Archive | 2001

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

6 December 2001

The Securities Commission issued a warning a fortnight ago about contributory mortgage schemes — blanket enough to cover the whole industry, with an escape paragraph at the foot of the first page of its release saying that, of course, “undoubtedly some contributory mortgage schemes are well managed & appropriate investments.” Commission chairman Jane Diplock said the commission had asked the Registrar of Companies to investigate several brokers. Today she found one to close down: The commission ordered NZ Commercial Mortgage Brokers Ltd, of Christchurch, to cease acting as contributory mortgage brokers, banned it from offering mortgages to the public for five years and removed directors Bryn Vincent Evans & Jefferson John McIntyre. Christchurch accountants David Crichton & Keiran Horne have been appointed brokers for the existing mortgages. Ms Diplock said the company failed to keep proper accounts, failed to file an annual report with the Companies Office, and failed to tell investors about a significant change in the terms of a mortgage. The directors formed Boston Pacific Capital Ltd on 8 October, Mr Evans formed the Nexus group of companies with Angus Winstone in 199 and formed Llyr Holdings Ltd with Mr Winstone in July.

3 December 2001

Cactus Jacks Saloon Ltd (Graeme Rex Brown, trading as Brownies Bar) has been wound up by the shareholders, with Judith Fatupaito & David Davidson (PricewaterhouseCoopers) appointed liquidators on 27 November. The company faced court-ordered liquidation, which was delayed from 22 November to a 13 December hearing only because it hadn’t been advertised.

Birkenhead Glass Ltd (Sean Friary) was wound up on 29 November on the application of Inland Revenue. The liquidator, Gerard Hulst, has set 29 January as the date for filing of proofs of debt.

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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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