held jointly by Mr Bamford, Takapuna solicitor David Murray & Robert Bradford.

Property HP Ltd was formed by law firm partners Debra Dorrington & Craig Alexander in February, and they formed Property HP (No 2) Ltd in October, with Syndicated Properties formed in March.

Pueblo Ltd & Pueblo Leases Ltd was formed in early October by Tim Manning (Taradale Properties Group Ltd), Gary McNabb (Allfields Property Group Ltd & the Quest Apartment Group Ltd) & Robert Parkinson (Morrow Taylor Ltd). Pueblo is one of Taradale’s residential developments at Botany. Mr Manning has since gone on to form Marama Resort Ltd, Marama Leases Ltd (with Mr McNabb), Manuka Cove Ltd, The Orchard Ltd & 41 Smales Ltd.

Redvale Developments Ltd has been formed by Alan Davies, of Coatesville.

Regis Properties (Epsom) Ltd has been formed by Chris & Margaret Hook, with Margaret Hook, Raewyn Singleton & solicitor Michael Newdick as joint shareholders. Mr Hook is also a director of several Judder Bar companies.

Mazhar Shukri Krasniqi has formed Rural Development Trustee Ltd, with Fortune Manning Trustee Co Ltd as joint shareholder.

RWB Holdings Ltd has been formed by Stuart Robertson, of Te Atatu, with Fortune Manning law firm managing partner Tony Fortune as joint shareholder.

Shree Sitaram Properties Ltd, Mt Roskill, has been formed by Kishor & Hunsha Mehta.

Sublime Properties Ltd has been formed by Jason Overbo & Suzanne Browne.

Sunnyside Developments Ltd, Mt Roskill, has been formed by Gordon Edginton (Prendos Ltd) & Skeates Simpson Dowsett law firm partner Neil Dowsett.

United Pacific Corp Ltd has been formed by UPC group directors Bryn Jamieson & Michael Reid, who sold the Marac group to Pyne Gould Guinness.

Whitecloud Ltd has been formed by Fred Zhou & Jimmy Wu. Mr Wu was previously a director of Skyescape Ltd, which planned a slim hotel on the corner of Albert & Swanson Sts before selling the site at a discount to James Kirkpatrick.

Greg Wilkinson (Axis Property Group Ltd) has formed Wilkinson Property Group Ltd.

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U: The names behind the action, week to 29 July 2001

Your new Bob Dey Property Report column

This is the second appearance of a new page on The Bob Dey Property Report, called simply U.

It will contain a mixture of property and other information, company formation, the down side of business, market bits & pieces, probably fairly cryptic and rushed.

The weekly Snapshots tend to contain formal information, while other stories on the website are generally structured. U will contain snippets, less often from formal sources, maybe unstructured and incomplete.

27 July 2001

Bonito Construction Ltd (Campbell Kells) faces liquidation on the application of Mega Merger Interior Exteriors Ltd (Gordon Pryor). The application will be heard in the Auckland High Court at 10am on Thursday 16 August.

IBS Construction & IBS Steel Framing Ltd (John Coker & John Cunningham) have been wound up by their shareholders, with Brendon Gibson & Steve Lawrence of Ferrier Hodgson appointed liquidators. International Building Systems NZ Ltd was wound up earlier. IBS Franchise Systems Ltd and IBS Group Ltd remain alive. Mr Cunningham is also a director of Caltech Capital Partners Ltd.

Chelsea Enterprises Ltd (the former Southside Investments Ltd of Chris Jones & Larry Eade) was placed in liquidation by its shareholders on 16 July, with John Vague & Graeme McDonald of McDonald Vague & Partners appointed liquidators, three days before an application to wind it up was due for hearing in the High Court. That application was by Gerard Hulst, as liquidator of Chelsea Close Ltd, another Jones/Eade company.

