I go chop your dollar, Ctd

Terry Serepisos is going down hard:

Terry Serepisos has lost his plum Wellington city headquarters in the latest blow to his business empire.

The Companies Office website shows Barry Jordan and David Vance from Deloitte were appointed receivers of Century City Investments on Friday.

The company’s major asset is the ASB Tower on Hunter St, which is home to Century City’s own offices.
Mr Serepisos paid $23.5 million for the building in 2006.

It had a 2009 rating value of $34.2m and is close to fully leased, but reportedly needs extensive and costly earthquake strengthening.

C B Richard Ellis Ltd, who were already property managers for the building, have been appointed to stay on in that role, Wellington managing director Ryan Johnson said.

Deloitte spokesman Pete van Schaardenburg said no decisions about what to do with the property had been made yet.

Do you want:

  • ad-free access?
  • access to our very popular daily crossword?
  • access to Incite Politics magazine articles?

Silver subscriptions and above go in the draw to win a $500 prize to be drawn at the end of March.

Not yet one of our awesome subscribers? Click Here and join us.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.