Archive | 2001

U: The names behind the action, week to 9 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.

3 September 2001

Among the names to pop up as election candidates in October, one Alan Ross Meurant is standing for the Central Waikato seat on Environment Waikato.

In Auckland City, David Hay is standing again for the Avondale-Roskill ward. Cllr Hay was deputy mayor under Les Mills and was tarred with the Britomart extravaganza brush at the last election but survived the heavy vote against Britomart supporters. He’s been a lone voice over the past three years, questioning the replacement project, and has won a few pats on the head from fellow councillors as an antique who wouldn’t be put down. His demand has been simple: a cost/benefit analysis, please. As other councillors were laying into developers fairly freely during the discussion on developer levies at a special council meeting last week, Cllr Hay remarked that “the comment that the developer is going to pay is just crazy.” The tone of the discussion had been one of “Fleece the developer because he’s wealthy, doesn’t have the city’s interests at heart and we don’t like him.” Said Cllr Hay (of the Keith Hay Homes family): “Developers don’t have a big bucket of dough.” He figured levies ultimately came from the raw land value or property buyers.

In the Hobson ward, sometime mayoral aspirant Victoria Carter has four current community board members as fellow candidates (William Cairns of mortgage firm Cairns Lockie, Julie Chambers, chairman Judith Dickens, and Stephen Goodman), Heart of the City director Alex Swney and — the only candidate without a tag — Brent Clode. Mr Clode is one of the busiest medium-density developers in Auckland. Absent from the candidate list are Dame Barbara Goodman and anti-Britomart campaigner Jon Olsen.

The retirement of Dame Barbara Goodman and Frank Ryan creates (at least) two vacancies to be filled on the planning fixtures sub-committee, which allots commissioners to hear notified consent applications and deals with issues of time and notification. Committee chairman Juliet Yates and the fourth committee member, Kay McKelvie, are standing for re-election. The committee’s previous chairman Gordon Johns, was ousted last election but is standing for the Eden-Albert community board this time. Architect Colin Leuschke and developer Greg Liggins are standing for the Hobson community board.

In Manukau City, hearings committee chairman Norma Lewis, suffering from ill health for some time, has not stood for re-election.

In Papakura, Cllr Allan Bell has withdrawn from the council race to stand for the Auckland Regional Council’s Franklin-Papakura seat. He’s also represented Papakura on the Regional Growth Forum.

In North Shore City, Cllr Joel Cayford — a conservationist who is always looking for a more sensible and less damaging way of doing things — is standing for the mayoralty and the Central ward. Six sitting councillors are standing again for both the council and their community boards. Other community board candidates include Browns Bay real estate agent John van Lierop for the East Coast Bays board and planner David Thornton for Glenfield, and for a Harbour ward council seat.

Core Construction Ltd (Mark Lyndsey & Jean Hunter) was wound up in the Auckland High Court on 30 August on the application of CSR Building Materials NZ Ltd. Steve Lawrence & Brendon Gibson (Ferrier Hodgson) were appointed liquidators.

St Ayr Group Ltd (Vincent Papesch) was wound up in the Auckland High Court on 30 August. Steve Lawrence & Brendon Gibson (Ferrier Hodgson) were appointed liquidators. Mr Papesch was also a director of Blake St Developments Ltd, also in liquidation.

Hamilton insolvency practitioners Dennis Parsons & Katherine Kenealy were appointed liquidators of Quality Construction Building Services Ltd (Geoffrey Dennis) on 30 August.

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U: The names behind the action, week to 16 December 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.

13 December 2001

Grant Unsworth quit NZ Guardian Trust Funds Management after four years as property investment manager at the beginning of November to form his own company, Unsworth Properties Ltd, will still have one GT-related role for a while but has big plans to take on an advisory role in acquisitions & disposals for new clients next year. With experience at AMP before going overseas and four years at Schroeder Properties in London before his time at Guardian Trust, Mr Unsworth is looking at new entrants to the Auckland region and at institutions. “I’ve also always been interested in setting up another property fund, a unit trust. I do think there’s potential for that,” he said.

Lawyer Eugene St John has abandoned his attempt on behalf of Dempsey & Wood Civil Contractors Ltd to overturn the appointment of partners at Meltzer Mason Heath as liquidators of Red Hill Homes Ltd on the resolution of shareholders. Mr St John had been seeking a court-ordered appointment instead.

High Court liquidation list, Thursday 13 December 2001

Application by Phil Waterhouse Ltd (Carol Waterhouse) to wind up Mainsflow Properties Ltd (Mark Wall) was adjourned to 10am on Thursday 20 December to allow a liquidator’s consent to be filed, and then to proceed to liquidation.

Centra Forklifts Ltd (Allan Wadams & Robert Boniface) had its application to liquidate Karaka Cable & Drainage Ltd (Ian & Christine Phillips) adjourned to 10am on Thursday 20 December, but only after Master Faire was told Mr Phillips was in hospital. The court master said parties couldn’t ignore statutory demands then expect a series of adjournments in court while they sorted matters out. He was told the debt had been due since February, the statutory demand was served in July, and the applicant had offered to have the money paid to an independent lawyer if it was disputed.

Spencer Rd Developments Ltd (Douglas Hoskins & Albertus Voskuilen, Birkdale) settled with CSR Building Materials NZ Ltd to avoid liquidation on 1 November, but faced a new application filed by LD Carr on 25 October. That application was withdrawn today.

Proam Tables & Accessories Ltd (Alan Robertson, Henderson, who also formed Proam Holdings Ltd in February) was wound up on the application of Westpac Bank. John Cregten & Steve Tietjens were appointed liquidators.

Ultimate Motors Ltd (Graeme Martin & Gregory Main) was wound up on the application of Sylvia Park Business Centre Ltd (Kiwi Income Property Trust), with the Official Assignee appointed liquidator.

New Lynn Ltd (Symon Peters of the City Wise group) was wound up on the application of City Sales Ltd (Martin Dunn). Judith Fatupaito & Richard Agnew (PricewaterhouseCoopers) were appointed liquidators.

Inland Revenue had Australasian Distributors Ltd (Catherine Panettiere & Craig Mudgway) ordered into liquidation, with Steve Lawrence & Brendon Gibson (Ferrier Hodgson) appointed liquidators. The Companies Office online register shows the company was struck off the register on 22 September.

Inland Revenue had Jeff Andrews Decorators Ltd (Jeff Andrews, Glenfield) wound up, with the Official Assignee appointed liquidator.

Inland Revenue withdrew its application to wind up MF & DA Coombes Rest Home Ltd (Mervyn Coombes, also a director of Eden Holdings Ltd, Eden Electroplaters Ltd & Agencies 2001 Ltd) after the demand was settled. Lawyer Chris La Hatte said a number of other companies with similar ownership would appear on the liquidation list next week, but had also settled. The total tax bill was about $200,000.

The application of Colin Mackenzie Plastering Ltd (Colin & Andrea Mackenzie, Milford) to wind up Hartner Trustee Ltd (Wayne & Gaile Hartner, of the collapsed Hartner construction group) was adjourned to 10.45am on Thursday 7 March 2002 to comfirm a two-day court fixture. The application was filed in court on 27 June.

Calypso Electra Industries Ltd (Bruce Fowler & Stephen Cotter) was wound up on the application of Calypso Sheetmetals Ltd (Ken & Linda King), with Steve Lawrence & Brendon Gibson (Ferrier Hodgson) appointed liquidators.

Neville D Rope Builders Ltd (Neville & Teresa Rope) was placed in liquidation on Monday by its shareholders, who appointed Jeff Meltzer & Karen Mason (Meltzer Mason Heath) as liquidators. The company faced a winding-up application in court today, which was struck out. Mr Rope is also director of Orakei Holdings Ltd.