25 July 2001

Environment Court

Environment Court judge David Sheppard on Monday gave Russell McVeagh lawyer Christian Whata time to ponder an application to suppress evidence in the Sylvia Park town centre application before the court, and this afternoon Mr Whata withdrew the application. He’s been appearing for Westfield NZ Ltd and also for Panmure town centre businesses in opposition to the Kiwi Income Property Trust plan for a new centre on the old Mt Wellington industrial site. One of the Panmure opponents, John Maze, bought the New World supermarket recently and has every intention of selling it — so on one hand is talking up the price while on the other claiming Sylvia Park will hurt the business. The Panmure predicament and influence are real ones, though: the Lake Park proposal by Fletcher/Brierley for the Lunn Ave quarry was canned by city councillors for its likely effect on the nearby Panmure centre. Judge Sheppard was kind enough to ask (in my absence) if the media (in particular me) had been served with the confidentiality application, and of course was told that hadn’t been done.

Liquidation proceedings

Lawyer Bob Warburton has applied to wind up Australasian Properties Ltd, to be heard in the Auckland High Court at 10am on Thursday 16 August 2001. This company doesn’t appear on the Companies Registers. Among similarly named companies, Australasian Properties & Finance Ltd (Richard Dante Mitri) has its registered office at Mr Warburton’s law firm, and Australasian Properties NZ Ltd (Mr Mitri again) has its registered office at 902B Mt Eden Rd.

Michael Uren has applied to wind up New Lambton Holdings Ltd (William Hawken). The application will be heard in the Auckland High Court at 10.45am on Thursday 30 August 2001.

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U: The names behind the action, week to 25 November 2001

Your new Bob Dey Property Report column

This page contains a mixture of property and other information, company formation, the down side of business, market bits & pieces, probably fairly cryptic and rushed.

The weekly Snapshots tend to contain formal information, while other stories on the website are generally structured. U will contain snippets, less often from formal sources, maybe unstructured and incomplete.

22 November 2001

The attempt by Dempsey & Wood Civil Contractors Ltd to overturn the appoint of a liquidator to Red Hill Homes Ltd continued in the Auckland High Court today, when Justice Judith Potter allowed a two-week adjournment to 6 December so Dempsey & Wood’s counsel, Eugene St John, could get an affidavit from the official assignee.

Red Hill Homes’ shareholders, Stephen & Kim Foley, were bankrupted in August. They claimed to be holding their shares for a trust and handed them over to new trustees on bankruptcy.

Mr St John has challenged the propriety of the trust’s position, but said information had been slow to come from liquidators Meltzer Mason Heath, while the Foleys had sought privilege, stopping the official assignee from responding so far.

For the liquidators, counsel Brett Vautier said there was no evidence to suggest their appointment was other than valid. The liquidation was “somewhat hamstrung” by the continuing challenge, he said.

Liquidation list, 22 November

The application of Allied Concrete Ltd to wind up Dallas Concrete Ltd (David Tharp, Te Atatu South) was adjourned to Thursday 7 February 2002, with settlement of the debt expected.

Soul Train Café Ltd (John James Penny, Pt Chevalier) has applied for a stay on the application of Thomas Rupert & another to have it wound up, to be heard on Monday 4 February at 2.15pm.

Mahia Road Developments Ltd (Andrew James Lamont Turner) has settled its debt to W Stevenson & Sons Ltd and the Stevenson application to have Mr Turner’s company wound up was struck out.

Filtration International Ltd (Kathleen Christopher) has settled its debt to Fletcher Steel Ltd and the Fletcher application to have Filtration International wound up was struck out.

Settlement negotiations are underway between Bella Design (International) Ltd (Neil Whitehouse, Henderson) and Inland Revenue and the IRD’s liquidation application was adjourned to Thursday 20 December at 10am.

The application of BOC Gases NZ Ltd to wind up Cactus Jacks Saloon Ltd (Graeme Rex Brown) was adjourned to Thursday 13 December at 10,45am to allow for advertising.

Giant Contractors Ltd (Lance Ludolph) had the application of Benchmark Building Supplies Ltd to wind it up struck out after Master Faire was told Giant had applied to set aside the statutory demand on which the liquidation application was based, and the dispute had been transferred to the Disputes Tribunal.

