Melview (Kawarau Falls Station) Development Ltd and Melview (Kawarau Falls Station) Investments Ltd were both placed in receivership in May 2009. The two companies were part of the $1 billion Kawarau Falls Station development.
A notice issued yesterday said Andrew McKay and Rees Logan, of insolvency company BDO Auckland, had been appointed the new receivers.
The pair took over from Brian Mayo-Smith and Andrew Bethell, also of BDO Auckland, who were appointed in 2012.
When contacted, Mr McKay said the pair were ‘‘just swapping out’’ with Mr Mayo-Smith and Mr Bethell and nothing would fundamentally change.
According to the most recent half-yearly receivers’ report, released in June, at least $169million owed to secured creditors was still outstanding.
