Nikki Connors

PHOTO: Nikki Connors started Propellor Property in 2009. FILE

According to STUFF an application has been made to put high-profile property investment firm Propellor Property Investments into liquidation.

Staff at work at Propellor Properties offices in Auckland.
JASON DORDAY/STUFF Staff at work at Propellor Properties offices in Auckland.

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The application was made by the Commissioner of Inland Revenue (IR) on Sunday.

Propellor Property founder Nikki Connors said the application was part of a “heavy-handed approach” by IR and that an arrangement had been come to.

Nikki Connors

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Propellor works with developers, matching new builds to investors looking to buy, provides financial advice and assessment, and receives a fee for setting up purchases.

Nikki Connors started Propellor Property in 2009.
Nikki Connors started Propellor Property in 2009.

Propellor, founded in 2009, has offices in Auckland, Hamilton and Christchurch.

Connors has a high profile herself. She was a top advertising creative in the 1980s, working for Saatchi & Saatchi, before moving into property investment. In her 2016 book, Connors said that by the age of 27 she was earning more than the prime minister of New Zealand.

Connors, who refers to herself as the queen of New Zealand property, dismissed the application.

”We are in negotiations, and I have done this before. We have come to arrangement, and we’re fine,” she said.

Connors started Propellor Property Investments in 2009

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“It’s just the typical thing where they take a heavy-handed approach, and we say we don’t owe this – and that’s what it is basically.”

She said companies had arguments with IR often, and she didn’t feel the application was relevant.

An Inland Revenue spokesperson said the department did not comment on individual tax matters.

The application is to be heard by the High Court at Christchurch on September 15.

Advertisement of Application for Putting Company into Liquidation

This document notifies you that:

  1. On 19 May 2022, an application for putting PROPELLOR PROPERTY INVESTMENTS LIMITED into liquidation was filed in the High Court at Christchurch. Its reference number is CIV-2022-409-208. The application is to be heard by the High Court at Christchurch on Thursday 15 September 2022 at 10.00am.
  2. A person, other than the defendant company, who wants to appear at the hearing of the application must file an appearance not later than the second working day before that day.
  3. The statement of claim and the verifying affidavit may be inspected at the registry of the court or at the plaintiff’s address for service.
  4. The plaintiff is the Commissioner of Inland Revenue, whose address for service is Inland Revenue, Legal Services, PO Box 1782, Christchurch 8140. Telephone: (03) 968 1866. Email: The plaintiff’s solicitor is Gabrielle McGillivray, whose address is as noted above.

Dated this 17th day of June 2022.

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