Companies owned by Serepisos placed in receivership

NZPA

Thursday 26th May 2011

Two companies associated with Wellington property developer and Wellington Phoenix football club owner Terry Serepisos have been placed in receivership.

Companies Office records show a company called 79 Manners Street Ltd was put into receivership on May 19. John Fisk and Richard Longman of PricewaterhouseCoopers are handling the receivership. The company is owned by Century City Trust Ltd, which is owned by Serepisos.

Maison Property Holdings Ltd was also placed in receivership on May 19, and Fisk and Longman are also handling the receivership. Century City Trust Ltd is also a shareholder of that company along with Konstantinos Serepisios.

The receivers were appointed by frozen lender Equitable Mortgages, National Business Review reported.

Equitable Mortgages called in receivers last November and Korda Mentha has taken over that receivership.

Serepisos has been fighting bankruptcy proceeding in court.

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