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Home arrow Articles by Topic arrow Todd Property Group arrow Todd Property buys Pegasus Town
Todd Property buys Pegasus Town PDF Print E-mail
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Articles - Todd Property Group
Written by Chris Hutching, NBR   
Tuesday, 04 December 2012
Pegasus town

Todd Property Group has bought Pegasus Town, which is in receivership, for an undisclosed sum.

A recent receiver’s report says the debt owed to New Zealand Property Finance Partners – which acquired the debt from BOS – is $142 million.

The development 25km north of Christchurch was founded by Wanaka businessman Bob Robertson, who told NBR ONLINE recently he was still seeking a rescue package. Mr Robertson’s family farm, Fovoran Deer Park, is currently on the market.

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