News

Ballantyne rescue bid turned down

Thursday 17th of May 2001

The receivers of the Ballantyne Retirement Village have turned down a rescue offer from a consortium headed by Money Managers boss Doug Somers-Edgar and Richmond Paynter, and sold the development to another party of $4 million plus gst.

Tower Trust put the Ballantyne group of companies, which were developing a golf course and residential...

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