Marlborough Property Investors' Association

News & Updates

Recent updates

  • Blue Chip investors' court victory
    A group of Blue Chip investors have won the right to void contracts forcing them to buy apartments. Five Supreme Court justices, led by Chief Justice Sian Elias, have ruled Blue Chip was effectively selling the investors debt securities without producing a prospectus or appointing a trustee, both of which are illegal under the Securities Act 1978.
    09-08-2012 more >>
  • Blue Chip directors, auditors hit with $40m claim
    Blue Chip liquidators have gone to court claiming more than $40 million from former directors and auditors of the failed property investment scheme.
    24-01-2012 more >>
  • Bank looks to eliminate fraudulent valuations
    ANZ Bank and PropertyIQ have been trialing a valuation clearing house system aimed at eliminating fraudulent valuations.
    01-09-2011 more >>
  • SFO starts new Blue Chip probe
    The Serious Fraud Office is to investigate allegations against an employee of the failed property investment group, Blue Chip, for alleged misinformation to investors and altering loan documents to induce financiers to lend.
    22-07-2010 more >>
  • Auckland central: Money in metropolis
    After a tumultuous few years, the Auckland central business district apartment market is finally regaining lost ground. Vicki Holder explores the concrete jungle for investment potential.
    08-04-2010 more >>

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