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Home arrow Articles by Topic arrow LandCo arrow Todd Capital buys the rest of Landco
Todd Capital buys the rest of Landco PDF Print
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Articles - LandCo
Written by NZPA   
Thursday, 17 July 2008

Development at Ngunguru Spit, north of Whangarei, remained at the early stages of planning, with one option an exchange of that land for some land held elsewhere, not yet specifically identified, by the Department of Conservation.

Todd Capital has bought the rest of Landco after the company holding the remaining 50.5 percent, associated with Auckland property developer Greg Olliver, was placed in receivership.

The Todd family -- the country's wealthiest family -- already owned half the company, and bought the remainder from The Phoenix Trust, of which Mr Olliver was director. The Phoenix Trust was placed in receivership on July 7, according to the Companies Office.

Full story at NBR

Same story at Stuff

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Last Updated ( Thursday, 17 July 2008 )
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