Inland Revenue’s application to liquidate Tokaanu Hotel (1999) Ltd (Anthony & Pamela Plunkett) was filed in September but not advertised, because the taxman believed “advertising would destroy any hope of the defendant selling the business,” the department’s courtroom lawyer said in November. Despite criticism from Master Faire for improper use of the companies court, another adjournment was given until today. This time, the application to liquidate was withdrawn.

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U: The names behind the action, week to 16 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.

10 September 2001

Jeff Meltzer & Karen Mason of Auckland insolvency firm Meltzer Mason Health have been appointed receivers of Christchurch-incorporated Golden Resorts International Ltd (Essam Elkhishin) and of Hamilton-incorporated Calais Mount Resort Ltd (Bill Gallagher & Robert George Murray).

Inland Revenue has applied to wind up Paynter Construction Ltd (Richmond Paynter). The application will be heard in the Auckland High Court on Thursday 27 September at 10.45am.

Placemakers Albany (Fletcher Distribution Ltd) has applied to wind up Seacliffe Properties Ltd (Murray & Jennifer Calder). The application will be heard in the Auckland High Court on Thursday 27 September at 10.45am.

Continuous Spouting Auckland Ltd has applied to wind up PRD Construction Management Ltd (Raymond Douglas Paterson). The application will be heard in the Auckland High Court on Thursday 27 September at 10.45am.

BMW Finance Services of NZ Ltd has applied to wind up Savoy Homes International Marketing Ltd (Lindsay Ellery & Alan Ferens). The application will be heard in the Auckland High Court on Thursday 20 September at 10am.

Liquidators of Discovery Developments Ltd (Melvin & Judith Lee) have called a creditors’ meeting for Tuesday 18 September at 11am, at the liquidators’ office, Meltzer Mason Health, 345 Queen St. This notice was published last Thursday, the day of a High Court hearing of an application to wind the company up.

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U: The names behind the action, week to 23 December 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.

20 December 2001

High Court liquidation list, Thursday 20 December 2001

In the wash-up liquidation court of the year in the Auckland High Court, Mainsflow Properties Ltd (Mark Wall) was wound up on the application of Phil Waterhouse Ltd (Carol Waterhouse). Gerry Rea & J Leonard (Gerry Rea & Associates) were appointed liquidators.

Ranui Station Developments Ltd (John Cave & Wallace Bayne) was wound up on the application of United Networks Ltd. Bernie Montgomerie & Steve Graham (Bernie Montgomerie & Associates) were appointed liquidators.

The application of Centra Forklifts Ltd to wind up Karaka Cable & Drainage Ltd (Ian & Christine Phillips) was discontinued & struck out.

The Inland Revenue application to wind up Bella Design (International) Ltd (Neil Whitehouse) was withdrawn after settlement and the Inland Revenue application to wind up Arcet Holdings Ltd (André Jorna) was withdrawn after most of the debt was paid & arrangement was reached to complete payment.

Three other Inland Revenue applications were adjourned — Resplendent Services No 124 Ltd (Rex Terral) and Central Trading Services Ltd (Alfonso Liguori) to 10.45am on Thursday 14 March, Roi’s Floorsanding Services Ltd (Teaukura Roi, Te Atatu North) to 10.45am on Monday 21 January. Mr Liguori’s other companies include Onyx Construction Ltd, Mega-Store Holdings Ltd, George Court & Sons Ltd & Elmo Holdings Ltd (placed in receivership at the end of September).

The application of Francis Huysdens & others to wind up Lincoln Aluminium Ltd (Mr Huysdens & Peter Lambert) was adjourned to 10am on Monday 21 January 2002.

18 December 2001

Creditors of New Lynn Ltd (Symon Peters) have been given until Thursday 28 February to file proofs of debts with the liquidators, Judith Fatupaito & Richard Agnew (PricewaterhouseCoopers). New Lynn Ltd was wound up in the Auckland High Court last Thursday.

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U: The names behind the action, week to 21 October 2001

Your new Bob Dey Property Report column

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.

21 October 2001

New companies:

Colin Stuart Godfrey of College Hill, Ponsonby, has formed Ariki Properties Ltd, CSG Properties Ltd & Loudin Holdings Ltd.

Steven & Doreen Bolton, Albany, have formed Building Projects & Maintenance Ltd.

Andrew Crosby, a top student at Auckland University’s property school who joined Tony Gapes at Eden Village developer Redwood Group Ltd, has brought in two more members of the Crosby family as shareholders with Redwood in Building Software Solutions Ltd. Tony Gapes & Andrew Crosby are directors.

Chancery’s well known as the flash new fashion quarter, extending the traditional High St fashion precinct in downtown Auckland, but not all Chancery companies are connected to the developers. Chancery Property Investments No 1 Ltd was formed in September by Praful, Renuka & Narendra Patel, of Pakuranga, and Chancery Property Investments No 2 Ltd by the Patels this month. Chancery developers Richard Kroon & Brian Mead formed Chancery Two Ltd last month.

The Money Managers (Doug Somers-Edgar) property offshoot, Dominion Funds Ltd, has formed Commercial Property Finance Ltd (Alastair Hasell, Richard Lynch & Paul Duffy).

Fundamental Technology NZ Ltd (Soren Kierkegaard & Wayne Byrne, c/- accountant Kevin Rainey, Heather St, Parnell) has formed Construction Evolutions NZ Ltd, with other shareholders Kevin McColl, Harley Winston Burr & Jaliarc Inc, and Richard Gentle. The Kierkegaard-Byrne combination has several Evolutions companies — others are Coating/Manufacturing/Refractory/Sealing Evolutions NZ Ltd.

More new companies in the construction line are Construction Resources Ltd, Takapuna (Kevin & Janette Hulena), and Construction Service Co (Wellington) Ltd (Clifton Irwin, Lower Hutt, owned by him through Construction Trustees Ltd).

Barfoot & Thompson Commercial chief Layne Harwood has formed Dacre Properties Ltd.

Auckland rugby captain Xavier Rush & halfback Steve Devine have formed Developers.com Ltd. No sign of a web address yet.

Digital Building Ltd has been formed by Robert Dennis, Whangaparaoa.

Lindsay Ellery is the sole director of E & E Developments Ltd, with the 100 shares held by Eatson Properties Ltd (William Eatson, of Eatson & Francis Contractors Ltd, Carbine Rd, Mt Wellington). Mr Ellery, who had been developing in West Auckland, has had three companies go into liquidation in the past year — Westbrook Development Ltd, Westbrook Heights Ltd (both with John McKittrick as fellow director) & Savoy Homes International Marketing Ltd (with Alan Ferens).

Chris Mace (ex-Lion Nathan, nowadays of Oriental & Eastern, still of Mace Construction Ltd) has formed Edinburgh Investments Ltd with Tom Murray, shareholder Shedar Group Holdings Ltd.

Elite Furniture Ltd has been formed by Jeni Colmore-Williams, Come Too Ltd (Warwick & Patricia Beauchamp) & Furn Gully Ltd (John-Paul Biggelaar, Silverdale).

Anthony Charles Faithfull, of Onsite Auckland Ltd, has formed Façade Panel Systems Ltd.

Federal Commercial Ltd & Federal Residential Ltd have been formed by Stephen Quine & Neville Hazlett, of Federal Construction Ltd, owned through Federal Management Services Ltd.

The Flooring Depot Ltd (Patrick Harrison & family, and Michael Dean, Whangarei) has been joined by The Flooring Depot (Manukau) Ltd (directors Patrick & Terry Harrison).

John Ray, of law firm Wadsworth Ray, has formed Glenbrook Estate Farms Ltd at Wades Rd, Whitford.

