JOSEPH JOHNSON/FAIRFAX NZ
Rolleston is one of Canterbury’s fastest growing towns.
The $13 million failure of property company FCL Holdings (in liquidation) means a planned special housing subdivision at Rolleston near Christchurch is unlikely to proceed in the near future.
FCL entered a purchase agreement in mid-2016 to buy the rural block from interests associated with Dryden Trust and Dean and Barbara Geddes.
Trust representative Ryan Geddes said his family had owned the block for about 20 years and was taking stock of the situation.
Geddes, who is also manager of Savills in Christchu…
Read the full article at: http://www.stuff.co.nz/business/92082473/rolleston-subdivision-on-backburner-following-liquidation