Nikki Connors

PHOTO: Nikki Connors. FILE

📉 Shock Collapse: Propellor Property Investments Placed Into Liquidation

In a dramatic turn for one of New Zealand’s best-known property figures, Propellor Property Investments—linked to the self-titled “Queen of Property,” Nikki Connors—has officially gone into liquidation.

The collapse follows an application by Inland Revenue, which was listed as the petitioner in liquidation notices posted to the New Zealand Gazette earlier this year.

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Despite announcing her retirement from New Zealand and the property industry in April 2024, Companies Office records confirm that Connors remains the sole director and a 30% shareholder in Propellor.

The company previously promoted itself as a property investment coaching firm, claiming online to have “helped so many Kiwis become millionaires.”

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🏚️ From Property Fame to Financial Fallout

In an earlier interview, Connors said she had begun winding down the business at the end of 2023. Her statement read:

“While overseas working on a capital-raising project, I realised it was time to find some balance… I decided to retire and begin responsibly closing the business.”

She intended to settle company debts through property sales, but says those plans were derailed by third-party interference, resulting in mortgagee sales and substantial financial losses.

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⚖️ Legal Action May Follow as Connors Seeks “Closure”

Connors told Stuff she is now considering legal recourse:

“I hope any compensation received will allow me to honour the hard work that went into building my businesses over the years.”

With liquidation now official and a liquidator appointed, it remains unclear how creditors will fare—or what Connors’ next move might be.

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SOURCE: STUFF

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