Serepisos’ company liquidation ends with $38 million owed to creditors

  • A company owned by former property tycoon Terry Sereispos is being wound up, with a shortfall of more than $38 million.

Receivers have released the final report for Century City Ventures, which shows the company still owes more than $38m to its secured and unsecured creditors, despite the sale of all assets.

About $32m was recovered from selling the company’s assets, which included two properties in Petone – one on The Esplanade and one on Victoria St.

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ANDREW GORRIE/FAIRFAX NZ
One of Terry Serepisos’ former companies has been wound up, leaving debts of $38 million.

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