Highcliff Road Ltd has been placed in the hands of Christchurch-based liquidators from PricewaterhouseCoopers and creditors have until November 25 to make claims.
Attempts to contact liquidators yesterday were unsuccessful and it is not known if the liquidation was voluntary or forced, or if there are outstanding debts.
Kennedy developed Harbour Heights in Highcliff Rd, Dunedin, and was also involved in a 580sq m two-storey building development in King Edward St in South Dunedin at the time he was arrested. He later sold the unfinished development.
Kennedy and Colombian partner Jennifer Romero-Maya were respectively 53 and 30 years old when convicted in the Supreme Court Brisbane on August 16 of attempting to possess a marketable quantity of an unlawfully imported border-controlled drug. They were sentenced to 11 years' jail.
German authorities had intercepted 1.8kg of pure cocaine from Argentina, with an estimated value of $A1.9 million ($NZ2.47 million), through random checks on two parcels, fround stuffed inside hydraulic cylinders, bound from Leipzig to Australia, Australian Federal Police were notified, listening devices were attached and the couple were tracked to their Broadbeach hideout on the Gold Coast, in Queensland, and arrested in August 2008.