Golden Pacific Investments Ltd has been formed by Charles Suhada (also of RCL Property Ltd, RC Pamberton Property Ltd & Inter Port Trading Ltd), Ronny Soeprajogi (of the two property companies) and Hendri Kurniawan (of Sanli Investments Ltd, with Hermini Arif, a shareholder but not director of this company). The other shareholders are Lanny Sutiarto & Sugiarti Hartono.

Brian Freestone (Calan Healthcare Properties Ltd) has formed Hepburn Investments Ltd with Winifred Harknett, registered at Calan’s 151 Queen St office.

Steven Panckhurst (Pro-Tec Construction Ltd), Kevin Turvey, Andrew Wilson & Kim Bond have formed Homes By Design Ltd at State Highway 17, Albany, and the latter two are in the process of forming Homes By Design 2001 Ltd.

Hot Property Investments Ltd has been formed by Andrew Osborne & Stephen Hallett, of Astech Electrical Ltd.

Dustin Daqing Wang (Broadlane Insurance & Investment Advisors Ltd), Hatu Charles Herewini & Apatari Atkinson have formed Integrated Properties Ltd & Wealth Creators NZ Ltd.

Intelligent Property Ltd has been formed by Ralph Garland, Ricky Ferguson (Leapfrog Investments Ltd & CL Investments Nos 1/2 Ltd, with Symon Peters of the City Wise group, and Derek Reeves of Crown Lynn Investments Nos 1/2 Ltd), Michael Dunphy (also of Leapfrog Investments Ltd & 327 Adelaide Rd with Symon Peters) & Nicola Dunphy.

International Student Hostel Ltd, of 316-328 Queen St, has been formed by Kang Hoon & Steven Chae (of JH Kim & Associates Ltd).

Ross & Dallas Pendergrast of the Ladstone group have formed Ladstone Hillcrest Ltd, through Ladstone Investments Ltd. Another of their companies, Public Storage Holdings Ltd, owns another new company, Mobile Storage Ltd.

Lakes Golf Course Ltd has been formed by Des Sowden & Michael Rosser (of accountancy firm Huddleston & Rosser, Viaduct Harbour).

Huapai Golf Range Ltd has been formed by Peter & Susan Tomlinson, Allen & Denise Baker, and Arnelle Jenkins. Huapai K Golf Range Ltd, of 1352 Coatesville-Riverhead Highway, has been formed by Kim Mi Sook, Kim Kum Sung & Kim Kil.

Landplan Pacific Ltd directors Doug Osborne & Andrew Jarvie have formed Landplan Property Group Ltd and have two new company names reserved, Landplan Capital Ventures Ltd & Landplan Holdings Ltd.

Peter Leonard (Lonestar Builders & Contractors Ltd) has formed Lonestar Residential Ltd.

Michael & Justine Reid have formed McMillan Properties Ltd (not Michael Reid of UPC).

John Baker (McLeod Group Ltd) & Chris Jones (Southside Group Ltd & 177 Queen Street Ltd) have formed M&S Management Ltd.

The upmarket thrust of the Matakana district, starting with a series of vineyards & wineries and supported by coastal development at Omaha, will be further boosted by the creation of the Matakana House Oyster Bar & Restaurant Ltd (Glen Edwards).

Bill Birnie (FR Partners Ltd) & partners, who bought Mataka Station, on the top side of the Bay Islands, from evangelist & former Universal Homes Ltd founder Bill Subritzky in 1999, have established five new companies, on top of their original Mataka Ltd. One, Mataka Station Farm Ltd (Mr Birnie & Peter Evans), has Mr Birnie holding both shares. Another, Mataka No 1 Ltd (Bill Birnie, Evan Williams, Charles St Clair Brown & Stewart Buckley) has 6.3 million shares held by three Mataka nominee companies and Secured Advance Nominees Ltd.

Martin Kells (MC Construction Ltd, Hush Bar Ltd, Eden Mews Ltd, Hopetoun Terraces Ltd) has formed Match Lounge Ltd.

Gianesparan Paran has formed Mobile Construction NZ Ltd.

Nationwide Facilities Management Ltd has been formed by Barry Reid and Robert King (United Cleaning Services group) through Quality Service Enterprises Ltd.

New Auckland Construction Pty Ltd has been formed by Wei De An.

Asha Dip Dass & Abhai Chand Dass (Durdos Holdings Ltd) and Vidya Nand (Maharaj Trading Ltd) formed Nortons Fashion NZ Ltd in January and have followed up with Nortons Fashion East Auckland Ltd (the Dasses) and Nortons Fashion Mt Eden “Sugarclub” NZ Ltd (Vidya Nand) in September.

Discounted retail shoe chain Shu Bar Ltd owners Darrin Field, Gerard Peterson & John Vickers have established Number 1 Shoe Warehouse Ltd through Number 1 Retail Group Ltd. They called off a bid in June to buy the Deka retail chain from Farmers Deka Ltd (Foodland Associated Ltd of Perth).

Tan Peng Chye & Emily Tan, of Howick, have gone half shares with Pace Financial Management & Consultants Pte Ltd in Pace Land Ltd (directors the Tans, Ng Ser Hai & Kong Mew Foon), which in turn holds the shares in Pace Managed Forest Ltd (PC Tan & SH Ng).

Roger Barry (who has a wide spread of business interests, including the Ocilla venture capital companies) has formed Palmetto Marketing Ltd.

Parr Properties NZ Ltd has been formed by Ronald Mossman (Wealth Creation NZ Ltd) & Phillip Cullen.

Pauanui Lake Resort Ltd developers Gary & Angela Macdougall, whose first company is in receiverhsip, have formed a new company, Pauanui Resort Developments Ltd. Their golfcourse project is a short distance inland from the Hoppers’ Pauanui beachfront & canals developments.

Phillips Property Rentals Ltd has been formed by Dunna Sonny Phillips & Doreen Phillips (Phillips Transport Ltd, Manurewa).

Point Development Ltd, Warkworth, has been formed by Paul Sandford.

Paul Jupp has formed Prestigious Property Management Ltd in Milford with Shaun & Tracey Iles.

Peter Doran (Wealth Concepts NZ Ltd, with Kerry Hitchcock of Hitchcock Nomura Ltd & Charta Ltd) has formed Primelease Residential NZ Ltd at New Lynn.

RHE Development Ltd (Mark Hamilton & Michael Ellyett) has been formed with Briareus Ltd (a Viaduct Harbour Holdings Ltd/Tramco company) as shareholder, but located at LJ Hooker House, Symonds St.

Trans Tasman Properties Ltd’s controlling shareholder, SEA Holdings NZ Ltd, has formed SEA Jacks Point Ltd (Don Fletcher & Rod Hodge directors).

Andrew Turner, of Howick, owner of a long line of development & investment companies, has formed Southern & Eastern Holdings Ltd, with Global Investment Corp Ltd the shareholder.

Lawyer George Bogiatto has formed Spring Developments Ltd.

Architect Lawrence Sumich has formed a new company, Sumich Architects Ltd, with Matthew Chaplin as fellow director.

Tellurian Resources Ltd has been formed by Cadmont Holdings Ltd (Graham Jordan & Kevin House) and Lewis Holdings Ltd (David Levene)’s Mark Levene & John Learns, with Mark Levene and Brett Wharfe of Lewis Holdings as directors.

District court debt judgments:

Brollies on Broadway Ltd (Bruce Campbell) has had judgment entered against it for $2623 in favour of Princes Wharf Management Ltd (David Henderson).

CFI Investments Ltd (Brian Richard Fitzgerald, Remuera Rd, Remuera) has had judgment entered against it for $29,077 in favour of S Rutherford.

