Receivers appointed to more Henderson companies

Press Release

18 June 2010

Grant Thornton appointed receivers to more Henderson companies

More companies associated with Christchurch property developer Dave Henderson have today been placed into receivership.

Richard Simpson, National Director, Specialist Advisory of Grant Thornton New Zealand, said that Tim Downes, Simon Thorn and Dave Ruscoe of his firm have been appointed as receivers of Livingspace Properties Ltd, Castle Street Ventures Ltd, Tay Ventures Ltd, RFD Investments Ltd and 92 Lichfield Ltd.

“Livingspace Properties operates apartments in Dunedin, Invercargill and Christchurch”, Mr Simpson said. “It will take us some time to get to grips with the financial position of the companies, but in the meantime it will be business as usual.” He says the receivers will continue to operate the Livingspace businesses and honour bookings.

Mr Simpson says there are a number of commercial buildings involved in the receiverships in all three cities.

ENDS

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