Chow brothers buy troubled Stonewood Homes

Adult entertainment and real estate specialists the Chow brothers and another investor have bought the national franchise rights for one of New Zealand’s largest home builders, Stonewood Homes.

An announcement has just been published outlining details of the deal.

“Property magnates the Chow Brothers and corporate finance specialist Clint Webber have bought the troubled Stonewood Homes business assets – third largest house building company in NZ – both the national franchise rights and the Christchurch franchisee – from receivers KordaMentha for an undisclosed sum,” a statement said.

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Chow

Adult entertainment and real estate specialists the Chow brothers and another investor have bought Christchurch’s Stonewood Homes. Photo / Suplied

VIA NZ HERALD

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