Hogan Developments Ltd (Robyn Hogan) settled its debt to Steven & Rosemary Allen and their liquidation application was struck out.

Inland Revenue’s application to liquidate Tokaanu Hotel (1999) Ltd (Anthony & Pamela Plunkett) was adjourned three weeks ago but that didn’t happen — because, the IRD’s courtroom lawyer confessed, the taxman believed “advertising would destroy any hope of the defendant selling the business.”

The department was back in court today seeking — and getting — another adjournment. This time it was “to keep this matter alive”: the company had paid $60,000 of the $65,279 claimed, but the department had found another $88,000 owing.

Said Master Faire: “You can’t have your cake and eat it too. They’ll have to file a formal affidavit of amendment and advertise.”

When told of the reason for not advertising, Master Faire said: “that’s just using the companies court for an improper purpose. If this company is insolvent a liquidation should be ordered. If it’s not insolvent, there are many other ways of collecting money.”

Improper purpose by the taxman or not, Master Faire allowed the adjournment to Thursday 13 December at 10.45am.

Palace Construction Ltd (Philip Howlett) was wound up on the application of Inland Revenue, with Steve Lawrence & Brendon Gibson (Ferrier Hodgson) appointed liquidators. Mr Howlett’s previous company, Global Construction Ltd has been wound up & struck off the register.

0800Sanders Ltd (Daryl Harford) was ordered wound up on the application of Inland Revenue even though it’s already been placed in liquidation and struck off the register, as a search of the companies register would have shown the Crown Solicitor’s office, which acts for the IRD.

The company was struck off on 17 October. The IRD filed its application on 5 October, but only advertised it on 8 November. Gerard Hulst was appointed liquidator, which seems unlikely to be a time-consuming job.

Saltwater Marinas Ltd (Mark Truscott, also a director of the Lyttelton marina companies, which are in receivership, Pacific Marina Holdings Ltd & Truscott Management Ltd) went into voluntary liquidation on 16 November, after Inland Revenue applied to wind it up. The IRD application was struck out.

B&H Plasterers Ltd (Wayne Brown & Denise Hutton-Brown) was wound up on Inland Revenue’s application, with the official assignee appointed liquidator.

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U: The names behind the action, week to 5 August 2001

Your new Bob Dey Property Report column

This is the third appearance of a new page on The Bob Dey Property Report, called simply U.

It will contain a mixture of property and other information, company formation, the down side of business, market bits & pieces, probably fairly cryptic and rushed.

The weekly Snapshots tend to contain formal information, while other stories on the website are generally structured. U will contain snippets, less often from formal sources, maybe unstructured and incomplete.

3 August 2001

Pauanui Lake Resort Ltd (Gary & Angela MacDougall) was placed in the hands of receiver Stephen Tubbs, of BDO Spicer in Christchurch, on 1 August. Mr MacDougall began an ambitious $34 million resort project three years ago — 153 residential sections, mostly round the edge of an 18-hole golfcourse, and a 60-room lodge on a 100ha Duck Creek property that runs along a valley 4km from Hoppers’ Pauanui coastal development. Pauanui Lake Resort arranged finance at the end of May with NZ Commercial Mortgage Nominee Co Ltd and Project Mortgages Ltd, both of Christchurch, and Works Infrastructure Ltd, which had undertaken work on the project.

2 August 2001

Three-times-bankrupt property developer Graeme Raymond’s appeal against a 13-month jail sentence (for contributing to the most recent bankruptcy by gambling and extravagant living) has been set down for a 21 August hearing by the Appeal Court, in the Auckland High Court. Raymond’s been on bail pending appeal, and if his sentence is confirmed he could still apply for home detention.

Paradise Estates Ltd (Dennis Hedley) faces liquidation at the hands of the Inland Revenue in the Auckland High Court, 10am on 16 August. Also in the taxman’s latest batch of liquidation applications are Eastcity Builders Ltd (Brian Paladin, Dannemora), due for an Auckland High Court hearing at 10.45am on 16 August, and Riversdale Lane Ltd (Hamish Buxton).

