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

Your new Bob Dey Property Report column

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

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

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

27 July 2001

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

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

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

25 July 2001

Environment Court

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

Liquidation proceedings

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

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

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