MARTY SHARPE
Frimley Estate, on the northern edge of Hastings. The development is not complete, and has not been a success for investors.
An unsuccessful property development in Hastings has been put into liquidation with a judge saying those running the company appeared to be rewarding themselves rather than meeting obligations to creditors.
Frimley Estate was incorporated in late 2004 with the purpose of subdividing 7.86 hectares near Hastings.
Well-known author Alan Duff and his brother Nick, also known as Stephen, were founding directors and also shar…
Read the full article at: http://www.stuff.co.nz/business/75071670/management-of-hastings-company-frimley-estate-appeared-to-reward-themselves