Infrastructure Auckland will revisit the Britomart mystery bus stop funding issue at 9.30am on Monday, 6 August. The cautious provider of largesse will consider Auckland City Council’s application for funding for the Waitemata Waterfront interchange at its meeting room, level 13, 155 Queen St.

The Auckland Regional Council has been given district court judgment for $1729 against Waimumu Estates Ltd (Nicholas Fisher & William Hawken). Another Hawken company, New Lambton Holdings Ltd, faces liquidation in the Auckland High Court on 30 August.

Atlas Concrete Ltd has district court judgment for $16,000 against Keith Niederer, of St Heliers and of Pelmec Industries Ltd.

New companies:

Among companies recently incorporated, Andi (Robyn Anne) & George Wheeler have formed Andi Wheeler – Spaces Design Studio Ltd in Glanville Tce, Parnell.

The latest property syndication company for Dominion Funds (Money Managers) is Auckland IT Centres Ltd (Richard Lynch, Alastair Hasell & Paul Duffy the shareholders, Money Managers founder Doug Somers-Edgar added as a director). They’ve also formed IBRC Nominees Ltd on the same basis.

Kieran Trass, of Mortgagenet Investments Ltd, brokerage and advisory businesses, has formed Banxrobber Ltd.

Property developer Arthur Morgenstern has formed Boatese Ltd.

Ken Bogue, of

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U: The names behind the action, week to 2 December 2001

The column that ties 2+2 together

This page contains a mixture of property and other information, company formation, the down side of business, market bits & pieces, probably fairly cryptic and rushed.

The weekly Snapshots tend to contain formal information, while other stories on the website are generally structured. U will contain snippets, less often from formal sources, maybe unstructured and incomplete.

1 December 2001

The Control Room Bar Ltd (Lau Yat Fan) was wound up by its shareholders on 26 November and Anthony Harris (Harris Neil & Associates Ltd, St Heliers) appointed liquidator. Mr Harris has given creditors until 21 December to file proofs of debt. The company was based in the Mid City basement at 239 Queen St, the same place Mr Lau began his New Zealand entertainments business a decade ago. His earlier companies, Yifan Entertainments Ltd & Yifan Holdings Ltd, are also in liquidation. Former Savoy Equities Ltd director Jihong Lu told creditors at his High Court public examination in October that Mr Lau was a close family friend who had lent him $1.1 million, but because Mr Lau was a family friend he hadn’t listed him as a creditor in his bankruptcy, effectively saying the debt would be dealt with outside the bankruptcy provisions of the Insolvency Act.

First Christmas card of the season comes from a liquidator… Thanks Bill, Bernie & Steve, though I’m not sure the message is one I want to receive.

Rodney District Council’s innovative approach to economic growth, a series of forums bringing public & private sectors together to focus on options of where & how to go forward, goes to a fourth forum on Tuesday 11 December, with feedback and an indication from the council on action it’s taking to address operational issues. Another outcome of the forum series: there was talk of a farmers’ market, which has resulted in Shirley Clark at Sheepworld, on State Highway 1 north of Warkworth, offering a potential site, but wanting feedback first. Co-operative capitalism.

The application by TG Paterson Contracting Ltd (Terry & Karen Paterson) to wind up The Open Fields Co Ltd (Bob Wickham; the company was formerly Wickham Developments Ltd), advertised today, was adjourned at the end of October for hearing in the Auckland High Court on Monday 21 January at 10.45am (though I suspect it should be set down for Thursday 24 January, the normal day for hearing liquidation applications). It was a single long adjournment to allow settlement or for the creditor to proceed with its application, which was filed way back on 7 June. Harrison Grierson Consultants Ltd also applied in June to wind up Open Fields. Its application has been adjourned to Thursday 7 February at 10am.

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U: The names behind the action, week to 19 August 2001

Your new Bob Dey Property Report column

This new page on The Bob Dey Property Report is called simply U.