Global Equity Management NZ Ltd (Graham Robert Milne) was struck off the company register on 8 January. The company, of 401 Queen St, and its director, Mr Milne, of Meadowbank, were found since then in the Auckland District Court to owe Clifford William Johnson $26,217.

William Henry Hawken, as trustee of the Jacob Regeling family trust, and Mr Regeling, have had judgment entered against them for $86,573 in favour of City Design Ltd (Auckland City Council). Among Mr Hawken’s corporate interests, New Lambton Holdings Ltd was wound up recently and is now care of the Official Assignee.

Finance:

This section of the U page is a snapshot of recorded debt transactions over recent weeks. It shows a number of transactions where trustee companies have borrowed from banks, direct borrowing from primary lenders and a range over the secondary market.

Withers Tsang & Co Trustees Ltd (Mark Withers & Stephen Tsang) was at the Mortgage Holding Trust Co Ltd (equals ASB Bank through Sovereign Ltd). WR Trustees Ltd (George Wadsworth & John Ray of Wadsworth Ray) was at AMP Bank Ltd. Gaze Burt Trustees Ltd borrowed from the Hongkong & Shanghai Banking Corp Ltd. Glaister Ennor Trustee Co Ltd borrowed from the National Bank. Macky Trustee Co Ltd (lawyer Peter Macky) was at the BNZ.

Glenbervie Holdings Ltd (Tony Jelas) borrowed directly from the ASB Bank. Mr Jelas is developing La Pointe Beach Estate at Ruakaka. The Kiwi Housing Co Ltd (Scott Beattie) and Redwood Group No 9 Ltd (Tony Gapes) were also at the ASB.

Global Homes Ltd (Ray Lorenzen, Henderson), House Construction Ltd (Reg Watson, Manukau) were at Bridgecorp Residential Ltd (Rod Petricevic). Whyte Adder No 18 Ltd (Nicholas Kirk of Five Star Finance Ltd & other companies, and Allan Webster of Webster Properties Ltd) was at Bridgecorp Financial Ltd.

Hibiscus Coast Properties Ltd (Stewart & Gayle Cox) and Saintly Properties Ltd (Bryan Yolland) were at Yolland Gubb & Co Solicitors Nominee Co Ltd.

Kensington Residential Ltd (formed in August by Patrick Fontein of Kensington Properties Ltd) was at Southern Cross Building Society.

Venture Homes Ltd (John Dobson, Coatesville) and Layne Stephens Properties Ltd (Layne Stephens) were at the Trustees Executors & Agency Co of NZ Ltd (Tower).

Northplan Financial Services Ltd (Kelvin Syms) & four companies in the group, including the mortgage & insurance companies, took out debentures to the BNZ. Portage Road Investments Ltd (Peter Wilson of Mgi Wilson Eliott Ltd & Arthur Young of Chapman Tripp) and Symac Properties Ltd (John Syme & Robert McGuigan of McGuigan Syme Chilcott Ltd) were also at the BNZ.

Miller Bradley Trustee Co Ltd (Christopher Bradley & Mark Lawler) was at the National Bank & BNZ.

National Pacific Bonds Ltd (Colin Elliott & David Samuel) was at the National Bank.

NZL Properties Ltd (Maurice Kidd & Matthew Ridge) and Rosedale Office Park Ltd (Dave Tuke) were at the ANZ.

Markham 2000 Ltd (Pat Rippin & Don Gibson) was at Elders Finance Ltd.

Santa Rosa Developments Ltd (Layne Kells) was at Strategic Finance Ltd.

Satellite Investments Ltd (Marcus Friedlander, Whangarei) was at AMP Bank Ltd.

Storage Unlimited Ltd (Ross Speakman & Christopher Hurdley) was at AMP Bank Ltd & Elders Finance Ltd.

Shears & Mak Builders & Shopfitters Ltd (John Mak & Charles Shears) was at Westpac.

Total Property Partners Ltd (Kerry Finnigan, Elders Finance Ltd) was at the Hongkong & Shanghai Banking Corp Ltd.

Eternal Investments Ltd (Waari Ward-Holmes & Janusz Kubs) took out a debenture to The Properties of Matauri X.

South Auckland Properties Ltd (Geoffrey Venton Castles & Sio Archie Lotam) was at BC McNiece Solicitors Nominee Co Ltd, Public Nominees Ltd (the Public Trust) and Tea Custodians (Pacific) Ltd (Tower).

VSL Finance Waitakere Gardens Ltd (Peter Bourke & Robert Foster, of retirement village group Vision Senior Living Ltd) was at the Covenant Trustee Co Ltd (Graham Miller & Thomas Lockhart).

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U: The names behind the action, 22 July 2001

Your new Bob Dey Property Report column

This is the first 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.

22 July 2001

From the debtor columns, the public couldn’t be told Eric Isadore Jaffe was on trial on fraud charges in the Auckland District Court because of his wife’s illness. Jaffe, 79, was jailed in May for four years. His lawyer, Bob Warburton, has now gained a district court default judgment against Jaffe’s wife, Faye, for $12,862.

Also from the debtor columns, Niche Construction (2000) Ltd (Norman French) has been found owing Rawiri Labour Hire 2000 Ltd (Tom Rawiri) just under $16,000, Impact Real Estate Ltd (Stewart McLoughlin) one G Willis just over $6000, Gateway to Queensland Real Estate NZ Ltd (Ian Barry) just over $1000 to W & H Newspapers Ltd, and the trio of Tim Sussex, Desmond Trigg & Ken Wimsett just over $30,000 to Commercial Realty Ltd (Brian Isherwood & Maurice Walker).

From the bankruptcy file, property developer John Heaven and wife Mary, of Pt Chevalier in Auckland, were bankrupted in Christchurch in early June. Correction: I wrote John Heaven (ex-Strategic) first up. The Strategic man is Fraser Heaven, who’s still in business.

New business

North Shore industrial & commercial developer Russell Comer has formed a new company, Apollo Estates Ltd with wife Elizabeth and 10% partner John Burns.

In Papakura, John Radley, Eddie & Sharon De Heer have formed Aragon Properties Ltd.

Eric Watson’s mate Greg Wilkinson has formed Axis Hobson St Ltd, with Wilkinson Investments Ltd as the shareholder.

Tim Dromgool & Allan Fraser of Newcrest Developments/Holdings/Investments Ltd have formed Balmon Holdings Ltd, as directors, with Greg Rathbun & Kevin Mcdonald as shareholders. Balmon is the holding company for three other creations, M3/M4/M5 Investments Ltd.

Peter Chevin, recently departed from Melview Developments Ltd, has formed Classic Motors & Restoration Ltd and Porters Avenue Ltd.

Doug Myers and his former Lion Nathan lieutenant, Mike Smith, are into herbal fragrance these days. After forming Coriander Holdings Ltd (shareholder, The Campbell & Ehrenfried Co Ltd, they’ve gone on to form Sage Ltd and Sage Film Investments Ltd. Tarragon Investments Ltd is an older company under the same control, Lavender Investments Ltd was formed in March. So far no rosemary or thyme.

Restaurateur Leo Molloy, best known for Euro on Princes Wharf and previously for The Fat Lady’s Arms on Parnell Rd, is now into the Danny Doolan’s chain. Danny Doolans Ltd was formed a year ago, Doolan No 2 Ltd in June.

Richard Braddock of brokerage and investment house DF Mainland has formed Gardenernet Ltd (but Gardenernet.com Ltd is a separately owned company), and Duncan & Davies 2001 Ltd, with Global Plants Ltd (also brand new) as shareholder.

Allen Dale Court (of the George Court family) has formed Global Property Group Ltd.

It looks like Robert Vincent, who briefly headed Placemakers and the Fletcher Merchants group in the 80s, is back in the hardware trade as joint owner of Kerikeri Mitre 10 Ltd and Kerikeri Properties Ltd. Between times, one of Mr Vincent’s roles was to head Philadelphia Consulting Group Ltd.

