In what's being called the country's biggest single receivership of residential investment properties, 153 rental units in Hamilton, New Plymouth and Palmerston North are for sale......
.......The units were placed in receivership at the end of 2008.
The fool who wrote this doesn't seem to understand the difference between 'receivership' and 'liquidation.' Houses and apartments are not things which are 'placed in receivership.' It is the operating entity or company which is placed in receivership and it is the receivers who then make a decision as to whether to trade on or sell up the assets. In this case the decision to sell up has been taken TWO YEARS AFTER the receivership, you dumbarse jerk reporter.
Nowhere in this puerile piece is there any mention of either who the receivers are or the identity of the outfit put into receivership in 2008 - which are the really important bits of information.
Adolf is interested to know whether this episode involves another associate of or connection with BlueChip.
It has that smell about it.