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Having grown at a faster rate than anticipated, Jarden has implemented a new business structure which has required several changes to its management team, including a new role for the chief executive. ....
Nido investors fail in attempt to convert shop into smaller tenancies, mortgagee sale proceeds 28 Apr, 2021 08:50 PM 4 minutes to read Nido furniture and homewares store in Henderson, now shut for weeks. Photo / Hayden Woodward Mortgagee PearlFisher Capital has refused an offer to convert west Auckland s failed Nido shop into multiple tenancies to generate money for investors in the $62 million property investment scheme which owns the land and building. Jodi Tuffin, investor relations manager at Maat Group, which sold sales in Nido landlord Central Park Property Investment, told investors the latest rescue plans did not succeed. The building was to be leased to smaller operators but the lender had not agreed, she said. ....
Concerns raised as Nido investors canvassed about adding in more money 8 Apr, 2021 05:00 PM 6 minutes to read Magsons, trading under the Nido brand, collapsed into receivership on Friday. Video / Will Trafford Investors who poured money into a scheme used to fund development of the failed Nido homeware store in West Auckland have been asked if they are willing to commit more funds in order to retain ownership of the building. This comes as fresh concerns are raised about the original investment scheme that saw retail investors contribute around half of the $62 million raised for the project. The Nido store was built on land paid for with $30m raised by Maat Consulting through a proportional share ownership scheme and $25m of debt from Pearlfisher Capital, a non-bank lender half owned by investment bank Jarden. ....