Warren Le Noel, big in Auckland and Australian property investment in the 80s, has formed Lorenzo Apartments Ltd. Other interests are Reed Recruitment Ltd, Noelpark Properties Ltd, Spanlite Design Co Ltd (with Bernard Hulena) and JKLTV Ltd.

Mission Properties Ltd has been formed by Brett Taylor, of Group CDA Design. If the Mission company name’s familiar, Mark Lyon (the idea behind Chancery)’s Mission Properties was struck off the company register last November. An earlier version was struck off in 1991.

Castlerock Group directors Rod & Greg Nielsen have started a new company, Mondrian Property Holdings Ltd, with Paul Burton, of Paul Burton Residential Ltd. Mondrian was incorporated on 13 June 2001. One of the Nielsens’ companies, Castlerock Group Management Ltd, changed its name to Norwest Group Management Ltd on 29 May 2001 and was placed in liquidation the same day.

Layne & Greer Stephens have formed Neilson Industrial Ltd, major Onehunga developer Brent Clode has formed Neilson Street Ltd.

Jonmer Projects Ltd director Ian Calderwood has formed Nelson Homebase Ltd. The Jonmer group has a string of Supa Centa companies and has sold the first bulk retail Supa Centa, at Manukau City.

Paul & Vicki van Dorp have formed NZ Paradise Holidays Ltd with Lynda Moore. Their other companies include Golf Safaris Ltd and NZ Heli-Safaris Ltd and Rocom Ltd.

Office Systems Management Ltd has been formed by Christine Henwood & Tracey Harvey.

Mark Durling & Olaf Eady of New Zealand Life Care Ltd have formed Palmerston Manor Ltd. This group, with Raewyn Goodwin as another director, is separate from the Eldercare NZ Ltd group controlled by Eric Watson’s Cullen Investments Ltd, which also owns a company called New Zealand Lifecare Properties Ltd.

Chong Du Cheng, a director of the ill-fated Equinox Construction Ltd (which changed its name to GFF Ltd before going into liquidation after its Asian backers withdrew), has formed a new company, Ponderosa Ltd. He remains a director of No 1 Queen Ltd, which owns the One Queen St (ex-Air NZ) office block for which Metropolis developer Andrew Krukziener was noted as the buyer, and of several other companies, including Oblique Developments Ltd (with Robert Yu), which was to have developed the One Hobson apartments on the old Broadway tavern site. David Henderson of Kitchener Group, who was to have managed those apartments, is in the process of taking over the site for development.

Colin Sharp & Ron Macdonald have formed St Heliers Project Construction Services Ltd.

Strategic Investment Group Ltd has formed Strategic Home Loans Ltd, with Marc Lindale & Paul Bublitz as directors.

Strategic Mezzanine Partners Ltd (Brian Fitzgerald & Paul Bublitz) has provided mortgage finance recently to Bankhouse Vineyard Ltd (Errol Bailey, of Taurus Group Ltd, Taurus Accounting Systems Ltd, Auckland Independent Brewery Ltd with Denis Crisp, Aotearoa Property Trust Ltd and Gold Band Finance Ltd, all registered in Christchurch), and Cobham Investments Ltd (Trevor Love, who with Auckland architect Kerry Avery planned the Auckland Harbour Travelodge hotel in Albert St two years ago, a project which collapsed with the change in brand emphasis of the Southern Pacific Hotel Corp).

Other recent Strategic Mezzanine borrowers are Landco Long Bay Ltd (Greg Olliver) and Redwood Group No 9 Ltd (Tony Gapes).

Strategic Investment Group Ltd, along with Harts Contributory Mortgages Nominee Co Ltd (at Harts Reeves Moses Ltd) and St Laurence Mortgages Ltd (Kevin Podmore & Mike O’Sullivan) have financed Gulf Corporation Ltd (Jamie Peters), which has bought out the rest of Gulf Harbour from Singaporean investor Goh Cheng Liang.

Strategic Mortgages Ltd (also partly with Securities Registry Ltd, a Money Managers/Doug Somers-Edgar company) is financing Southern Trading Co Ltd & 88 The Strand Ltd (Greg Kernohan, of apartment development 88 The Strand, on the former railway land at the foot of Parnell).

Ric Martin’s Cornerstone Oyster Cove Ltd has arranged finance with WestpacTrust for its Gulf Harbour residential development, on the western side of the canal, across from the town centre.

Unlimited Potential Ltd real estate company founder Barry Thom — of Upland Rd — has formed UP Properties Ltd with Grant Lynch.

Vision Senior Living Ltd, the retirement village/aged care company of Peter Bourke and Arrow International director Bob Foster, has formed VSL Finance Ltd. A similar site-specific finance company was formed for their Waitakere Gardens project in Henderson. They’re now developing their Dannemora project at Botany.

Cullen Investments Ltd, the investment vehicle of wonder-entrepreneur Eric Watson, has formed Westbury Land Holdings Ltd.The group’s Westbury Stud is at Karaka.

Culverden Group Ltd (Ian Anderson), which is seeking to develop a resthome and private hospital in Mangere, has rearranged its finances with Southern Cross Building Society.

Ken & Martin Kells have arranged finance with ANZ Bank for Hopetoun Terraces Ltd, which will develop the apartment complex on the St Helens site at the corner of Pitt St, opposite Vodafone House in Auckland.

Manu & Bharat Bhanabhai have arranged finance with the NZ Guardian Trust Co for Hotel Alcamo Ltd.

Hudson Auckland Hotels Ltd & Hudson Princes Court Ltd (both with Bruce McLeod as director and c/- Tony Keenan at Chapman Tripp; this was the group in which Jihong Lu of Savoy Group and Britomart fame, now bankrupt, was the linchpin) have arranged finance with Securities Registry Ltd (a Money Managers/Doug Somers-Edgar company, with Anne Somers-Edgar and Gerald Siddell as directors). Hudson has a luxury apartment project designed back of the Hyatt Regency Hotel on Princes St.

Jaafar Holdings Ltd (Husain Ahmed Ali & Sakina Sethna Ali, also of Century Group Ltd) have arranged mortgage finance with Equinox Nominees Ltd (Chong Du Cheng & Kerry Knight).

Krukziener Rawhiti Ltd (Andrew Krukziener) has arranged loans with Securities Registry Ltd (Money Managers/Doug Somers-Edgar). Also arranging at Securities Registry Ltd are Mera Properties Ltd (Simon Thomson & Lance Willson), Ohau Channel Ltd (Tim Manning of Taradale Properties Ltd for his Rotorua development), Suisse International Ltd & Mathison Holdings Ltd (both Reg Watt), Technology Development Group Ltd (Bradley Houghton & Peter Jeromson), and Thornhill Capital Ltd (Alexander Lee).

Structured Finance NZ Ltd (Martyn Reesby & Russell Tills) has financed Medland Custodians Ltd (Ken Wimsett & Callum Baker of McLeod Group Ltd).

Among the BNZ’s customers for recent finance is Lifestyle Investments International Ltd (Mark Hotchin).

Stephen Partridge (Mary Bay Holdings Ltd) has finance from Lovegroves Solicitors Nominee Co Ltd.

Tim Manning, at Securities Registry for the Ohau Channel development near Rotorua, is at Knight Coldicutt Solicitors Nominee Co Ltd for another of his companies, Middleton Developments Ltd.

Grant McMillan (Metro Properties Ltd) has a mortgage to Bruce Sheppard, now of battling-small-shareholders fame.

Mt Olympus Properties Ltd & Mt Tongariro Properties Ltd (both Gary Hill & Henricus Van Hoppe, of Parnell) have gone to Elders Finance Ltd, and Mt Olympus to Concrete Properties Ltd (James Kirkpatrick) for finance.