It contains a mixture of property and other information, company formation, the down side of business, market bits & pieces, probably fairly cryptic and rushed.

The weekly Snapshots tend to contain formal information, while other stories on the website are generally structured. U will contain snippets, less often from formal sources, maybe unstructured and incomplete.

19 August 2001

Adrian Chisholm, still awaiting judgment in his High Court case against Auckland City Council over the “Sludgegate” case on Waiheke Island, has been appointed to run Kiwi International hotel group owner Ray Schofield’s New Zealand operations. Mr Schofield’s New Zealand chief executive, Ron Lane, has moved up to become chief executive for both Australia & New Zealand, based at the Kooralbin resort inland from Brisbane.

17 August 2001

A bunch of 80s survivor Gerald Williams’ companies were placed in the hands of liquidators John Buchanan & Steve Hotchin this week. Mr Williams’ listed property development company, Mayfair Corp Ltd, and Mayfair Developments Ltd, won agreement for a scheme of arrangement in 1990, but Messrs Buchanan & Hotchin took charge of Mayfair Developments and Mayfair Developments NZ Ltd in September last year. Four more added to the liquidation pile on Wednesday were Mayfair Developments North Shore Ltd, Mayfair Developments Parnell Ltd (which had plans for airspace over a council carpark on Parnell Rd), Mayfair Investments Ltd and Mayfair Investments Christchurch Ltd. Also wound up is Argyle Residential Ltd (where Christopher McGregor-MacDonald of MacRennie Construction Ltd was also a director).

Halifax Finance Ltd (Paul Francis Brownie, Nelson) has applied to wind up the Jaffe Trust Co Ltd (Fay Jaffe), the company which came to the rescue of now-jailed fraudster Eric Isadore Jaffe in 1998, when his deals had unwound and the ASB Bank took his home and three other Ring Terrace apartments overlooking St Marys Bay to mortgagee auction. Mr Jaffe stepped up as the buyer at the Barfoot & Thompson auction, but the trust company was registered in his wife’s name. Mr Jaffe was sentenced in May to four years’ jail. He turns 80 on 28 August.

Laurie Newhook has joined the Environment Court bench in Auckland after 25 years as a partner at Brookfields (and its predecessors). The court also got a new commissioner this month, Heather McConachy, while Andrew de Lisle is heading case management at the Environment Court in Auckland and will shortly have two assistant case managers to serve the Auckland-resident judges. Day-to-day management of Auckland cases will also revert to the court’s Auckland office, instead of having to be passed to Wellington and back again. The court has two courtrooms in Auckland and will add a third. Next up will be an increase in workload for counsel and experts working on resource management cases as they try to appear in three courts at once, followed, presumably, by an increase in the number of counsel and experts — or, maybe, the case managers will be extremely effective, the process will be streamlined and fewer appearances will be needed.

Rod Webber leaves his role as marketing man at Colliers Jardine next week to join the growing forces of HG Livingstone Ltd, leasing retail space. Livingstone’s, of Christchurch, is growing its mall management business, with five under its wing after taking on Pacific Plaza at Whangaparaoa. It has Bayfair in Tauranga, Southmall in Christchurch, Goldfields in Thames and is in Palmerston North.

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U: The names behind the action, week to 26 August 2001

Your new Bob Dey Property Report column

This new page on The Bob Dey Property Report is called simply U.

It contains a mixture of property and other information, company formation, the down side of business, market bits & pieces, probably fairly cryptic and rushed.

The weekly Snapshots tend to contain formal information, while other stories on the website are generally structured. U will contain snippets, less often from formal sources, maybe unstructured and incomplete.

22 August 2001

Former auctioneer Ross Foreman is back in the Bayleys fold, setting up a Mt Eden franchise in partnership with Bryan Richardson, who runs Bayleys’ Newmarket office. Mr Foreman has spent five years running an auctioneering school and is keen to get himself back on the street. He’s thrown down the gauntlet for the competition: “All our research indicates that a high percentage of the properties are sold in this area without any meaningful marketing, and I believe it possible in many cases to get higher prices for these homes.” The new office is a couple of doors outside the Mt Eden village, in a house on the city side of Oaklands Rd at 408 Mt Eden Rd, and officially opens next Tuesday.

