Thank you for using Neighbourly
As the sunny days get longer and more frequent, it’s the perfect time to get stuck into the garden. Grab a subscription to NZ Gardener and get a Free Vege Patch from Scratch book written by NZ Gardener’s editor Jo McCarroll worth $44.99.
Make your garden one of the best in the neighbourhood … View moreAs the sunny days get longer and more frequent, it’s the perfect time to get stuck into the garden. Grab a subscription to NZ Gardener and get a Free Vege Patch from Scratch book written by NZ Gardener’s editor Jo McCarroll worth $44.99.
Make your garden one of the best in the neighbourhood this summer with the help of a monthly NZ Gardener subscription and Vege Patch from Scratch. Purchase a subscription today at Mags4Gifts.co.nz to receive your free book. T&Cs apply.
Being heart-healthy isn't just for grown-ups. Kiwis of all ages will benefit from eating a diet rich in fruit and veggies. However, getting veggies into children can sometimes be a small challenge, but who says you need to tell them? Our kid-friendly recipes helpfully hide the good stuff with … View moreBeing heart-healthy isn't just for grown-ups. Kiwis of all ages will benefit from eating a diet rich in fruit and veggies. However, getting veggies into children can sometimes be a small challenge, but who says you need to tell them? Our kid-friendly recipes helpfully hide the good stuff with a healthy spin on a classic dish. Click the link to check out our version of Mac n' Cheese!
For as little as $61, unwrap thought-provoking articles, entertainment and adventure every Sunday!
Purchase a subscription to Sunday Star-Times via mags4gifts.co.nz before December 25 and receive a free Linden Leaves diffuser worth $40.
For more information visit mags4gifts.co.nz/sstchristmas… View moreFor as little as $61, unwrap thought-provoking articles, entertainment and adventure every Sunday!
Purchase a subscription to Sunday Star-Times via mags4gifts.co.nz before December 25 and receive a free Linden Leaves diffuser worth $40.
For more information visit mags4gifts.co.nz/sstchristmas
Happy Shopping! The team at Sunday Star-Times
Exciting News! The finalists for the PEOPLE'S CHOICE AWARDS in the Power, Broadband and Mobile categories have been revealed! It's a public vote, so have your say on the best retailers. Check them out now.
Your votes have made a difference, and we can't wait to celebrate the best … View moreExciting News! The finalists for the PEOPLE'S CHOICE AWARDS in the Power, Broadband and Mobile categories have been revealed! It's a public vote, so have your say on the best retailers. Check them out now.
Your votes have made a difference, and we can't wait to celebrate the best in the industry.
At Triton Hearing, we are dedicated to bringing the joy of better hearing to all New Zealanders. So this year, we’d like to give you the Gift of Better Hearing, to help you reconnect with the world and the people you love.
Simply get in touch to enjoy your gift of a complimentary upgrade … View moreAt Triton Hearing, we are dedicated to bringing the joy of better hearing to all New Zealanders. So this year, we’d like to give you the Gift of Better Hearing, to help you reconnect with the world and the people you love.
Simply get in touch to enjoy your gift of a complimentary upgrade valued at $2,000, to enjoy even better hearing* when you purchase a new pair of hearing devices from Triton Hearing.
By reporter Debbie Jamieson:
Two men who planned to build a retirement village on the shores of Lake Wānaka have been ordered to pay $3.4 million to financial backers, after their company went into liquidation.
Roy’s Bay Estate Limited fought through the Environment Court to build a … View moreBy reporter Debbie Jamieson:
Two men who planned to build a retirement village on the shores of Lake Wānaka have been ordered to pay $3.4 million to financial backers, after their company went into liquidation.
Roy’s Bay Estate Limited fought through the Environment Court to build a 73-unit retirement village on a 1.4ha block near central Wānaka.
However, it went into liquidation earlier this year with only 10 dwellings complete.
According to a November High Court decision, property development financier Senior Trust Limited financially backed the company.
But in September 2021, Roy’s Bay Estate was unable to meet its payments, following a third time extension.
Conscious that it would achieve a better financial result from a private sale than a mortgagee sale, Roy’s Bay Estate entered a conditional contract to sell the site to S5 Consulting Group Ltd for $24m, in October.
That deal became unconditional in December 2021 but was replaced with a new sale and purchase agreement also with S5 at a price of $22m.
The reduction related to consenting and works issues. It was due to settle on March 31, 2022.
However, it did not settle, and Senior Trust entered into a contract in May 2022 to sell the property, as mortgagee, to a company called Roy’s Bay GCO Limited – a subsidiary of S5.
That sale went through for $18m, and Senior Trust sought summary judgement of about $3.4m from Christopher Holmes and Anthony Hannon of Roy’s Bay Estate, for the debt shortfall.
Holmes was the director of Roy’s Bay Estate and Hannon was an indirect shareholder. They both provided a guarantee in respect of the company’s debt.
Holmes and Hannon argued to the court that Senior Trust had breached its duty to obtain the best price reasonably obtainable at the time of sale.
They also complained that Senior Trust’s actions were designed to exclude them from the development and were aimed at securing ongoing finance business as Senior Trust would provide finance to the purchaser.