Pauanui Lake Resort Ltd (the golfcourse resort over the hill from the Hopper development at Pauanui, still Gary & Angela Macdougall) has borrowings from NZ Commercial Mortgage Nominee Co Ltd (Jeff McIntyre & Bryn Evans, of Christchurch), Project Mortgages Ltd (Mr McIntyre & John Eldershaw), and Works Infrastructure Ltd (Downer Group/Paul Y-ITC Construction of Hong Kong). Works Infrastructure has undertaken work on the development.

Malcolm McDougall (Willis Bond & Co Ltd, who set up Property For Industry Ltd and CBD NZ Ltd then struck out on his own) has finance from Westpac for Tawa Drive Trade Centre Ltd.

Southern Capital Ltd (Graeme Wong) has arranged National Bank finance for its new Canterbury township company, Pegasus Bay Town Ltd.

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U: The names behind the action, week to 4 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.

1 November 2001

High Court liquidation list, 1 November:

You’ll recognise some of these companies from items further down this week’s U column, some with different creditors and different adjournment dates.

Dempsey & Wood Civil Contractors Ltd (Conal Dempsey & Tony Wood) continues to seek a court-ordered liquidation of Red Hill Homes Ltd (director now shown as Phoebe Adelaide Foley; previous story U, week to 4 November), which went into voluntary liquidation on 24 September. His quest has now been moved to the Auckland High Court’s duty judge list at 10am on Thursday 8 November.

Harrison Grierson Consultants Ltd filed its application on 20 June to wind up The Open Fields Co Ltd (Bob Wickham; the company was formerly Wickham Developments Ltd). Master Faire adjourned its application until 10am on 7 February 2002.

The application of Orica NZ Ltd to wind up MMC Decorators Ltd (Afeleti Su’a) was withdrawn.

The application of Phil Waterhouse Ltd to wind up Mainsflow Properties Ltd (Mark Wall) was adjourned to 10am on Thursday 13 December.

MG Contractors Ltd (Milan Laus & Gavin O’Hara) was wound up on the application of Acrow Ltd. Liquidators are Iain Shephard & Christine Dunphy, Paraparaumu Beach.

Homespace 2000 Ltd (Peter Turner) was wound up on the application of Hot Mustard Communications Ltd. Steve Lawrence & Brendon Gibson (Ferrier Hodgson) were appointed liquidators.

San Sebastian Holdings Ltd (Joanne Dempsey & Peter Finlay) went into voluntary liquidation on Monday 29 October with three applications before the court today to wind it up.

The application of James Thorburn & another to wind up North City Realties Ltd (Garry Aitchison, also director of Sunshine Coast Real Estate Ltd, Paraparaumu) was adjourned to 10am on 7 February 2002.

Kemikara NZ Ltd (John Edward Victor Broome, also a director of two companies which have gone into liquidation, Kestrel Valley Developments Ltd & Pacrim Charter Projects Ltd, the second of these with Digby Tuck) settled with Bernard O’Donnell, who filed to wind up the company on 14 September.

Seacliffe Properties Ltd (Murray & Jennifer Calder, of Calder Construction Ltd) settled with Fletcher Distribution Ltd, which filed its application on 14 August.

Kingcrete Products Ltd (Brendan Hall) was wound up on the application of W Stevenson & Sons Ltd. Steve Lawrence & Brendon Gibson (Ferrier Hodgson) were appointed liquidators.

David Hemi’s application to wind up The Housing Co 2000 Ltd (Boon Clid Chan) was adjourned for a fortnight, to 10am on 15 November, when two other applications to wind up the company are also listed.

Roseneath Properties Ltd (Stephen Kelly) settled with Euroglass Systems Ltd, whose liquidation application was struck out. Mr Kelly is also a director of Southern Hemisphere Land & Property Investments Ltd, Central Strata Management Ltd, Grafton Ridge Ltd, New Oakland Properties Ltd, RAM Securities Ltd, Contributory Mortgage Nominees Ltd & Contributory Mortgage Investments Ltd (the last three with Peter van Nieuwkoop, who faces a fraud trial in February over transactions at the former Reeves Moses/Harts brokerage).

Teague Construction Ltd (Glen Teague) was wound up on the application of Euroglass Systems Ltd. Steve Lawrence & Brendon Gibson (Ferrier Hodgson) were appointed liquidators.

The application of Centra Forklifts Ltd (Allan Wadams & Robert Boniface) to wind up Karaka Cable & Drainage Ltd (Ian & Christine Phillips) was adjourned to 10.45am on 22 November.

The application of Thomas Rupert & another to windup Soul Train Café (John James Penny, Pt Chevalier) was adjourned to 10.45am on 22 November.

Spencer Rd Developments Ltd (Douglas Hoskins & Albertus Voskuilen, Birkdale) settled with CSR Building Materials NZ Ltd.

Inland Revenue applications to wind up Bella Design (International) Ltd (Neil Whitehouse, Henderson) and Tokaanu Hotel (1999) Ltd (Anthony & Pamela Plunkett) were adjourned to 10.45am on 22 November.

29 October 2001

The Housing Company 2000 Ltd (Boon Clid Chan, of Weymouth), formed on 8 August last year, faces liquidation in the Auckland High Court at 10am on Thursday 15 November, on the application of Tarzan Design Ltd (Ian & Christine Shere).

Tauranga Developments Ltd, formerly Quayside Developments Ltd (Nigel Williams), has been placed in the hands of liquidator Dennis Parsons (Indepth Forensic Ltd, Hamilton). Creditors must file claims by 26 November. 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.

Former Quay Park developer Magellan Orakei Ltd (Robin Sheffield & Geoff Honey) faces liquidation on the application of the Inland Revenue. It will be heard in the Auckland High Court at 10.45am on Thursday 8 November.

PNT Housing Ltd (former Motor Holdings Ltd director, nowadays real estate agent Peter Noel Turner) faces liquidation on the application of Inland Revenue. It will be heard in the Auckland High Court at 10.45am on Thursday 8 November. Mr Turner, of Remuera, was adjudicated bankrupt on 6 June. Other Turner companies are PN Turner Investments Ltd, Cannon Corp Ltd (double n), Sycamore Properties Ltd (in receivership) & Homespace 2000 Ltd.

B & R Quality Homes Ltd (Brendan David & Cecil Ross Taylor, Conifer Grove) faces liquidation on the application of Inland Revenue. It will be heard in the Auckland High Court at 10.45am on Thursday 8 November.

Commercial Partitioners NZ Ltd (Sunil Prasad) faces liquidation on the application of Inland Revenue. It will be heard in the Auckland High Court at 10am on Thursday 8 November. Mr Prasad also has Wallboard Services NZ Ltd.

Southern Restaurants Ltd (director is Neville Mahon, of the Woodland Group & numerous other companies) faces liquidation in the Auckland High Court at 10am on Thursday 15 November on the application of Paul Brian Bett, of Christchurch.

Lamp Man Ltd (Sunil Raniga) faces liquidation in the Auckland High Court at 10am on Thursday 8 November on the application of AGM Publishing Ltd. Mr Raninga is also a director of Lighting NZ Ltd.

Northern Ceilings Ltd (Nicolas Rodokal, Whenuapai) faces liquidation in the Auckland High Court at 10.45am on Thursday 8 November on the application of Inland Revenue. Other Rodokal companies are Northern Ceilings NZ Ltd, Northland Ceilings Ltd & Estoon Holdings Ltd.

Tamaki Developments Ltd (Caroline Washbourn, Whangamata) faces liquidation in the Hamilton High Court at 10.45am on Monday 5 November on the application of Inland Revenue.