21 August 2001

John Vague & Graeme McDonald were appointed liquidators of Bonito Construction Ltd (Campbell Kells) on 16 July. Proofs of debt must be filed with the liquidators by 16 September.

CSR Building Materials NZ Ltd has applied to wind up Core Construction Ltd (Mark Lyndsey & Jean Hunter). The application will be heard in the Auckland High Court at 10.45am on Thursday 30 August.

20 August 2001

Eastcity Builders Ltd (Brian Paladin, Dannemora) was wound up in the Auckland High Court last Wednesday, with Steve Lawrence and Brendon Gibson of Ferrier Hodgson appointed liquidators. Wound up the same day, with Gerard Hulst appointed liquidator, were Paradise Estates Ltd (Dennis Hedley) and Riversdale Lane Ltd (Hamish Buxton). Riversdale Lane was also placed in receivership two days earlier, with Stuart Robertson of Te Atatu North as receiver.

Mays Road Developments Ltd (Rod & Greg Nielsen) was wound up on 16 August and Balmoral Rd accountant Daran Nair appointed liquidator. Proof of debts is required by 14 September.

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U: The names behind the action, week to 30 September 2001

Your new Bob Dey Property Report column

This new page on The Bob Dey Property Report is called simply U.

It contains a mixture of property and other information, company formation, the down side of business, market bits & pieces, probably fairly cryptic and rushed.

The weekly Snapshots tend to contain formal information, while other stories on the website are generally structured. U will contain snippets, less often from formal sources, maybe unstructured and incomplete.

27 September 2001

Jaffe Trust Co Ltd (Fay Jaffe, wife of jailed fraudster Eric Jaffe) was wound up in the Auckland High Court on the application of Halifax Finance Ltd (Paul Brownie, Nelson).

Red Hill Homes Ltd (director now shown as Phoebe Adelaide Foley) was subject of a liquidation dispute in the Auckland High Court today. Dempsey & Wood Civil Contractors Ltd sought to have the company wound up, but counsel for the company, Brett Vautier, told Master Venning that Arron Heath of Meltzer Mason Heath was appointed liquidator by the shareholders on Monday 24 September. After dismissing the Dempsey & Wood application, Master Venning allowed it to be recalled, found issues needing further consideration and adjourned the hearing to Thursday 1 November at 10am. Story: Red Hill Homes liquidation under scrutiny

Harrison Grierson Consultants Ltd agreed to a final adjournment in the Auckland High Court today to its application to wind up The Open Fields Co Ltd (Bob Wickham). The application, filed on 20 June, had not been advertised. The adjournment, to 10am on Thursday 1 November, is to allow the bulk of settlement funds to be paid over the next three weeks.

Lawyer Bob Warburton was happy to allow his application to wind up Australasian Properties NZ Ltd (Richard Dante Mitri) to be struck out in the Auckland High Court today, saying part payment had been made. Another of Mr Mitri’s companies, Australasian Properties & Finance Ltd, has its registered office at Mr Warburton’s law firm.

26 September 2001

Cullen Investments Ltd (Eric Watson) is doing due diligence on restructuring its own portfolio with that of Axis Property Group Ltd (Greg Wilkinson), but Mr Wilkinson said he was not about to leave the business. He said today he was looking at handling Cullen’s development plus doing his own thing, leaving management of a total $150 million portfolio to others. He’d found he’d become more a manager of people than of property. Phil Newland, at Cullen, said there was no time limit on the due diligence, while Mr Wilkinson said: “I haven’t really done a deal yet, it’s just an idea.” His latest project for Axis is a 7-8 tenancy convenience retail project on the former Liquorland site up from Farmers (and H47) on Albert St, bought from the Herbert family.

