Your Views
Have your say on the issues of the day

What should be done with Ponsonby's $250m hole?

27 comments
Ponsonby's unsightly $250 million hole is worrying city politicians who are putting feelers out for new owners. Photo / Steven McNicholl
Ponsonby's unsightly $250 million hole is worrying city politicians who are putting feelers out for new owners. Photo / Steven McNicholl

Supermarket, retirement and healthcare businesses are lining up to buy Soho Square, Ponsonby's Strategic Finance-funded five-level eyesore.

Investors in failed lender Strategic Finance are facing a smaller return with the receiver cutting 9 cents in the dollar from the top end of the prospective recovery range.

Receiver John Fisk, of PricewaterhouseCoopers, expects a return of between 12 per cent and 26 per cent of the principal owed to debenture holders, down from the 12 per cent to 35 per cent range previously flagged, according to a letter to investors on April 29.

What should be done with Ponsonby's $250m hole? Here is the latest selection of Your Views:

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter

SIGN UP NOW

Have your say

1200 characters left

By and large our readers' comments are respectful and courteous. We're sure you'll fit in well.
View commenting guidelines.

Sort by
  • Oldest

© Copyright 2016, NZME. Publishing Limited

Assembled by: (static) on production bpcf02 at 29 Jul 2016 10:57:18 Processing Time: 438ms