Financier appoints receivers at Beachcroft Residences in Onehunga

Receivers and administrators have been appointed to the $85 million Beachcroft Residences project in Auckland’s Onehunga, known for its troubled history, earning it the nickname “Fawlty Towers.” McGrath Nicoll’s Andrew Grenfell and Alton Pollard will oversee the project’s completion, with a secured lender now controlling the residential block, and Grenfell is committed to delivering all units to buyers.

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