A receiver of New Zealand's biggest homeware store has revealed how hard her firm tried to sell the business as a going concern, including approaching more than 50 would-be buyers. Photo / Anne Gibson"The receivers approached more than 50 potentially interested parties and discussions were held with a smaller number interested in acquiring the business as a going concern," she said. Now, a question hangs over the $62m property investment scheme which owns the land and Nido building and which was being paid rent when Nido traded. Photo / suppliedAlbany financial specialist Maat offered shares in a company, Central Park Property Investment, which raised the $62m to buy the land and building from Nido founder Vinod Kumar. Maat managing director Neil Tuffin and investment relations manager Jodi Tuffin called for expressions of interest in Central Park Property Investment.

Source: New Zealand Herald February 24, 2021 03:02 UTC