Mark Hotchin co founder of Hanover Finance has had to put his mansion up for sale as he says he can not afford to live in it! (No kidding!) I'm surprised he thought he could live in NZ again - we are a forgiving lot but surely he's better off living offshore permanently.
The mansion is probably going to set a new record - it's sale tipped to reach up to $50 million
source
Here's hoping the proceeds do go to the ex Hanover investors.
cheers,
Donna
The mansion is probably going to set a new record - it's sale tipped to reach up to $50 million
The house became a lightning rod for investor anger after the finance company's collapse in 2008 and some of the proceeds from its sale could still be subject to the outcome of a courtroom battle involving Mr Hotchin, one of his family trusts and the Financial Markets Authority.
Here's hoping the proceeds do go to the ex Hanover investors.
cheers,
Donna
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