Redfern Properties Ltd (Ross Farron) faces liquidation in the Auckland High Court at 10.45am on Thursday 8 November on the application of Inland Revenue.

Teague Construction Ltd (Glen Teague) faces liquidation in the Auckland High Court at 10.45am on Thursday 1 November on the application of Euroglass Systems Ltd.

Pakiri Farms Trust Ltd (Roko Urlich, of Whangarei) was placed in receivership (receiver Anthony McCullagh) on 19 October. Mr Urlich has had Greg Davison (of two companies in liquidation over a troubled downtown apartment project, Nautilus Developments Ltd & Golden Gate Holdings Ltd) fronting development proposals for a resort just inland from Pakiri Beach.

Anthony McCullagh was also appointed receiver on 19 October of a company in liquidation, Valley Fields Ltd (Keith Cronin & Ian Christie). Both are also directors of East Fields Ltd and Mr Christie of Counties Realty Ltd.

John Buchanan, liquidator of Ambrico Apartments Ltd (Garry Grant & Max Mathers), has called a creditors’ meeting for 11.30am on Thursday 1 November at the Channel View Lounge, 3 Gibbons St, Takapuna. Proxies, voting letters & unsecured claim forms have to be with Mr Buchanan by 4pm Tuesday 30 October. Also in liquidation is United Homes 1994 Ltd. Other companies the two men direct include Paradise Shores Resort Ltd, Tuscany Towers Ltd, Denby Heights Ltd, Pacific Marlin Resort Ltd, Shadow Ridge Investments Ltd & Mountain Holidays Queenstown Ltd (resigned).

City Viaduct Café Ltd (Bing Wong & Ben Young) faces liquidation in the Auckland High Court at 10.45am on Thursday 15 November on the application of Waterfront Retail Ltd (Russell Clarke & Vino Ramayah), which filed its application in April.

Trust Asset Management Ltd (Stuart Robertson, Te Atatu) faces liquidation in the Auckland High Court at 10.45am on Thursday 8 November on the application of law firm Phillips Fox. Another Robertson company, Agio Trustees Co Ltd, faced liquidation in the Auckland High Court last week but the hearing was adjourned to 15 November. In August, Mr Robertson was named receiver of Riversdale Lane Ltd (Hamish Buxton), two days before Gerard Hulst was appointed its liquidator.

Vines Management Ltd (James McGee) was placed in liquidation in the Auckland High Court last Thursday, under the control of Gerry Rea & Paul Sargison, who are also liquidators of the company which sought Vines Management’s winding up, BA Ltd (Bruce Fyfe). Mr McGee is also the director of Sentinel Asset Management Ltd, incorporated on 1 May. Mr Fyfe is director of a number of property companies, including Bruce Fyfe Homes Ltd (also in the hands of liquidators Rea & Sargison), and of Fairhaven Properties Ltd with Mrs Phoebe Foley (see Red Hill Homes liquidation under scrutiny, 27 September).

Mainprop Commercial Ltd (Jocelyn Joy Murray) was wound up in the Auckland High Court on the application of Inland Revenue last Thursday, with Gerard Hulst named as liquidator. Creditors must file claims with the liquidator by Monday 24 December.

Inland Revenue advertised its application to wind up Mays Road Developments Ltd (Greg & Rod Nielsen) on 15 August and got to a hearing date last week, but the company was placed in voluntary liquidation on 16 August.

The Open Fields Co Ltd (Bob Wickham; the company changed its name from Wickham Developments Ltd) faced liquidation in the Auckland High Court last Thursday on the application of TG Paterson Contracting Ltd (Terry & Karen Paterson), which was granted a single long adjournment — to 10.45am on 21 January 2002. Also named as a (much bigger) creditor was Bell Securities Pty Ltd, a law firm’s nominee company.

North Shore Glass Co Ltd settled & withdrew its application to wind up New York Gear Ltd (Peter Watt) in the Auckland High Court last Thursday.

Castlerock Property Holdings Ltd (Greg & Rod Nielsen) and Far North Property Developments Ltd (Christopher Mansfield) got into the Auckland High Court last Thursday on a winding-up application by Far North, but based on two statutory demands which the court set aside in early September. Master Tomas Kennedy-Grant acknowledged that Castlerock had had to pay Far North “a significant amount” to settle the demands, but awarded costs to Castlerock.

2M Construction Ltd (Matthew Hutchinson, Wellington), wound up on 1 October with Steve Lawrence & Brendon Gibson (Ferrier Hodgson & Co) named as liquidators, will hold a creditors’ meeting at 9am on Wednesday 7 November at the Tower Centre, 45 Queen St. Another Hutchinson company, Malibu Homes Ltd, lasted just under a year. It was wound up by the shareholders on 2 October, with Robert Merlo appointed liquidator.

Harvey’s Eastern Suburbs Ltd (Ross Barraclough) was voluntarily liquidated on 14 September. Creditors’ claims must be filed with liquidator Michael Gale of Gale & Associates Ltd by 16 November.

Continue Reading

U: The names behind the action, week to 23 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.

23 September 2001

Law firm Phillips Fox took Harts Accounting Group Ltd (Steven Hart), an Auckland branch of expansionist Brisbane accountancy firm Harts, to bankruptcy court this week but settled without a costs order. The application to wind up Harts was filed on 30 July but wasn’t advertised. Harts took over the Reeves Moses mortgage and advisory business.

Markbridge Ltd (developers Mark Cooper & David Bridgman) has been placed in liquidation.

Pro Circuit Ltd (formerly Xtreme Builders Ltd, Roger Zurcher) was placed in the hands of liquidator Robert Laurie Merlo on 10 September.

Agio Trustees Co Ltd (Stuart Douglas Robertson) faces liquidation on the application of Babcock NZ Ltd, to be heard in the Auckland High Court on Thursday 25 October at 10am.

MG Contractors Ltd (Milan Laus & Gavin O’Hara) faces liquidation on the application of Acrow Ltd, to be heard in the Auckland High Court on Thursday 1 November at 10am.

20 September 2001

IBC International Ltd (Eric Jaffe, 80, jailed in May for fraud) was wound up by Master Gambrill in the Auckland High Court today on the application of Colin McCloy, liquidator of the New Zealand assets of Industrial Banking Corporation Ltd, the company at the heart of Mr Jaffe’s defrauding of elderly investors. A personal cheque for a slightly larger sum than the $1010 debt was offered yesterday by Mr Jaffe’s wife, Fay, but wasn’t accepted in full settlement because the liquidator also wanted costs paid.

Savoy Homes International Marketing Ltd (Lindsay Ellery & Alan Ferens) was wound up in the Auckland High Court today on the application of BMW Financial Services NZ Ltd. Two of Mr Ellery’s other property companies, Westbrook Heights Ltd and Westbrook Development Ltd, have also been wound up.

Former MP, local & regional politician, businessman, radio talkback host and now Auckland mayoral candidate John Banks has been pounding the streets, knows exactly how many houses he’s visited, reckons he’s talked to more than 10,000 Aucklanders about his campaign. Mr Banks notes there are 19 councillors and 18 committees, would like to see the numbers cut to nine councillors and three committees, and meetings lasting no more than one hour. He’s committed to finishing the arterial road system, derides the rail proposal for the region and mocks incumbent Christine Fletcher for fighting the previous Britomart scheme then voting in a more expensive but smaller replacement. Mr Banks skirted a question this morning on whether he’d try to cancel this replacement Britomart scheme.

On a lighter note, Mr Banks does know about Britomart and what you can use it for: hanging election banners. He called Barfoot & Thompson Commercial’s David Staines after seeing a leasing sign on the old Wharf police station. Could Mr Staines ask the owner if he could put an election sign on the building? Ask her yourself, Mr Staines cheerfully replied, “It’s Christine’s building.”