Three-times bankrupt developer Graeme Raymond, who turned 39 this month, remains out of jail a while longer as three Appeal Court judges (Gault, Salmon & Keith) ponder his appeal against conviction & sentence. One appeal the Crown hasn’t made, but which the judges thought they could still deal with, was the issue of home detention. Mr Raymond’s lawyer, David Jones, said his latest three-year bankruptcy period expired on 26 August, but Mr Raymond had agreed with the Official Assignee not to be involved in management of a company for five years.

25 September 2001

Gateway Homes Ltd, which changed its name to McSmith Builders Ltd (David Smith & Duncan McLay), has gone into voluntary liquidation under the new name and sold its assets to a new Gateway Homes Ltd (Philip Curson) incorporated in June. The liquidator of the old company is Howick accountant Nigel Wallace.

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U: The names behind the action, week to 2 September 2001

Your new Bob Dey Property Report column

This new page on The Bob Dey Property Report is called simply U.

It contains a mixture of property and other information, company formation, the down side of business, market bits & pieces, probably fairly cryptic and rushed.

The weekly Snapshots tend to contain formal information, while other stories on the website are generally structured. U will contain snippets, less often from formal sources, maybe unstructured and incomplete.

30 August 2001

Dempsey & Wood Civil Contractors Ltd has applied to wind up Red Hill Homes Ltd (Phoebe Adelaide Foley). The application, lodged on 11 May, will be heard in the Auckland High Court on Thursday 27 September at 10am.

29 August 2001

Confusion at the High Court, courtesy of the court’s inability to order its affairs in a remotely adequate manner: Former Savoy Equities/Britomart director Jihong Lu was summoned to appear for public examination at the courthouse at 11.45am today, as a bankrupt whose affairs the official assignee felt should be examined. The court failed to list this hearing on any of its court lists tacked to noticeboards around the building — except, eventually, a handwritten addition to one of these notices. In the bankruptcy court run by Master Tomas Kennedy-Grant, Mr Lu’s public examination was first up on the 11.45am miscellaneous list but wasn’t called. Mr Lu’s lawyer for the event, Michael Whale, sat and wondered. Eventually Master Kennedy-Grant apologised for not calling the matter and announcing that it had shifted to the duty judge’s court because, the master said, he didn’t have jurisdiction. Justice David Morris had deferred the matter to 12.30pm and had a few onlookers waiting around for the event. Mr Lu had been ready to appear, but counsel had agreed on an adjournment to 3 October at 10am. The hearing’s set down for a day.

Home Improvements Tauranga Ltd (in receivership) has applied to wind up Tauranga Developments Ltd, formerly Quayside Developments Ltd (Nigel Williams). The application will be heard in the Auckland High Court on Thursday 6 September at 10.45am. Other Williams companies are Bean Rock Developments Ltd, 2000 Ltd (previously Quayside Developments 2000 Ltd), and apartments companies Bean Rock, Paramount and Killarney St Apartments Ltd.

Fletcher Concrete & Infrastructure Ltd (Firth) has applied to wind up Parnell Developments Ltd (Andrew James Lamont Turner). The application will be heard in the Auckland High Court on Thursday 13 September at 10am

28 August 2001

Ports of Auckland apparently has another 17ha of Waitemata waterfront land to go on the market, this time including Wynyard wharf and the tank farm. The first 18ha nearer the central business district was bought for $75 million in 1996 by the Tramco boys, formalised as Viaduct Harbour Holdings Ltd.

Richard Kroon doesn’t give up easily. One of the team to develop Chancery, the city retail/office project on the old NZI site back of Freyberg Square (which is now fully leased), Mr Kroon was back in the Environment Court today with a four-storey application for his Anzani Investments site at 87-109 Clyde Rd, behind the beachfront reserve in Browns Bay. Previous five-storey proposals, including apartments and parking space above shops on the ground floor, have run an inordinately complicated consent path, and the compromise four-floor proposal still has numerous locals (and the North Shore City Council) up in opposition.

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