Counsel for Holmes and Hannon argued that Senior Trust were aware of the previous agreement, but conceded Senior Trust was within its rights to proceed with a mortgagee sale.
Associate Judge Dale Lester found a proper test of the market produced the price of $18m – and that was negotiated from an initial offer of $12m.
He also found no evidence that Holmes, Hannon or Roy’s Bay Estate had asked Senior Trust to allow time for the $22m deal to settle.
Because some vendor’s warranties and two units were removed from the agreement, the discrepancy between the two sale prices was not as great as it appeared, he said.
The judge ruled that the men were to pay Senior Trust the full claim of $3.4m, plus costs.
Stoney Creek GCO Ltd is now building and selling luxury town houses on the site.
Black Friday is around the corner, and we'd love to know what's on your shopping list this year as the season of amazing deals kicks off!
Final days to get your tickets for a chance to win this brand new, fully furnished home in the Coromandel’s beautiful Whitianga. Worth over $1 million and featuring three bedrooms, two bathrooms and an open-plan kitchen, living and dining area, this home is waiting to be lived in and loved by its… View moreFinal days to get your tickets for a chance to win this brand new, fully furnished home in the Coromandel’s beautiful Whitianga. Worth over $1 million and featuring three bedrooms, two bathrooms and an open-plan kitchen, living and dining area, this home is waiting to be lived in and loved by its new owners.
Make this property your permanent residence, a holiday home, rent it or even sell it – it could be all yours!
Be in to win by purchasing your tickets today – just $15 each.
What's the most amazing deal you've discovered on our website, and how much money did you save?
Share your great finds with us for a chance to WIN a $200 Prezzy card and keep your shopping spree going!
CLICK below to enter! Don't wait too long to participate; entry ends on … View moreWhat's the most amazing deal you've discovered on our website, and how much money did you save?
Share your great finds with us for a chance to WIN a $200 Prezzy card and keep your shopping spree going!
CLICK below to enter! Don't wait too long to participate; entry ends on 29/11!
Check out our Black Friday deal HERE: www.nzcompare.com...
Light Up Diwali! We had over 340 incredible responses from all you Diwali enthusiasts who shared your power-saving tips for a chance to WIN $150 towards your power bills!
Now, the moment you've been waiting for – did you emerge as the lucky winner? CLICK below to find out!
Didn't… View moreLight Up Diwali! We had over 340 incredible responses from all you Diwali enthusiasts who shared your power-saving tips for a chance to WIN $150 towards your power bills!
Now, the moment you've been waiting for – did you emerge as the lucky winner? CLICK below to find out!
Didn't WIN this time? Don't worry! Stay connected with NZ Compare to keep informed about future competitions, deals, and tips!
We're here to brighten up your Diwali and your budget! CLICK HERE to discover more: www.powercompare.co.nz...
Embracing adventure is made easy with our lock-and-leave-style living. We keep your home secure and well-maintained while you take off to explore what brings you joy.
Premila and Ebbie love the freedom of their Ryman lifestyle. The pair take off on holiday whenever they want and return home to … View moreEmbracing adventure is made easy with our lock-and-leave-style living. We keep your home secure and well-maintained while you take off to explore what brings you joy.
Premila and Ebbie love the freedom of their Ryman lifestyle. The pair take off on holiday whenever they want and return home to freshly mowed lawns, watered gardens, clean windows, and a safe village.
Discover more about the freedom of living in a Ryman village.
The Great NZ Pet Election has launched and we’re on the hunt for NZ’s best pet!
Pick up a copy of The Southland Times to find out how to nominate your companion then check back every day to see if they are selected as a daily winner! All daily winners will receive a $50 pet store voucher … View moreThe Great NZ Pet Election has launched and we’re on the hunt for NZ’s best pet!
Pick up a copy of The Southland Times to find out how to nominate your companion then check back every day to see if they are selected as a daily winner! All daily winners will receive a $50 pet store voucher and will qualify towards the grand pet election prize of a $1,000 pet store voucher. Find out more here.
Let the great NZ Pet Election begin!
The team at The Southland Times
Hi everyone. Keep an eye on your letterbox and emails as the November issue of NZFarmer is nearly here. Hope you enjoy it.
Sonita
Happy Diwali! The Festival of Lights is a significant Hindu festival celebrated with lighting lamps, cultural rituals, and the exchange of sweets, symbolizing the victory of light over darkness and good over evil.
Let's make your festival brighter and your wallet happier! CLICK BELOW to … View moreHappy Diwali! The Festival of Lights is a significant Hindu festival celebrated with lighting lamps, cultural rituals, and the exchange of sweets, symbolizing the victory of light over darkness and good over evil.
Let's make your festival brighter and your wallet happier! CLICK BELOW to share your power-saving tips in our "Light Up Diwali, WN $150" competition.
Don't miss out - ends 13/11, 2023. T&Cs Apply.
Happy Single's Day!
Whether you're celebrating solo or with friends, take some time today to treat yourself.
CLICK below to enter our Single's Day competition to WIN a $111 Prezzy Card!!
© Neighbourly 2024
Loading…
