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Home arrow Articles by Topic arrow LandCo arrow Party's over and debts called in for property kings
Party's over and debts called in for property kings PDF Print
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Articles - LandCo
Written by Anne Gibson, The New Zealand Herald   
Thursday, 22 October 2009

Greg Olliver's St Heliers hilltop properties were once meant to become a Neverland-style project but they have been sold and Todd Capital has taken him out of his Landco business.

Who will mourn the financial ruin of private property developers? Each week brings the fall of more members of this high-living, once-powerful band.

One day, it seems, they have the best clothes and are seen about town with the best-looking models, behind the wheels of the raciest cars.

Now they are crumbling under their creditors and even hocking their bling on the internet.

Full story...

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