Continue Reading

U: The names behind the action, week to 11 November 2001

Your new Bob Dey Property Report column

[Note on 22 November: I thought I’d repaired all the removals of material for the period 6-12 November arising from a change in server at the website host, but discovered today this page was missing much of the material written for it. The update is a consequence of that.]

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.

10 November 2001

Christopher Steel (Carpenter Buildfix Ak Wide Ltd, Royal Oak, among other handyman companies) had ABC PRE.2000 Ltd struck off the companies register on 17 October. Inland Revenue applied on 8 October to wind it up and the hearing is set down for 10.45am on Thursday 29 November in the Auckland High Court.

Inland Revenue has applied to wind up B&H Plasterers Ltd (Wayne Brown & Denise Hutton-Brown), to be heard in the Auckland High Court at 10.45am on Thursday 22 November.

9 November 2001

Modular Building Systems Ltd, Modbuild (North Island) Ltd & Modbuild (South Island) Ltd (Olle Halberg & Ross Tweedie) were placed in the hands of receivers Richard Agnew & David Davidson (PricewaterhouseCoopers) on 29 October.

The liquidators of Mountain View Developments Ltd (a Graeme Raymond company, taken over by Ian Norrie) will present their report to creditors at 10am on Thursday 15 November at the development’s gym, 68 Mountain Rd, Mt Wellington. The liquidators are Ian Caddis & Jane Laking (Credit Link Ltd, Wellington).

Allied Concrete Ltd (Harold Richardson, Invercargill) has applied to wind up Dallas Concrete Ltd (David Tharp, Te Atatu South), to be heard in the Auckland High Court at 10am on Thursday 22 November. Mr Tharp also has Dallas Construction Ltd, Masonry Homes Ltd and other building companies.

Inland Revenue is pursuing the liquidation of 0800Sanders Ltd (Daryl Harford), though the company was struck off the companies register on 17 October. The IRD filed its application on 5 October but advertised it only on 8 November, for hearing at 10.45am on Thursday 22 November.

Inland Revenue has applied to wind up Saltwater Marinas NZ Ltd (Mark Truscott, also a director of the Lyttelton marina companies, which are in receivership, Pacific Marina Holdings Ltd & Truscott Management Ltd), to be heard in the Auckland High Court at 10.45am on Thursday 22 November.

Inland Revenue has applied to wind up Palace Construction Ltd (Philip Howlett, whose previous company, Global Construction Ltd, was liquidated & struck off the register). The IRD application will be heard in the Auckland High Court at 10.45am on Thursday 22 November.

8 November 2001

Lawyer Eugene St John, for creditor Dempsey Wood Civil Contractors Ltd, continues to fight to get the shareholder-appointed liquidator of Red Hill Homes Ltd changed. There were changes of shareholding just before the appointment, the two former shareholders (Stephen Foley & Kim Hawkes) are both bankrupt with the mother of Mr Foley, Phoebe Foley, becoming a shareholder, and a family trust seemed to have been introduced to the share register.

In the Auckland High Court today, Mr St John sought an assurance from the lawyer for liquidators Meltzer Mason Heath, Brett Vautier, that he could get the trust’s accounts for the past two years, which would show whether the trust had regarded the shareholding as its own.

Creditors are owed about $600,000. Mr Vautier said the liquidators were happy with the paper trail leading to their appointment, and said the company had no assets. Justice Peter Salmon adjourned the application for a change in liquidators for a week.

High Court liquidation list, 8 November:

Central Rigging Ltd (now Aerial Access Equipment Ltd)’s application to wind up Bowen Peak Investments Ltd (Graeme Hill & Bruce Middleton of Amalgamated Builders Ltd & related companies, including Goodall ABL) was adjourned to 10am on Thursday 29 November, settlement expected.

The Bank of New Zealand’s application to wind up Chapel Road Developments Ltd (Andrew James Lamont Turner, of various development companies, Auckland Home Co Ltd, Anglo-Pacific Finance Ltd), filed on 4 September, was adjourned to 10am on Thursday 29 November for settlement.

Health Management Services Ltd (Wayne Facer & John Dallimore) applied on 5 September to wind up Accident & Medical Centres Investment Ltd (David Halstead, Ken Buxton & Tony Hannon), and Mr Facer applied to wind up Medi Plus Accident & Medical Centres Ltd (a company which doesn’t appear on either the existing or historic Companies Office registers), but settled in both cases. The applications were struck out. Mr Facer was previously a director of a long lineup of medical centre companies, and is still shown as a director of Accident & Medical Centres Investment Ltd.

Mahurangi Estate Winery Ltd (Michael Hanaray & Colin McDonald) filed their application to wind up Advance International Wine & Liquor Merchants Ltd (Mariano Fernandez) on 7 September, but settled.

Evco Group Holdings Ltd’s application to wind up Prestige Gardens Ltd (Andrew Spencer) was adjourned to Thursday 17 January 2002 for settlement. A separate company, Prestige Gardens 2001 Ltd, was formed in June by Terry & Judy Small of Cockle Bay.

Commercial Partitioners NZ Ltd (Sunil Prasad) was wound up on the application of Inland Revenue, with Richard Agnew & Judith Fatupaito (PricewaterhouseCoopers) appointed liquidators.

Designed Down Under Ltd (Matthew Williams) was wound up on the application of Pilkington NZ Ltd. Steve Lawrence & Brendan Gibson (Ferrier Hodgson) were appointed liquidators.

LA Roofing 2000 Ltd was wound up on the application of Fletcher Steel Ltd. Steve Lawrence & Brendan Gibson (Ferrier Hodgson) were appointed liquidators.

Trust Asset Management (Stuart Robertson) settled with law firm Phillips Fox and had the application to wind it up struck out.

Redfern Properties Ltd (Ross Farron) was wound up on the application of Inland Revenue. Steve Lawrence & Brendan Gibson (Ferrier Hodgson) were appointed liquidators.

The Inland Revenue application to wind up Group CDA Ltd (Brett Kelland Taylor) was adjourned to 2.15pm on Monday 19 November for hearing.

PNT Housing Ltd (former Motor Holdings Ltd director, nowadays real estate agent Peter Noel Turner) was wound up on the application of Inland Revenue. Mr Turner, of Remuera, was adjudicated bankrupt on 6 June. Other Turner companies are PN Turner Investments Ltd, Cannon Corp Ltd, Sycamore Properties Ltd (in receivership) & Homespace 2000 Ltd. Gerard Hulst & Associates were appointed liquidators.

Northern Ceilings Ltd (Nicolas Rodokal) was wound up on the application of Inland Revenue. Judith Fatupaito (PricewaterhouseCoopers) was appointed liquidator.

Magellan Orakei Ltd (Robin Sheffield & Geoff Honey) faced liquidation on the application of Inland Revenue but was placed in voluntary liquidation on Tuesday 6 November.

The Inland Revenue application to wind up B&R Quality Homes Ltd (Brendan & Ross Taylor, Conifer Grove) was adjourned to 10.45am on Thursday 29 November.

6 November 2001

Laurence McLean has applied to wind up Hornsby Earthmovers (Auckland) Ltd (Darren & Edward Hornsby), which is in receivership. The application will be heard in the Auckland High Court at 10.45am on Thursday 15 November. Edward Hornsby is director of several other companies, including Hornsby Earthmovers Ltd, Whangaparaoa Heights Ltd, Okura Developments Ltd and Mt Richmond Industrial Park Ltd.

Boss Construction Ltd (Damian Little) has applied to wind up Alfriston Whole Sale Fencing, Concreting & Earthmoving Ltd (Kere & Charles Maihi). The application will be heard in the Auckland High Court at 10am on Thursday 29 November.

Continue Reading

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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